MUMBAI: Godrej Properties Limited, the real estate
development arm of the Godrej Group, has entered into a Development Management
Agreement with United Oxygen Company Private Limited, to develop UOCPL’s property
near Hoody, Whitefield Main Road in Bengaluru.
The project will offer approximately 1,000,000 sq. ft. of
saleable area and will be developed as a residential housing project. The site
is strategically located on the Whitefield main road leading to the well-known
IT/ITES establishments located in ITPB and EPIP zone of Whitefield.
The proposed Phase 2 of the Bangalore Metro will enhance the
connectivity to the project. This property also has excellent connectivity to
the IT/ITES Belt at Bellandur on Outer Ring Road.
Pirojsha Godrej, Managing Director & CEO, Godrej
Properties, "We are happy to enter into an agreement for a new project in
Whitefield. This project will be designed to be a landmark development in the
location and will further build our presence in Bengaluru, which has been one
of India's best performing real estate markets. The development management
model fits well with our strategy of capital efficient growth."
No comments:
Post a Comment