Godrej Properties, part of the Godrej Group, is looking at joint ventures with landowners as the firm does not have any landbanks, a top official of the Group said.
The focus of Godrej Properties is "affordable housing" with a price range from as low as Rs 5 lakh to Rs 20 lakh and "we see a lot of potential in this", Chairman of the Godrej Group Adi Godrej told reporters here today.
The firm is developing a 40-million sq ft township in Ahmedabad municipal limits, which will be mainly residential with a mix of commercial, Adi said.
Talking about projects in Bangalore, he said the first one is Woodsman Estate Project, a two million sq ft project near Hebbal on way to Bengaluru International Airport; Gold County Project, a JV inked with late actor Feroz Khan and his son Fardeen Khan for gated villas.
The third is a JV with "SkyStar" owned by actor-director Sanjay Khan, owner of Golden Palm Resort, for a residential project.
The biggest project in Bangalore, Adi said, would be "Godrej Agrovet", a poultry breeding farm on 100 acres of land. However, for biosafety reasons, this project has been shifted to 90 km away from the city and the land earmarked for this would be utilised for housing spread over 10 million sq ft.