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Godrej Properties has entered into a development agreement with Oasis Buildhome to build a premium residential group housing project in Gurgaon.
This will be the company’s third project in Gurgaon. It is already developing two residential projects in Gurgaon - Godrej Frontier and Godrej Summit. Besides, it will develop a residential project in Okhla, New Delhi.
The 13.76 acre property is situated on Northern Periphery Road (NPR) in Sector 88A/89A, Gurgaon and expected to offer 1.2 million sq ft of saleable area, the company said in a statement.
Most of the Godrej Properties projects are being executed as joint venture.
Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “NCR is an important growth market for us and this is the second new project we have announced entered in NCR in FY14. The project fits well with our strategy of growing our presence in India's leading real estate markets and we will aim to replicate the success of our previous projects in the Gurgaon market.”
