In Bangalore and Noida
Godrej Properties announced the addition of three new projects, two in Bangalore and one in Noida.GPL has entered into a joint venture with Sai Srushti Group to develop a 100 acres land parcel on NH-648 near Devanahalli Town in North Bangalore. NH-648 is a major highway connecting all primary markets of Bangalore from West to South. This shall be Godrej Properties' first plotted development project and it plans to develop approximately 2 lakh square meters (2.15 million sq. ft.) in the project.
The second project, also in Bangalore, is a joint venture with the promoters of Lahari Music Group, south India's biggest music group, to develop 17 acres of land, with the possibility of further extending the development up to 24 acres, in Electronic City Phase - I, abutting the main Wipro Campus in South Bangalore. Godrej Properties plans to develop a modern residential housing project of approximately 1.3 lakh square meters (1.4 million sq. ft.) with an option to further increase it to 2 million sq. ft.
The third project is in the Noida Expressway micro market. GPL will develop a Group Housing Project under the Development Management model in partnership with the Ace Group. This project will offer approximately 1.6 lakh square meters (approximately 1.7 million sq. ft.) of saleable area and will be developed as a modern group housing development. This project is located in one of the most promising locations in Noida with easy access from the Noida Expressway and Noida metro.
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