Godrej witnesses quick sales in Ahmedabad project
Ahmedabad- Mumbai based leading realty firm Godrej Properties has sold 150 apartments in just three days of launch of its affordable housing project “Godrej Garden City”in Ahmedabad.
The company is also planning to open bookings for fifth phase of the same project on April 1, 2013. It expects a good response from this move. The basic price of apartments in fifth phase of Godrej Garden City are priced Rs 3,000 per sq ft each.
Godrej Garden City will comprise of five towers with ground plus 12 floors and would offer all the facilities of a township project. It is offering single bedroom apartments with a built-up area of around 600 sq ft with a price tag of about Rs 16.5 lakh each.
On April 1, 2013, the company entered into a new joint venture project in Undri, Pune. The project site spreads over 31 acres and is situated near National Institute of Bank Management (NIBM).
The company is planning to develop a residential housing project which will offer 1, 2 and 3 BHK apartments. The project will offer approximately 1.5 million sq. ft of saleable area to the company.
The completed projects of the company in Pune include Godrej Eternia, Godrej Castlemaine, Godrej Millennium and Godrej Sherwood. The ongoing project “ Godrej Horizon ” is also situated on the same proposed site, Undri.
The company is planning to get designs and approvals soon to launch the the first phase of proposed project within 12 months.
Recently, Godrej Properties has also signed two redevelopment agreements in consecutive days with two housing societies in Mumbai. Thus, now the company has total six redevelopment projects in hand.
On Malad site, the company is planning to develop a exclusive luxury residential project. The redevelopment will offer approximately 95,000 sq ft of free sale area to the company and expects profit of around Rs 200 crore.
On Chembur site, the company is planning to develop a residential complex which will encompass 2 and 3 BHK apartments. The redevelopment will offer around 750,000 sq. ft of saleable area to the company and expects profit over Rs 1,000 crore.
Godrej Properties Ltd (GPL) is the real estate development arm of the Godrej Group. The company is developing commercial, residential and commercial projects across 82 million square feet in 12 cities across the country.
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