Residential township project in North Bengaluru being developed by Godrej Properties
The real estate development wing of the Godrej Group named as Godrej Properties Ltd is going to develop a residential township project in North Bengaluru. The project is spread across 100 acres of area and has the saleable area of nearly 0.87 million square meters (9.4 million sq. ft.) It is close to the new international airport may lead to a minimized consumption of FSI. The project is approved to be developed as an integrated township with a mix of residential unit types as well as school and other facilities to ensure of a good life style.
The approved site is located between the Bangalore International Airport and Hebbal and is easily accessible from the main parts of the city. The location is close to several IT parks and schools and this area is one of the developed areas of the city. This project will be established as a profit sharing partnership.
Mr. Pirojsha Godrej, MD & CEO, Godrej Properties, says that they are happy to enter in to an agreement to construct a large new township in Bengaluru. This will be their 3rd project after project in Ahmedabad and Mumbai and are trying to create an outstanding destination. They are currently developing some projects in Bengaluru, which is considered as India’s best real estate market.
Source: indiainfoline.com
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