The Mumbai based real estate developer enters into a partnership to develop its second residential project in Whitefield, Bengaluru.
Godrej Properties , the real estate development arm of the Godrej Group, has entered into a new deal to develop a residential project at Whitefield, in Bengaluru. The proposed project will offer approximately 79,000 square metres (0.85 million sq. ft.) of saleable area and will be developed as a modern residential development.
Whitefield is emerging into a self-sustaining commercial and residential locality with many educational institutions, hospitals, malls and convenience stores in close proximity. The plot has high visibility and is well connected to EPIP Zone and ITPL Business Parks. As with most Godrej Properties’ projects, this project will be developed under a profit sharing model.
Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are very happy to add a new residential project in Bengaluru. This is our eighth project in Bengaluru and second project in Whitefield. This development fits well with our strategy to strengthen our portfolio in the country’s leading real estate markets.”