Godrej Properties gains 1% on addition of 3 new projects in Bangalore, Noida
The Mumbai-based real estate developer will develop three projects across key micromarkets of Bangalore and Noida.
Shares of Godrej Properties gained more than 1 percent in the early trade on Thursday as the company added three new projects in its kitty.
The Mumbai-based real estate developer will develop three projects across key micromarkets of Bangalore and Noida.
The company 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.
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.
The third project is in the Noida Expressway micro market. The company will develop a Group Housing Project under the development management model in partnership with the Ace Group.
Pirojsha Godrej, Executive Chairman, Godrej Properties said, “We are happy to add these new projects in Bangalore and NCR. This fits well with our strategy of building our presence in the country's leading real estate markets. We look forward to delivering outstanding projects across these locations."
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