It has entered into a Development Management Agreement with Manyata Developers Pvt Ltd to develop a group of housing project in East Bangalore.
The first phase of the project is spread over 16 acres and will offer approximately 1,25,000 square metres of saleable area. The total project is expected to offer approximately 4,37,000 square metres spread over 53 acres. The project will be developed as a modern residential development comprising of apartments of various configurations.
The company’s management is happy about adding this project which suits with its strategy of deepening presence across the country’s leading real estate markets.
The shares of Godrej Properties were trading at Rs 593, declined by 0.32% in pre-market session of Thursday on BSE.
Godrej Properties is engaged in construction and real estate development. The company focuses on developing residential, commercial and township projects spread across approximately 11.89 million square meters in over 10 cities.
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