Godrej Properties to develop new project in Kandivali, Mumbai; estimates booking value of Rs1,000 crore
India Infoline News Service |
07 Apr, 2022 |
Godrej Properties Ltd. today announced that it has extended its existing arrangements with Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar, Kandivali, East.
This project is will offer approximately 7 Lakh square feet of saleable area, and is an extension of the Godrej Tranquil and Godrej Nest projects of the company. This project will be developed as a modern residential project consisting of apartments of various configurations. The land will have easy access to the Western Express Highway and offers a well-developed social and civic infrastructure with multiple schools, retail malls, hospitals, and residential and commercial spaces in close proximity.
â€œWe are delighted to add this project to our portfolio. Kandivali is a developed micro-market and extending our existing projects in the location fits well with companyâ€™s strategy of deepening our presence in key micro markets across India,â€ commented Mohit Malhotra, MD & CEO, Godrej Properties.
Godrej Properties was trading at Rs1,692.90, up by 0.67% against its previous close of Rs1,681.65 on NSE. It touched an intraday high and low of Rs1,699 and Rs1,676.25 respectively.