Godrej Properties To Develop Residential Project In Pune
The project will offer approximately 418,000 square metres (4.5 million sq. ft.) of saleable area
Photo Credit : Bloomberg,
Mumbai-based real estate developer Godrej Properties Ltd on Tuesday (3 October) has announced that it has entered a partnership to develop a residential project on approximately 59 acres in Mamurdi, West Pune, within PCMC (Pimpri-Chinchwad Municipal Corporation) limit.
The project will offer approximately 418,000 square metres (4.5 million sq. ft.) of saleable area. The site is strategically located just off the Mumbai - Pune expressway and very close to prime commercial centers such as Wakad, Hinjawadi, and the automobile hub at Pimpri Chinchwad.
It is situated behind the MCA stadium and is well connected to the social infrastructure at West Pune.
Pirojsha Godrej, Executive Chairman, Godrej Properties said, “We are happy to add this large new project in Pune which is a critical growth market for us. This fits with our strategy of deepening our presence across the country's leading real estate markets."
Godrej Properties is currently developing residential, commercial and township projects spread across approximately 14.36 million square meters (147 million square feet) in 12 cities.