Godrej Properties on Thursday announced its decision to strengthen its presence in Kandivali, Mumbai with new housing project at an estimated booking price potential of approx. 1,000 crores.
According to the company filing, Godrej Properties Limited One of India’s leading real estate developers, today announced that it has extended its existing arrangement with Shivam Realty to develop residential group housing Project, Hanuman Nagar, Kandivali, East at Akurli Crossroads.
It is worth noting that this project is an extension of Godrej Tranquil and Godrej Nest and will offer around 7 lakh square feet of salable area. According to the company filing, “the project will be developed as a modern residential project, consisting of apartments of various configurations.” The land is strategically located with easy access to the Western Express Highway and provides a well-developed social and civic infrastructure with many. Schools, hospitals, retail malls, residential and commercial locations in close proximity.
Mohit Malhotra, MD & CEO, Godrej Properties said, “We are delighted to add this project to our portfolio. Kandivali is an evolving micro market and the expansion of our existing projects is in line with our strategy to deepen our presence at the location. Fits in well with micro-markets across India.”
In FY 2021, Godrej Properties emerged as the largest developer in India by value and volume of residential sales.
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