Wednesday, 7 August 2013

Godrej Properties to develop residential project in Gurgaon

Godrej Properties, the real estate development arm of the Godrej Group, has entered into a Development Agreement with M/s Oasis Buildhome Pvt. Ltd. to develop a 13.76 acre property situated on Northern Periphery Road (NPR) in Sector 88A/89A, Gurgaon

G
The Mumbai-based real estate developer will develop a residential project in 
Gurgaon 

Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), the real estate 
development arm of the Godrej Group, has entered into a Development Agreement 
with M/s Oasis Buildhome Pvt. Ltd. to develop a 13.76 acre property situated on 
Northern Periphery Road (NPR) in Sector 88A/89A, Gurgaon. The project will be 
developed as a premium residential group housing project and is expected to offer 
1.2 million sq. ft. of saleable area. 

This well located parcel of land has strategic access from the existing Pataudi Road 
and the NPR. Upcoming road infrastructure will further enhance the connectivity of 
the project to Delhi and other parts of Gurgaon. 

The company is currently developing two residential projects in Gurgaon, Godrej 
Frontier and Godrej Summit, and has recently added a new project in Okhla, New 
Delhi where it plans to do a premium residential development. As with most Godrej 
Properties projects, this project is being done as a joint venture. 

Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are 
happy to add this new project in Gurgaon to our development portfolio. NCR is an 
important growth market for us and this is the second new project we've entered in 
NCR in FY14. The project fits well with our strategy of growing our presence in 
India's leading real estate markets and we will aim to replicate the success of our 

previous projects in the Gurgaon market.”

http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=930331&num=0

source:- http://www.moneycontrol.com/news/announcements/godrej-properties-to-develop-residential-projectgurgaon_930331.html

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