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Thursday, December 2, 2021

Nw: Godrej Properties buys 16-acre notify in Bengaluru

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Company estimates doable of 1.5 million sq.feet. of saleable residence

Company estimates doable of 1.5 million sq.feet. of saleable residence

Godrej Properties Ltd. (GPL) mentioned it has purchased 16 acres of land at Sarjapur in Bengaluru to accept a mid-profits dwelling project.

The project is estimated to be pleased a doable of 1.5 million sq. . feet of saleable residence consisting basically of residential apartments of a immense replacement of configurations.

Mohit Malhotra, MD & CEO, Godrej Properties, mentioned, “Infrastructure vogue in Bengaluru has elevated demand for housing, especially from the mid and larger-mid profits community. Sarjapur is an essential micro marketplace for us, and we’re satisfied to add this land parcel to our portfolio.”

The novel addition would additional procure bigger GPL’s presence in Bengaluru and complement its approach of deepening its presence in key micro markets at some level of main cities in India, he added.

Per the realty firm, Sarjapur is one amongst basically the most traditional residential locations in Bengaluru with connectivity to the IT/ITES belt in Bellandur on Outer Ring Facet twin carriageway and loads of alternative key hubs of the metropolis. The gap is strategically positioned discontinuance to the Sarjapur indispensable twin carriageway, and gives a well-developed social and civic infrastructure with colleges, hospitals, retail, residential, and industrial areas in discontinuance proximity.

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