HOME > BUSINESS > Godrej Properties announces new projects in Bangalore, Gurgaon

Godrej Properties announces new projects in Bangalore, Gurgaon

Real Estate developer Godrej Properties said it kicked off two new projects — both residential apartments — in Gurgaon and Bangalore.

The Gurgaon project is is of 98,000 square meters or 1.05 million sq. ft., while the Bangalore project will add 58,000 square meters of saleable area.

The Gurgaon ‘group housing project’ is located 5 kms from NH8 and is easily accessible via a network of main sector roads, the company said.

“This fits with our strategy of building our presence in the country’s leading real estate markets,” said Pirojsha Godrej, Executive Chairman, Godrej Properties.

The Bangalore project is on Magadi road in West Bangalore. The company signed a development management agreement for the project, which is designed as a “premium group housing” unit.

The project is located in close proximity to the Central Business District (CBD), Race Course, Majestic and Rajarajeshwari Nagar.

This is Godrej Properties’ first development in West Bangalore and its eleventh in Bangalore, it said.

Mumbai-based Godrej Properties is one of the most successful and organized Real Estate companies in India, and has managed to survive a bruising slowdown in the market. It is one of the few that continues to expand and launch new markets, even as many sector biggies have crumbled under heavy debt load and poor demand.

Follow ULTRA.news
IT woes to bring down real estate rentals in Bangalore, IT hubs With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents...
Godrej Properties enters Sohna market in NCR Godrej Properties Ltd announced its first project in Sohna in the National Capital region.The project, which involves approximately 157,000 square meters (approximately 1.7 million sq. ft.) of saleable area , will be located in Sector 33."This project will offer and will...
Demonetization hits real estate builder prices, but not resale flats – report Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017.The report, brought out by the eponymous real estate classifieds site, ...
Airports Authority identifies eight airports for real estate development The Goa Airport operated by AAIAirports Authority of India said it has identified eight airports where it intends to carry out commercial real estate development once the government relaxes the relevant rule.The airports are Lucknow, Kolkata, Amritsar, Varanasi, Bhubanes...
Pune, Western Maharashtra emerge as air pollution hotspots in India Air pollution, particularly levels of Nitrogen Dioxide and Sulfur Dioxide, rose sharply in towns and cities in Western Maharashtra in 2016, according to data from the National Air Quality Monitoring Programme of India.Though 2016 saw a worsening of air quality across the coun...
What Demonetization? Godrej Properties sells 300 flats in Pune in 2 months Godrej Properties said it has sold over 300 out of the 400 apartments put up for sale at its Godrej Greens project in Pune.The sale comes in the backdrop of a slow real estate market complicated by a recent crackdown on 'black money' or tax evasion. The crack down was widely...
Mumbai’s Viviana Mall installs India’s largest rooftop solar plant Viviana Mall in Mumbai has installed one of the largest single-site solar plants in India.The mall, located in Thane, has constructed a 900,000 volt-ampere rooftop solar power plant, which the company said was the biggest in India.900,000 volt-ampere refers to the peak ca...
Housing.com says demonetization to hit Real Estate sales: re-enters rentals Anticipating a slow down in home sales in the coming months in the wake of the crackdown on 'black money', housing.com will restart its rental classifieds business soon.The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had sh...
Demonetization: Sobha Developers offers instalment scheme on Dubai project Sobha Group, a real estate developer focused on South India and the Middle East, has announced a new deferred payment plan for apartments and villas at Sobha Hartland – an integrated freehold community on the Dubai Water Canal in Mohammed Bin Rashid Al Maktoum City. Under the...
Emgee Group to build apartments priced at Rs 8-12 lakh near Mumbai Emgee Group, known for its high-end properties, said it is planning to enter the affordable homes segment by building homes in price range of Rs 8 lakh to Rs 14 lakh with a configuration of 300 sq ft to 500 sq ft each unit.With this venture the company aims to help home-b...
Shutters down on two Shoppers Stop, one Hypercity outlets Shoppers Stop Ltd said it is closing down its two stores at Inorbit mall at Pune and Nirmal Lifestyle at Mulund due to the decrease in business and low profitability.“The sales during last financial year from the store at Inorbit mall was Rs 2,491.20 lacs, which was 0.66% of ...
Will Currency Ban Prick the Real Estate bubble? One of the most interesting aspects of the new move to 'churn' high-value currency notes will be its impact on real estate prices.The real estate sector was already reeling from high interest rates, slow economic growth and a fatigue due to the constant rise in prices.How...
Nila Infrastructures gets Rs 43.5 cr order from Adani Shantigram Nila Infrastructures Ltd said it got a Rs 43.5 cr order from Adani Ports and Special Economic Zone Ltd to construct an office building at Adani Shantigram, located on S.G. Highway, Ahmedabad.The contract envisages overall construction of ground + 13 floors + two basements cov...
Repco Home Finance raises Rs 100 cr by private placement Repco Home Finance Ltd said it raised Rs 100 crore through private placement by allotting 1,000 non-convertible debentures.The face value of the secured redeemable non-convertible debentures are Rs 10 lakh each.Repco Home Finance Ltd (RHFL) is a housing finance company he...
91springboard launches 1,000-strong coworking space in Andheri in Mumbai 91springboard, which provides cost-effective offices (working space) to start-ups and freelances, launched its newest center in Andheri East, MIDC, Mumbai.The facility is spread across 3 floors with an overall capacity of over 1000 members and also has a stunning terrace ...
Brigade Group to help buyers rent flats using Nest Away services Brigade Group, a leading real estate developer, said it has partnered with Nest Away, a rental solutions provider,to assist its customers in renting out their properties.The service will be provided exclusively to its customers who will now be able to avail a rental default g...
Godrej Properties to build new project on Sarjapur Road in Bangalore Godrej Properties Limited, one of India's real estate developers, said it has acquired a land of approximately 12 acres off Sarjapur Road in South Bangalore to develop a residential housing project of approximately 92,900 sq. mtrs.The project is located close to the commercia...
Kolte Patil earns 36% return on Pune real estate project with Portman Holdings Builder Kolte-Patil Developers Ltd said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with US-based Portman Holdings."This project sets a unique example of an Indian & an International developer/Investor working ...
K Raheja launches ´Viva´ luxury homes at Pune K Raheja Corp launched its latest township project ‘Viva’, at Pirangut in Pune.Viva is spread over 77 acres of land and has independent bungalows, twin villas, townhouses, and plots which is located away from the congested main city, the company said.The project's ameniti...
Kolte Patil targets 20% pre sale growth, 2,500 deliveries this year Kolte Patil, a real estate builder based in Pune, expects to increase the pre-sales for the current financial year by approximately 20% and is targeting deliveries of around 2,500 units."Uptick in pre-sales is expected to sustain for the rest of the year," company said. ...
Godrej Properties launch new residential project on Ghodbunder Road, Thane Godrej Properties, one of India's real estate developers, launched its latest project, Emerald, on Ghodbunder Road in Thane.Built over 6.25 acres, the "premium project" offers a total saleable area of approximately 1.35 million square feet, said the company.The first phas...
Bangalore’s Brigade Group to set up SEZ, hotel in GIFT city One of South India’s biggest real estate company, Brigade group, inaugurated work on two new projects in Gujarat International Finance Tec (GIFT) City.The first is a special economic zone and the second, an ibis STYLES Hotel.The SEZ office towers will be of half million ...
Real Estate bill likely to drive up prices – Hiranandani Neha HiranandaniThe new Real Estate Regulatory Bill is a step in the right direction, but could end up making property costlier, Neha Hiranandani, director of Mumbai-based House of Hiranandani said."Though the objectives are noble and correct in the long term, we believe...
Brigade Group announces new villa project in Devanahalli in Bangalore Brigade Group, one of the biggest developers in Bangalore, announced a new villa project at Devanahalli, near the 'new' Bangalore Airport.The project, called Atmosphere, offers 4 bedroom signature villas with sizes ranging from 3010 sq.ft to 3410 sq.ft, the company said. ...
Adani Realty enters Mumbai commercial market with BKC project Adani Realty, the youngest arm of the Adani Group, announced its first commercial property project, ‘INSPIRE by Adani’, at Bandra Kurla Complex in Mumbai.The project will be spread across an eight Lakh sq.ft of built up area with G+10 floors with large and flexible floor plat...