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.