May 1, 2024: Godrej & Boyce and Godrej Properties will continue their Memorandums of Understanding (MoU) executed from time to time for the development of land in Mumbai’s Vikhroli as and when Godrej & Boyce is desirous of developing the said land, according to a joint press release. The Godrej & Boyce is the owner-developer while Godrej Properties is the development manager.
Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, an IGBC Platinum rated residential development project with a total constructed area of 1 million square foot (msf), which has been marketed by Godrej Properties and in March 2024, a new project named Godrej Vistas was launched under this arrangement.
Jamshyd Godrej, chairperson & managing director, Godrej & Boyce, said “The future development of Vikhroli presents a unique opportunity to create a holistic space in the metropolis of Mumbai where urban development and biodiversity co-exists harmoniously. Godrej Construction and Godrej Properties bring complementary strengths, and this has translated into the launch of successful real estate projects in Vikhroli.”
Pirojsha Godrej, executive chairperson, Godrej Properties, said “We look forward to continuing our association with Godrej & Boyce with a view to make Vikhroli into a world-class neighborhood that delivers its residents an outstanding quality of life while ensuring the highest standards of sustainable development.”
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