Godrej Fund Management, the real estate private equity arm of the Godrej Group and Godrej Properties Limited, have entered into a joint venture with Hero Cycles Limited for their Golf Course Road property in Gurugram. The JV will develop, lease and manage nearly one million sq ft of prime office and retail space on the four-acre property.
The project, situated in a desirable commercial location, is in close proximity to a multitude of established and leading commercial, retail and residential destinations.
Speaking about the joint venture, Pirojsha Godrej, executive chairman of Godrej Properties and chairman of Godrej Fund Management said, “We are pleased to partner with Hero Cycles, to develop a world-class office building at this outstanding location. The combination of Godrej Fund Management and Godrej Properties, combines superior investment management capabilities with best-in-class development capabilities. We will do our best to ensure this development becomes a landmark development in the NCR.”