Godrej Properties Ltd has announced that it has diluted part of its holding in the entity, which is developing Godrej Two, the under-construction Grade-A commercial building located at The Trees in Vikhroli, Mumbai. Godrej Properties has entered into a deal with Godrej Fund Management for a 50 per cent stake in Godrej Two.
Godrej Two is located within Godrej Properties’ flagship mixed-use project, The Trees. The Trees consists of three walkable precincts. The commercial precinct, spread across 9.4 acres also houses Godrej One, the Godrej Group’s global headquarters. Godrej Two is the second Grade –A commercial building within the commercial precinct.
The central mixed-use precinct, spread over 9.2 acres, will comprise of a five-star luxury Taj hotel, cultural buildings, luxury residential and a high street retail park. The private residential precinct, spread across 6.7 acres, will house a community of residential buildings with private parks and club house facility. The Trees is just 0.1 kms from the Eastern Express Highway and offers connectivity to BKC through the Santacruz-Chembur Link Road (SCLR) and to Fort through the Eastern Freeway.
Pirojsha Godrej, executive chairman, Godrej Properties Limited, said, “We are committed to ensuring that The Trees is developed to the highest of standards and believe this is an important milestone in that journey. We look forward to doing our best, to deliver an outstanding and highly successful project.”
Godrej Two has achieved LEED-Platinum pre-certification, the highest global rating for sustainable design. Godrej Two will offer approximately 1.11 lakh sq metres (1.2 million sq ft) of built space and will be delivered within three years.