Realty player Godrej Properties (GPL), on June 24, 2016, said it has partnered with group firm Godrej Agrovet, to develop a residential township project near Sarjapur, in east Bengaluru.
The residential township project, to be built under the development management model, will be spread across 100 acres and has a developable potential of around 8,30,000 sq metres (9 million sq ft).
The location is well-connected to key IT hubs, such as Whitefield, Sarjapur Road, Outer Ring Road and Electronic City. The project will be developed as a modern residential development in multiple phases, the company said in a statement.
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The actual saleable area consumed on the site will range between 4,00,000 sq metres and 8,30,000 sq metres, depending on the types of residential development planned, it said.
“We have added this large new project in Bengaluru in partnership with our group company, Godrej Agrovet. Bengaluru is a key market for us and we look forward to building a landmark project,” the company’s managing director and CEO, Pirojsha Godrej said.
At present, Godrej Properties is developing residential, commercial and township projects spread across around 11.89 million sq meters in 12 cities.