Godrej Properties to develop township project in Bangalore

Realty firm Godrej Properties today said it has entered into a partnership to develop a 100-acre township in Bangalore.

"Godrej Properties Ltd, the real estate development arm of the Godrej Group, has entered into an LLP (limited liability partnership) to develop a residential township project in North Bengaluru," the company said in a statement.

The 100-acre project would offer a potential saleable area of about 9.4 million sq ft. Like other projects, this township would be developed as a profit sharing partnership, it said.

The company, however, did not mention the name of the partner.

The project is proposed to be developed as an integrated township with a mix of residential unit types as well as a school, convenience retail, and other amenities.

Godrej Properties MD & CEO Pirojsha Godrej said: "This will be our third township project after our projects in Ahmedabad and Mumbai and we will seek to create an outstanding destination".

As per the company's strategy, Godrej Properties has been adding projects to its portfolio through joint ventures with land owners.

Last month, Godrej Properties had entered into a joint venture with two local firms to develop a premium housing project in Pune. It would get 35 per cent profit from the 43-acre JV project.

Only last month, the company signed an agreement with group firm Godrej & Boyce for the development of a premium housing project on the latter's land parcel at Vikhroli in Mumbai.

Godrej Properties is currently developing residential, commercial and township projects spread across 95 million sq ft in 12 cities.


  • Centre and states must cooperate to get the economy moving

    Mirroring the previous three quarters, another round of tepid corporate earnings announcements are expected in a few days from now.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Nigavekar

Ranking of higher education institutions

Given the massive popularity and growing influence of world university ...

Rajgopal Nidamboor

The pursuit of serene stillness

It may sound strange — that every change in the ...

Dharmendra Khandal

How positive intervention can go a long way

Ten years ago, Sariska tiger reserve declared that there were ...


William D. Green

Chairman & CEO, Accenture