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Godrej Properties signs JV for residential project in Bengaluru

It is the company's fifteenth project in Bengaluru

BS Reporter  |  Mumbai 

Godrej Properties

on Friday said that it has entered into a joint venture with Royale Builders and Developers to develop a 13-acre land parcel on Bellary Road in North Bangalore. It plans to develop 1.34 million sq ft residential project on the plot.

It is the company’s fifteenth project in

Pirojsha Godrej, executive chairman, said, “is a key market for us and this project addition fits well with our strategy of expanding our presence across the country's largest markets.”

On Thursday, it announced a development management contract with Manyata Developers of to develop a residential project in

On 14 September, it forged a JV with Mumbai based company Nirmal Ventures to develop a 2.1 million sq. ft residential project on 14 acres in Thane near Mumbai.

 Before the Nirmal deal, Godrej bought a 14.8-acre land on Dwarka Expressway from BPTP under the Godrej Residential Investment Program II (GRIP-II), a $275 million fund.

First Published: Fri, September 29 2017. 12:38 IST