Godrej Properties enters into JV with Nirmal Ventures for residential project

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Capital Market
Last Updated : Sep 14 2017 | 10:01 AM IST

In Thane

Godrej Properties has entered into a joint venture with Nirmal Ventures for developing a residential project located on the Lal Bahadur Shastri (LBS) Marg, Thane West. This project will be developed under a development management agreement.

Spread over 14 acres, the project will offer approximately 1,95,000 square metres (2.1 million square feet) of saleable area and will be developed as a residential development comprising of modern residential apartments of various configurations along with a small retail component to support this residential development. The project is strategically located with easy access to the Eastern Express Highway. The location offers extremely well developed social and civic infrastructure with multiple schools, hospitals, retail malls and residential and commercial spaces in close proximity.

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First Published: Sep 14 2017 | 9:39 AM IST

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