Godrej Properties acquires new project in Bengaluru

Realty firm Godrej Properties today said it has entered into an agreement with Manyata Developers for a group housing project in east Bengaluru.
This will be Godrej Properties' fourteenth project in Bengaluru.
Godrej Properties said in a statement that it has entered into a "development management agreement with Manyata Developers Pvt Ltd to develop a group housing project in East Bangalore".
The first phase of the project is spread over 16 acres and will offer about 1.35 million sq ft of saleable area. The total project is expected to offer about 4.7 million sq ft spread over 53 acres.
The location is well connected to key IT Hubs of Sarjapur Road, Whitefield, Outer Ring Road and Electronic City.

Pirojsha Godrej, Executive Chairman, Godrej Properties said, "Bengaluru is a key market for us and this project fits with our strategy of deepening our presence across the country's leading real estate markets".
Godrej Properties, which is the real estate arm of the Godrej group, is currently developing residential, commercial and township projects spread across approximately 141.45 million sq ft in 12 cities.