You are here: Home » News-CM » Companies » News
Business Standard

Godrej Properties successfully launches 'The Trees' in Vikhroli, Mumbai

Capital Market 

Sells 300 apratments in excess of Rs 700 crore

Godrej Properties announced that it has sold 300 apartments within one week at The Trees, its flagship project in Vikhroli, This represents more than 80% of the 374 apartments it opened for sale in the first phase of this project. The value of apartments sold is in excess of 700 crores making this Godrej Properties' most successful ever launch in terms of value of real estate sold.

The Trees mixed-use development contains a commercial precinct spread across 9.4 acres, which houses Godrej One, the Godrej Group's global headquarters. The central mixed use precinct, spread over 9.2 acres, will comprise of a 5 star luxury hotel, cultural buildings, luxury residential, and a high street retail park. The more private luxury residential precinct spread across 6.7 acres, which was recently opened for sale, will house a community of residential buildings with private parks and an iconic clubhouse facility. Adaptive reuse of heritage industrial structures within the development creates a unique and distinctive design and cultural experience.

The first phase of residences in the project contains a total of 374 apartments of various sizes and configurations with a saleable area of approximately 46,000 sq. mt. (500,000 sq. ft.). All the residences offer premium specifications and are designed to offer spectacular views of the internal courtyard, the central landscaped retail court, and the lush green mangroves.

Powered by Capital Market - Live News

First Published: Mon, December 07 2015. 10:43 IST