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Godrej Properties, Nirmal Ventures ink JV for new Thane proj

Press Trust of India  |  New Delhi 

Realty firm Godrej Properties today said it has entered into a joint venture with Nirmal Ventures to develop a residential project in suburban Thane, near

The new project to be come up in West will be spread over 14 acres and with saleable area of 1,95,000 square metres, will be developed under a development management agreement, the Mumbai-based company said in a filing.

In the project, Godrej Properties will build modern apartments of various configurations along with a small retail component to support residential development.

Godrej Properties Executive Chairman Pirojsha Godrej said that adding this new project in Thane, a key micro-market of Mumbai, strengthens the company's development portfolio.

The company is currently developing residential, commercial and township projects across about 138 million sq ft in 12 cities.

of the company were trading down at Rs 631.50 apiece at 1230 hours on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 13:22 IST