Monday, 10 April 2017

Godrej Properties to build 5-acre housing project in Mumbai with Shivam Realty

The project will be spread over 5 acres, with about 1 million square feet of saleable area




NEW DELHI: Real estate developer Godrej Properties has entered into a development management agreement with Shivam Realty to develop a housing project at Kandivali East in Mumbai, according to a regulatory filing today.

The project, located off the Akurli cross road at Hanuman Nagar, will be spread over 5 acres, with about 1 million square feet of saleable area.

“This strengthens our development portfolio in Mumbai and fits with our strategy of deepening our presence in key markets across India's leading cities," said Pirojsha Godrej, Managing Director & CEO, Godrej Properties.

The Mumbai-based real estate developer recently also announced its plan to develop a new 
residential project on a 7.5 acre land in north Bengaluru.

The project on Bellary Road (NH-7) will be of around 8 lakh sq ft.