Godrej Properties enters new JV project in Pune
Godrej Properties Limited (GPL) has entered into a partnership to develop a 1.5 million sq. ft residential housing project at Undri (near NIBM) in Pune. Like most Godrej Properties’ projects, this project will also be a joint venture where GPL will be entitled to 40 per cent of the profits.
Pirojsha Godrej, managing director and CEO, Godrej Properties said “We have built a number of landmark properties in Pune over the years including Godrej Eternia, Godrej Castlemaine, Godrej Millennium and Godrej Sherwood. Godrej Horizon, our current residential project, is also located in Undri. This project will offer contemporary, environmentally friendly living spaces and will help to grow our presence in Pune.”
Spread over 31 acres, the project will comprise of 1, 2 and 3 BHK apartments. The project has good connectivity to all key access points in Pune like MG Road, Mumbai-Bangalore Highway (NH 4), and Pune-Solapur Highway (NH 9).