Godrej Properties to launch 1st project in Nagpur
Godrej Properties Ltd (BSE scrip id: GODREJPRP) will develop approximately 2 million sq ft of premium residential apartments and villas within Anandam World City at Model Mills, Ganeshpeth, in the city center of Nagpur.
The residential towers are planned to be the tallest in Nagpur. Residents will benefit from a range of luxurious amenities such as a 4 acre central garden with a state-of-the-art club house, swimming pool, indoor games and a yoga room.
Located in the heart of the city, the project offers excellent connectivity to the prime residential, retail, and commercial areas. It is located 2.5 km from the Central Business District, 9.2 km from the Airport and 2.8 km from the Nagpur Railway Station. The project has received approvals and construction work has begun at the site. As is the case for almost all Godrej Properties’ projects, GPL has done a joint venture for this development and the deal will work on a revenue sharing model.
Pirojsha Godrej, Executive Director, Godrej Properties said, “We are very excited about our first project in the city. Nagpur is one of the fastest developing cities in the country and offers very good infrastructure. This is the 12th city that Godrej Properties has entered and this fits in well with our strategy of establishing ourselves as a leading national home builder.”