Infrastructure sector projects by Godrej Properties Ltd in Gurgaon
Project Information
5998
Godrej Properties Ltd
Godrej Properties Ltd today said it will invest Rs 150 crore to develop a new housing project in Gurgaon.
Part of the Godrej Group, the realty firm has formed a joint venture with Oasis Buildhome Pvt Ltd that owns the land.
The company would develop 306 apartments in this project, which is spread over 4.5 acre and has a saleable area of 5 lakh sq ft.
"This is our third project in Gurgaon. First two projects have done well. This is going to be high quality premium development," Godrej Properties Managing Director and CEO Pirojsha Godrej told reporters here.
He said the company expects the project to do well even as it has been launched in tough market conditions.
"The total investment in the project will be Rs 150 crore," Godrej said.
Godrej Properties has entered into profit share agreement with Oasis Buildhome. "Our share will be 38 per cent of the total profit," Godrej said.
He said the rates of flats start from Rs 85 lakh.
Project Value
INR 150 Crore /-
Pre Project Activities Underway
Gurgaon
Haryana
India
Infrastructure
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