Citizens of Gurgaon can soon fulfill their dream of owning a house with Godrej Properties Ltd. developing up a housing project in coordination with a local land owner. The company told in a statement to Business Standard "Godrej Properties has added a new project in Gurgaon to its development portfolio. The land parcel measures 17.4 acres and the project will be developed as a premium residential housing project."
company spokesperson said that Godrej Properties has entered into
partnership with a land owner to develop this project. The company
does not buy land parcels and has a strategy to develop projects in
tie up with local partners.
across 102 million sq ft in 12 cities, Godrej Properties is
developing residential, commercial and township projects. The
company's net profit grew by 15 per cent to Rs 159.4 crore in 2013-14
fiscal, while the total income rose by 20 per cent to Rs 1,254.2
crore compared with 2012-13.
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