Godrej Properties to add three new projects in Mumbai

Godrej Properties stated that they have decided to introduce three new residential projects at Navi Mumbai, Ambernath, and Thane

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Realty firm Godrej Properties on Thursday announced that it has added four new projects in Mumbai Metropolitan Region (MMR) and Bengaluru comprising 12.7 million sq. ft of developable area.

The company which is a real estate arm of business conglomerate Godrej group has said that it has added three new projects at Navi Mumbai, Ambernath, and Thane in MMR along with one new project in North Bengaluru.

These new projects will add approximately 1.18 million square metres (12.70 million sq ft) to its development portfolio," Godrej Properties said in a statement.

With the first project, Godrej Properties has entered a joint venture to develop a township project of over 100 acres in the residential market of Navi Mumbai. The project will consist of 7.5 million sq ft of the development area and will be built as a residential project with a retail component.

On the other hand, the second project is a joint venture with Nisarg Nirman Developers to build a land parcel of close 6.4 acres in Ambernath. The project is expected to have about 1.1 million sq ft of the development area and will be developed as a group housing project.

The third project is a direct purchase of land in Thane. Spread across about 8 acres, this project will offer about 1.1 million sq ft of the development area.

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