By Accommodation Times Bureau
Godrej Properties, leading real estate developers, on Wednesday announced that it has entered into a joint venture with a renowned developer to develop a 4.25 acres sea-facing property in the prime suburban micro-market of Bandra West, Mumbai.
The project will offer approximately 1 lakh square meters (approximately 1.1 million square feet) of saleable area and will be developed as a luxury residential project. The company did not disclose name of developer, the company said in the release.
The average property rate in Bandra West is Rs 40,000 per sq. ft.
Pirojsha Godrej, Executive Chairman, Godrej Properties said, “This project addition fits well with our strategy of building our presence across the country’s leading real estate markets. We look forward to delivering an outstanding project for our customers that becomes a Mumbai landmark.”