Godrej Properties to develop a residential project in LBS Marg

By Accommodation Times News Service

The Mumbai based real estate developer will develop new large residential projects in Mumbai

Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, has entered into a Development Agreement with Ador Group, to develop a 6.7 acre land parcel situated on LBS Marg in Bhandup (W).

This prime land parcel is strategically located on LBS Marg and is just off the Mulund exit from the Eastern Express Highway which provides it with excellent connectivity to South Mumbai. The site has extremely well developed physical and social infrastructure in its vicinity and is very close to the affluent neighborhood of Mulund.

The project, which has a potential saleable area of approximately 72,000 sq. meters (7.76 lakh sq. ft), will be developed as a premium residential group housing project. This will be Godrej Properties’ first project in the fast developing and upcoming suburb of Bhandup.

Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties “We are happy to have added a new project on LBS Marg. Mumbai forms a key part of our growth strategy and we look forward to continuing to build our presence through projects in superior locations across the city. We will ensure we deliver an outstanding project that offers our customers the very best in terms of design, amenities, and sustainability.”

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