In a filing to the Bombay Stock Exchange, the company said, “Godrej Properties adds a new residential project in Gurgaon.”
This project will offer approximately 98,000 square meters (approximately 1.05 million square feet) of saleable area and will be developed as a modern group housing development, it added.
The company further said that, the project is located just 5 kms from NH 8 and is easily accessible via a network of main sector roads.
Commenting on the development, Godrej Properties, Executive Chairman, Pirojsha Godrej said, “This fits with our strategy of building our presence in the country’s leading real estate markets. We look forward to delivering an outstanding project.”
Meanwhile, shares of the company closed at Rs 523.35 apiece, up 0.74 per cent, from previous close on BSE.