Godrej Properties inks JV with landowner Oasis Buildhome for housing project
NCR is an important growth market for us and this is the second new project we have entered in NCR in FY14
Aug 06, 2013
Source : The Economic Times


DELHI: Real estate firm Godrej PropertiesBSE -1.34 % today said it has entered into an agreement with Oasis Buildhome, which owns nearly 14 acre of land in Gurgaon, to develop a premium housing project.

This would be the fourth project of Godrej Properties, which is part of realty arm of Godrej Group, in the national capital region (NCR).

In a filing to the BSE, Godrej Properties informed that it has "entered into a development agreement with Oasis Buildhome Pvt Ltd to develop a 13.76 acre property situated on Northern Periphery Road (NPR) in Sector 88A/89A, Gurgaon".

The project would be developed as a premium residential group housing project and is expected to offer 1.2 million sq ft of saleable area, it added.

Godrej Properties is currently developing two residential projects in Gurgaon and has recently added a new project in Okhla in the national capital where it plans to undertake a premium housing project. As with most Godrej Properties projects, this project is being done as a joint venture.

"We are happy to add this new project in Gurgaon to our development portfolio. NCR is an important growth market for us and this is the second new project we have entered in NCR in FY14," Godrej Properties Managing Director & CEO Pirojsha Godrej said.

The project fits well with the company's strategy of growing its presence in India's leading real estate markets, he added. Godrej Properties is currently developing residential, commercial and township projects spread across 87.6 million square feet in 12 cities.

Latest Realty News

Steps to take if a tenant refuses to vacate
Aug 06, 2013
DELHI: When it comes to the relationship between a property owner and a tenant, it’s best to be safe than sorry. Yet, hasty decisions, cutting corners and blindly trusting brokers are the reasons for many a legal battle waged by landowners against rogue tenants. Take the case of Mumbai-based Merlyn D’Souza.
CII’s REALTY 2013: 9th International Conference on Real Estate
Aug 06, 2013
DELHI: “Real Estate has emerged as an increasingly strategic domain that influences various strata of society” said Dr Girija Vyas, Hon’ble Minister of Housing and Urban Poverty Alleviation, Govt of India at CII’s REALTY 2013 – 9th edition of Real Estate Conference today in New Delhi.
Unitech group's UCP gets bids up to Rs 2,700cr for Gurgaon SEZ
Aug 06, 2013
DELHI: Unitech BSE -3.17 % Corporate Parks, a Unitech group firm listed in London, has received bids of up to Rs 2,700 crore from six companies, including Blackstone, for sale of its IT Special economic Zone (SEZ) in Gurgaon.
Competition Commission of India rules out abuse of dominance by realty firm BPTP
Aug 06, 2013
DELHI: Fair trade regulator CCI has dismissed allegations of abuse of dominant market position against realty firm BPTP over residential flats in Faridabad.
Delhi leads world in real estate price rise
Aug 05, 2013
DELHI: India has witnessed the sharpest appreciation inreal estate prices in the last couple of years, according to data from the Global Property Guide, an organization which collates real estate data from across the world.
Real Estate Bill consumer-friendly but not anti-industry
Aug 05, 2013
DELHI: Expressing hope that Parliament will pass the Real Estate (Regulation and Development) Bill in its Monsoon Session, the Housing and Urban Poverty alleviation (HUPA) minister said that the legislation aims to protect consumer interest but was not against the industry.
Devising ways to stay on firm ground
Aug 05, 2013
DELHI: A Delhi-based real estate developer’s son was to join his business this August. But owing to the sluggish demand and slowdown in the sector, the family patriarch decided to send him abroad for higher education.
Global PEs, sovereign, pension funds in race for Unitech SEZ
Aug 05, 2013
DELHI: Real estate investment company UnitechBSE -1.97 % Corporate Parks has shortlisted two global private equity funds, a sovereign wealth fund of Singapore and a Canadian pension fund to make second round of bids for its 3.6 million sq ft IT special economic zone in Gurgaon near Delhi.
5,000 Govt residences to be built in Delhi
Aug 04, 2013
DELHI: In an effort to meet the shortage of accommodation for government officers, the Centre is working on building over 5,000 houses as part of a 240 acre residential project in Ghitorni in south-west Delhi.
DLF to cut debt by Rs 4,000 cr in FY'14 as targeted
Aug 04, 2013
DELHI: India's largest realty firm DLF will cut debt by about Rs 4,000 crore this fiscal as targeted even if the company is unable to close the USD 300 million deal to sell the luxury hotel chain Amanresorts.

Latest Realty News Of State

Realty Talk's