Godrej Properties to develop new project in Bangalore
Apr 07, 2014
Source : The Hindu

 

PUNE: Godrej Properties Ltd, the real estate development arm of the Godrej Group, has entered into an LLP to develop a residential township project in North Bangalore. This will be developed as a profit-sharing partnership like most other projects by the company.

Located between Bangalore International Airport and Hebbal, the project proposed to be developed as an integrated township with a mix of residential unit types as well as a school, convenience retail, and other amenities, is spread over 100 acres. Though it will have potential saleable area of approximately 9.4 million sq. ft., proximity to the new international airport may lead to a reduced consumption of FSI.

Pirojsha Godrej, MD & CEO, Godrej Properties, said, “This will be our third township project after our projects in Ahmedabad and Mumbai. We are currently developing several projects in Bangalore, which has been India's best performing real estate market and this new development will substantially strengthen our presence in this important city.”

Latest Realty News

Notices, bands net Rs 310 crore property tax in Pune
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
Is it time to stop the endless building of flyovers in India?
Apr 07, 2014
MUMBAI: On April 9, 1964 The Times of India reported that the Bombay Municipal Corporation planned to build a flyover at Kemp's Corner. Five roads met at the junction, situated between two hills, and the traffic congestion was bad. "The 48-foot bridge will segregate the north-south and east-west vehicular traffic," ToI reported.
Notices, bands net Rs 310 crore property tax
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
Senior citizens - an emerging real estate mkt for developers
Apr 07, 2014
MUMBAI: Senior citizens are emerging as a new customer segment for property developers as well as other allied services providers for creating a proper assisted living environment for them, say realty experts.
Is it the right time to buy real estate stocks?
Apr 07, 2014
MUMBAI: After underperforming in 2013, when it declined almost 34 per cent, the BSE Realty Index has rallied by 21 per cent over the past month. For a long time now, retail investors have shunned real estate stocks.
Bet big on office space
Apr 07, 2014
MUMBAI: Thinking of buying your third apartment at Worli? Why not an office block in BKC instead? It may not have quite the charm or glamour of a penthouse apartment, but it can certainly get you hefty returns.
Investments in realty shrank 65% in 2013
Apr 07, 2014
MUMBAI: India’s real estate sector is estimated to have received $1.2-billion (around Rs 7,200 crore) investments in 2013, down 65 per cent from the previous year’s $3.4 billion, according to a report by real estate consultancy Cushman and Wakefield.
Prime Residential Development Land Index for Mumbai witnesses 35.2% increase
Apr 05, 2014
MUMBAI: In the last two years, the Prime Residential Development Land Index for Mumbai has witnessed an appreciation of 35.2%.
Home, tweet home
Apr 05, 2014
MUMBAI: It’s a simple case of necessity giving birth to invention. Back in 2012, when Pankhuri Shrivastava was a fellow of Teach For India, a non-profit organisation, she experienced firsthand the many challenges of living in Mumbai. It was tough to rent a house without paying high brokerages and even tougher to find like-minded flatmates.
Overseas investors are bullish on India: I-Pru chief
Apr 05, 2014
MUMBAI: Investor-centric focus and investment performance have catapulted ICICI Prudential Asset Management Company to the number two position behind HDFC Mutual Fund. ICICI Prudential currently has an asset base of over ?1 lakh crore.

Latest Realty News Of State

Realty Talk's