Godrej Properties has entered into definitive agreements to develop a big township venture in North Bengaluru underneath a profit-sharing mannequin. The estimated reserving worth for the venture is ₹5,000 crore.
Unfold throughout 62 acres and positioned in a first-rate space of North Bengaluru, the venture will supply 5.6 million sq. toes of saleable space, comprising primarily premium residential residences of varied configurations.
The corporate mentioned that whereas an settlement on the market for land, together with this 62 acres, was entered into in 2014, the event wasn’t in a position to start on the time. Over the previous few months, the event alternative on the land has crystallised, and it now expects to launch the primary section of growth on this land in FY25.
#Godrej #Properties #construct #township #Bengaluru #income #potential