Bangalore, May 2, 2013:
Godrej Properties Limited (GPL), the real estate development arm of the Godrej Group, has entered into a Development Management Agreement with M/s United Oxygen Company Private Limited, to develop their property situated near Hoody, Whitefield Main Road, Bangalore.
The project will offer approximately 1,000,000 sq. ft. of saleable area and will be developed as a residential housing project. The site is strategically located on the Whitefield main road leading to the well-known IT/ITES establishments located in ITPB and EPIP zone of Whitefield. The proposed Phase 2 of the Bangalore Metro will enhance the connectivity to the project. This property also has excellent connectivity to the IT/ITES Belt at Bellandur on Outer Ring Road.
Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said “We are happy to enter into an agreement for a new project in Whitefield. This project will be designed to be a landmark development in the location and will further build our presence in Bangalore, which has been one of India’s best performing real estate markets. The development management model fits well with our strategy of capital efficient growth.”
