Godrej Properties inks pact to develop 7-lakh-sq-ft residential project in Mumbai’s Kandivali
Godrej Properties, real estate development arm of the Godrej Group, has extended its existing arrangements with Mumbai-based property developer Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar of Mumbai’s Kandivali suburb.
This project is an extension of Godrej Tranquil and Godrej Nest and will offer around 7 lakh sq ft of saleable area. To be developed as a modern residential project comprising of apartments of various configurations, it is estimated to have booking value potential of around Rs 1,000 crore.
“We are pleased to add this project to our portfolio. Kandivali is a developed micro-market and extending our existing projects in the location fits well with our strategy of deepening our presence in key micro markets across India,” said Mohit Malhotra, MD & CEO, Godrej Properties,