Co Acquires 4-Acres At Upmarket Koregaon Park
The Godrej Properties Koregaon Park project will have a developable potential of about 7.5 lakh sq ft with a revenue potential of INR 1,000 crore
MUMBAI, Apr 1 (The CONNECT) – Godrej Properties Ltd. (GPL) today announced that it has acquired a four-acre land parcel near Koregaon Park, an upmarket residential area in Pune. The development on this land will primarily be a luxury group housing project.
Going by the market expectations, the project will have a developable potential of approximately 7.5 lakh square feet with a revenue potential of approximately INR 1,000 crore
Koregaon Park has an established physical and social infrastructure. The location offers excellent connectivity to all major social and commercial hubs of Pune city.
Gaurav Pandey, MD & CEO, Godrej Properties, said, the demand for luxury realty has been strong over the past few years. “This will be our first luxury development in the city, and we will aim to build an outstanding residential community that creates long term value for its residents,” Pandey said.
