Tag Archives: Godrej Press Launch

Godrej Properties sells entire launched inventory at Godrej Icon in Gurgaon

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Godrej Press Launch, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2RealtyGodrej Properties has announced that it has sold over 200 apartments, with an area over 400,000 sq. ft. in just three weeks at the launch of its residential project, Godrej Icon, in Sector 89A/88A, Gurgaon. Spread over 9 acres, Godrej Icon consists of 9 towers including a 32 storey Iconic tower.

Godrej Icon will offer various amenities including a modern 17,000 sq. ft. club house and infinity pool, 130 feet high skywalk, services by Club Concierge, Four Fountains Spa and Holyfield Gyms. The skywalk at 130 feet features a jogging track, yoga and meditation centre, party deck, zen garden and an observation platform.

Sports facilities such as a squash court, a tennis court, a basketball court, and a cricket pitch will also be part of the project. Customers will benefit from a school as well as retail spaces planned within the project.       

Pirojsha Godrej, Managing Director & CEO, Godrej Properties, said, “We are happy to receive such a strong response for Godrej Icon, our fifth residential project in Gurgaon. We will make every effort to ensure we live up to the expectations of our customers by successfully delivering an outstanding project.”

Godrej Icon is designed on the principle of sustainability. GPL will use eco-friendly materials and will integrate environment-sensitive passive architectural solutions to minimize the carbon emission associated with the development. Features like rainwater harvesting, solar heating and lighting will be incorporated in the project design. Furthermore, more than 80% of the project will be covered in landscaped gardens and open spaces.

The location offers excellent connectivity and is approximately 1.5 km from the Dwarka Expressway and 400m from Pataudi road. The site is strategically located in the high growth corridor of Gurgaon urban area and is also well connected to the Airport, IFFCO Chowk and the commercial hub of Gurgaon.

Godrej Icon is being developed as a joint venture with Oasis Build home Private Limited.

 Source: Track2Realty

Corporate lineage in realty-I

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Godrej Press Launch, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2RealtyTrack2Realty Exclusive: The debate over promoter driven versus professional driven also brings to the table the fundamental question as to whether the entry of corporates into the business has changed the outlook of real estate in India. Have they brought about transparency and corporate governance?

In the realty sector where a majority of operations are based on exchange transactions – adoption of transparency standards in interaction with investors and stakeholders alike, are major advantages that will help avoid a system break down.

With some regulatory changes having taken place in the sector over the last decade, there is increased investment in the sector, along with heightened competition and increased number of consumers that need to be catered too. Given the attractiveness of the sector to investors and businesses alike, over the last few years we have witnessed some large existing business houses and corporations foray into the sector and diversify their business lines.

Sachin Sandhir, Managing Director, South Asia of RICS is of the opinion that these, corporations are steeped in sound corporate-governance practices, which are implemented and advocated to boost investor confidence and enhance the credibility of the organisation, leading to lower capital costs and increased foreign direct investment.

“In fact, there are several organisations within the realty space that have made great progress in providing their institutional investors with the level of information and disclosure that is a prerequisite for an open dialogue and long-term relationship. Therefore, these new corporatized real estate businesses instantly draw on the strength of their brand positioning and attract their existing customers, on the premise that ‘quality’ is never a compromise and have definitely changed the outlook of the realty sector in the country,” says Sandhir.

Critics, however, assert for Tatas, Mahindras, Godrej, real estate had never been the real forte. Is it just greener pastured driving them? Experts believe there are various regulatory stipulations and hurdles that continue to exist in the sector; whereby company promoters, stakeholders, and business leaders continue to have to make complex decisions that direct the destiny of their overall business operations.

In doing so, they may have to discharge some essential, interrelated tasks which are the foundation for building trust in corporate governance and addressing questions of corporate accountability.

…..to be continued

Godrej Properties launches Godrej Platinum in Alipore, Kolkata

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Godrej Press Launch, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2RealtyTrack2Realty: Godrej Properties has launched its ultra-luxury residential project, Godrej Platinum, in Alipore, Kolkata.  Spread over approximately 1.4 acres, this project will have only 35 luxurious homes. Apartment sizes range between 3,762 sq. ft. per apartment and 5,075 sq. ft. per apartment with an average ticket size of INR 10 crores per home.

Godrej Platinum enjoys good frontage on Burdawan Road within the peaceful and serene Alipore, which has established itself as Kolkata’s most desirable residential enclave. Renowned hotels, schools, hospitals, and shopping malls are in close proximity to Godrej Platinum.

The centrally air-conditioned apartments will have luxurious and spacious bedrooms with exclusive wardrobe areas. All apartments are designed to be intelligent homes and will be fitted with state-of-the-art home automation systems.

Each apartment will have spacious outdoor private decks for entertainment. The residents of this project will also enjoy membership in Quintessentially – an exclusive international concierge club.  In addition, Godrej Platinum offers a multitude of lifestyle and sports amenities including a well-equipped gymnasium, swimming pool, indoor games and dedicated kids play area.

Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are very excited to launch our luxury residential project, Godrej Platinum, in Alipore.  Through outstanding design, quality construction, and attention to every detail, we intend to ensure that Godrej Platinum becomes Kolkata’s most exclusive and desirable residential address for decades to come.”

The project will use eco-friendly material and will integrate environment-sensitive passive architectural solutions to minimize carbon emissions. Features like electric car charging facility, rainwater harvesting, low VOC paints and water efficient fixtures will be incorporated in the project design.

Godrej Platinum is designed by world renowned architecture firm, Perkins Eastman, who are the Masterplanners and Design Architects for the Indian School of Business at Mohali and have to their credit many international landmarks.

Godrej Properties announces a new redevelopment project in Chembur, Mumbai

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Godrej Press Launch, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2RealtyTrack2Realty: Godrej Properties has through its wholly owned subsidiary, Godrej Redevelopers Mumbai Pvt. Ltd. (GRMPL), entered into a development agreement with the Sahakar Nagar Vibhag- II Federation, to undertake a residential redevelopment project, of 200 tenements, in Sahakar Nagar – II, Chembur, Mumbai.

GPL announced that GRMPL has entered into a Development Agreement (DA) with Sahakar Nagar Vibhag- II Federation represented by 6 co-operative societies. These 6 societies, representing 200 members in the Sahakar Nagar 2 layout in Chembur, which was developed by MHADA in 1954, have come together to redevelop their properties under Regulation 33(5) of the Development Control Regulation for Greater Mumbai, 1991.

The project, spread over 3.9 acres, will offer approximately 750,000 sq. ft. of free sale area and is proposed to be developed as a modern residential development comprising 2, 2.5, and 3 BHK apartments.

Sahakar Nagar is strategically located and is just a stone’s throw away from Tilak Nagar railway station. The project will have excellent connectivity to Bandra-Kurla Complex through the upcoming Santacruz-Chembur Link Road (SCLR).

Pirojsha Godrej, Managing Director  & CEO, Godrej Properties said, “We are happy to announce another new redevelopment project in Chembur. The central location and upcoming infrastructure in the vicinity of this project make this one of our most exciting new projects.  We will seek to ensure we create an outstanding development for all the existing tenants and new residents.”

It also has direct connectivity to the Eastern Express Highway. Chembur station, Kurla railway terminus, major schools, colleges and entertainment hubs are all located within 1 km radius of the project.

GPL in March 2012 signed a deal, in the same locality, to redevelop 18 residential buildings with 216 members in Sahakar Nagar I.

Godrej Properties launches Godrej BKC

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Godrej Press Launch, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2RealtyTrack2Realty: Godrej Properties has launched its commercial development, Godrej BKC. Godrej BKC occupies a corner plot in the middle of India’s most prestigious and desirable commercial address, the Bandra-Kurla Complex.

At 1.3 million square feet, this is one of the largest real estate development projects launched in the city. The construction of Godrej BKC has commenced and the project is expected to be complete in 2015.

Godrej Properties and Jet Airways have partnered for this development and will share the profits from the development in a 50:50 ratio.  Of a total saleable area of 1.3 million square feet in Godrej BKC, 161460 Square Feet of carpet area will be used by Jet Airways as their state-of-the-art new headquarters.

Godrej BKC will offer a floor plate of 70,000 square feet.  A grid of 9 * 9 metres ensures efficient area utilization and flexibility in planning office layouts. The outstanding design, spectacular views, flexible floor plates, elevated landscaped terraces, open interior common areas, and a curated art program will make Godrej BKC India’s most desirable office address.

Pirojsha Godrej, Managing Director & CEO, Godrej Properties, says, “We are very excited to launch Godrej BKC, our commercial project at Bandra Kurla Complex. Godrej BKC will adhere to the highest standards of design and sustainability and will be a state-of-the-art commercial building.  Once completed, we hope Godrej BKC will be a landmark structure in Mumbai and India’s leading commercial property.”

Godrej BKC claims to embody a strong corporate commitment to environmental stewardship. Cutting-edge sustainability features will guarantee both long-term energy savings for the building’s occupants and set new standards for eco-friendly commercial design.

Nikos Kardassis, Chief Executive Officer, Jet Airways, said ”We are delighted to partner with Godrej Properties in the development of a world-class headquarters for Jet Airways, as well as a class-leading commercial property at BKC. We are confident that the property jointly developed by Jet Airways and Godrej Properties, with its strategic location and superb construction and design, will eventually emerge as one of Mumbai’s premier commercial spaces.”

Godrej Properties has collaborated with several of the world’s most renowned architects and engineering consultants to design this visionary project. Skidmore, Owings and Merrill (SOM), a leading architectural firm that has designed many outstanding developments across the world, including the world’s tallest building, the Burj Khalifa in Dubai and the Freedom Tower in New York, are the lead architects. Larsen & Toubro (L&T), India’s leading construction company, is constructing Godrej BKC.