News Point: The Mumbai-based Godrej Properties will develop a residential project¬†in Hinjawadi IT Park, Pune.¬†
Spread over 15¬†acres, the project will offer approximately 155,000 square metres (1.7 mn. sq. ft.) of saleable area and will be developed as a modern residential development comprising of apartments of various configurations.
Pirojsha Godrej, Managing Director & CEO, Godrej Properties¬†said,¬†‚ÄúWe are happy to add our 12th project in Pune in an important established micro market.¬† This project addition fits well with our strategy of strengthening our presence in the country’s leading real estate markets.”
This project is located¬†behind Wipro¬†in Phase I, the most prime location within Hinjawadi IT Park, and has excellent connectivity to the Mumbai-Pune Expressway.
This project will be developed in partnership with Godrej Residential Investment Program II (GRIP II). This is the third project under GRIP II, the US$ 275 million fund which was announced in March 2016.