₹1,000 crore housing project to be developed by Godrej Properties in Mumbai

Apr 07, 2022 10:30 am

Godrej Properties Ltd. in arrangements with Shivam Realty is all set to develop residential group housing project, at Hanuman Nagar, Kandivali, East with a booking value potential of approximately ₹1,000 crore.

The project is an extension of Godrej Tranquil and Godrej Nest and will offer approximately 7 Lakh square feet of saleable area. “The project will be developed as a modern residential project comprising of apartments of various configurations," as per the company filing.

The project is easily accessible from the Western Express Highway and would be equipped with social and civic infrastructure with multiple schools, hospitals, retail malls, residential and commercial spaces in close proximity.

Mohit Malhotra, MD and CEO, Godrej Properties, said, "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."