Godrej properties inks pact to develop 6 new projects in Pune

Godrej Properties, the real estate development arm of Godrej Group, has set up an equity investment platform in partnership with a Pune-based developer to develop six projects across the city.

This portfolio comprises various asset classes including group housing projects, plotted development, mixed use development and township projects, the company said in a release.

The total land to be developed under this partnership comprises of over 300 acres located across west and east Pune.


"This single partnership will dramatically enhance our presence in the Pune market, cementing our presence across key growth areas within the city. We believe this sets us up well to establish a leadership position in Pune's residential market and fits perfectly with our strategy of growing our business across the country's leading real estate markets," said Pirojsha Godrej, Executive Chairman, Godrej Properties.

These six projects will offer a total saleable area of over 25 million sq ft and is scheduled to be developed in multiple phases over the next 10 years.