Godrej plans to build a 1.5 million sq. ft project in Sector 106, Gurgaon

GURGAON, India - Sept. 26, 2017 - PRLog -- Godrej properties, that is a part of 120-year-old Godrej Group, has been at the forefront of delivering premium commercial and residential projects with close to 137 million sq. ft. of projects under development in 12 cities across the country. The Group has acquired land parcel in sector 106 Gurgaon to build a premium housing project with 1.5 million sq. ft. of residential space. This project would be built on 14.8 acres of land parcel and would be located offDwarka Expressway. Dwarka Expressway is the next big thing in Gurgaon on account of its easy connectivity to Delhi International Airport, well planned sector layouts and road network.

Godrej Propertieswould develop this project under Godrej Residential Investment Program II (GRIP-II). GRIP –II is a$ 275 million fund started in 2016 by Godrej properties and is a real estate focussed investment fund that helps the group to manage external funding in a structured and transparent fashion. The project in Sector 106 in Gurgaon is the fourth such project that has been announced under this program.

Godrej Properties has received various accolades over the last couple of years with more than 200 awards for top-notch deliveries of various commercial and residential projects. These awards are a testament to the quality and cutting-edge technology provided by Godrej properties across segments.Speaking to media, Mr. Pirojsha Godrej, the executive chairman of Godrej Properties, said "We are happy to add this new project in Gurgaon. This fits well with our strategy of building our presence in the country's leading real estate markets,"

The above project in Gurgaon is an ultra-premium project. Besides the project in sector 106, Gurgaon, the company also announced another project in Bengaluru. There would be approximately 1.65 million sq. ft. of saleable area across these two projects, as per the information released by the company.

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