Godrej Properties inks pact with Ratnaraj to redevelop estate
Quotes

Godrej Properties inks pact with Ratnaraj to redevelop estate

Last Updated: Saturday, December 29, 2012, 13:05
 
 Comment 1
 
Godrej Properties inks pact with Ratnaraj to redevelop estate
New Delhi: Godrej Properties, real estate development arm of Godrej Group, Wednesday said it has entered into an agreement with Ratnaraj Blessing Milestone to redevelop a private society in Mumbai.

Godrej Properties Ltd (GPL) through its wholly-owned subsidiary Godrej Projects Development Pvt Ltd (GPDPL) has entered into a development management agreement with Ratnaraj Blessing Milestone to redevelop a private society at Currey Road in Mumbai, GPL said in a filing to BSE.

The company will act as development manager and will be responsible for the conceptualisation, design, sales and marketing of the project, it added.

The project with nearly 120,000 sq ft of saleable area is proposed to be developed as a modern residential development with 2, 3, 4 BHK apartments, GPL said.

Commenting on the development GPL Managing Director and CEO Pirojsha Godrej said: "We are happy to announce this project in Currey Road, under the development management model..."

The development management model will allow Godrej properties to benefit from this development with limited risk, he added.

Shares of Godrej Properties were trading at Rs 651 per scrip in the afternoon trade on BSE, down 0.17 percent from its previous close.

PTI



First Published: Wednesday, December 26, 2012, 14:29


Comments


comments powered by Disqus
Hyundai 4S Fluidic Verna
Hyundai 4S Fluidic Verna
Top 5 anticipated luxury cars of 2015
Top 5 anticipated luxury cars of 2015
Top 5 anticipated smartphones of 2015
Top 5 anticipated smartphones of 2015
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved