Mumbai: Realty firm Godrej Properties Thursday said it has signed an agreement to redevelop a private housing society in suburban Malad.
The project, spread over 1.3 acres, will be developed by the company's wholly-owned subsidiary Godrej Projects Development Pvt Ltd (GPDPL) and will offer around 95,000 sqft of free sale area. The existing 118 members of the housing soceity will be rehabilitated as part of this project.
"This redevelopment project fits well with strategy of building our presence in high quality locations across Mumbai. We hope to create an excellent luxury development in this project," Godrej Properties Managing Director and Chief Executive Officer Pirojsha Godrej said.