Godrej properties to develop Vikroli project in tie up withGodrej & Boyce

Q: Hey,
It seems that Godrej Properties are going to develop Vikroli projects with Joint Venture with Godrej& Boyce .

Rakshit, Mumbai

14th March 2014

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Replies (2)

Hi,
With this new project in Vikroli,the company will have about 5 million sqft of saleble area which is under various stages of execution or planning.

Lalit Verma, Mumbai

14th March 2014

Comment

Hi Rakshit,
Heard that Godrej Properties has entered into an agreement with Godrej & Boyce (G&B) to develop a new project on the latter’s property on the Eastern Express Highway, Vikhroli, Mumbai. The potential saleable area in this project will be up to eight lakh sq. ft. and is likely to comprise premium residences as well as a small component of convenience retail.

Bikram, Mumbai

14th March 2014

Comment

Hi Bikram,
The real estate development arm of the Godrej Group will act as development manager and will work with G&B on the conceptualization, design, sales, and marketing of the project. The costs for design and construction of the development will be borne by Godrej & Boyce in its role as owner-developer while the cost for sales and marketing will be borne by Godrej Properties in its role as development manager.

Padma G, Mumbai

14th March 2014