Godrej Properties, the real estate development arm of the Godrej Group, has entered into a new deal to develop a residential project at Whitefield, in Bengaluru. The proposed project will offer approximately 79,000 square metres (0.85 million sq. ft.) of saleable area and will be developed as a modern residential development.
Pirojsha Godrej, managing director & CEO, Godrej Properties said, ''We are very happy to add a new residential project in Bengaluru. This is our eighth project in Bengaluru and second project in Whitefield. This development fits well with our strategy to strengthen our portfolio in the country's leading real estate markets.''
Shares of the company gained Rs 0.35, or 0.14%, to trade at Rs 251.90. The total volume of shares traded was 3,794 at the BSE (9.47 a.m., Tuesday).