Godrej Properties (GPL), the real estate development arm of the Godrej Group, today launched its flagship project, The Trees in Vikhroli, Mumbai.
With an area of 34 acres, this is one of the largest real estate projects in Mumbai and is the first step towards the greater development opportunity that will unfold in Vikhroli.
Pirojsha Godrej, managing director & CEO, Godrej Properties said, 'We are very excited to launch our flagship project, The Trees. Vikhroli has been integral to the Godrej Group’s history and it is our hope to transform it into a fully integrated city-within-a-city that offers its residents the highest quality of urban life.'
Shares of the company gained Rs 13.3, or 4.22%, to trade at Rs 328.80. The total volume of shares traded was 25,963 at the BSE (1.44 p.m., Thursday).