Godrej Properties (GPL) has entered into a partnership to develop a residential project in Mundhwa, Keshavnagar, Pune.

The project, spread over 43 acres, will offer approximately 260,000 sq. meters (2.8 million sq. ft.) of saleable area and will be developed as a premium residential development comprising 1, 2, 3, and 4 BHK apartments.
 
Pirojsha Godrej, managing director & CEO, Godrej Properties said, "We are very happy to have added a large new residential project in Pune to our portfolio. This fits well with our strategy of entering partnerships for residential developments in the best locations within India's largest real estate markets. Over the years, GPL has built a number of landmark properties in Pune and this project is our eighth project in Pune. We will seek to ensure this project delivers its residents an outstanding quality of life."

Shares of the company gained Rs 3.85, or 2.11%, to trade at Rs 186.10. The total volume of shares traded was 106,068 at the BSE (3.24 p.m., Wednesday).