Godrej Properties Ltd has announced that it has entered a partnership to develop a residential project on approximately 59 acres in Mamurdi, West Pune, within Pune Corporation Municipal Corporation (PCMC) limit. The project will offer approximately 418,000 square metres (4.5 million sq. ft.) of saleable area. This is the company’s third project in West Pune.
The site is strategically located just off the Mumbai – Pune expressway and very close to prime commercial centers such as Wakad, Hinjawadi, and the automobile hub at Pimpri Chinchwad, a company release said. It is situated behind the MCA stadium and is well connected to the social infrastructure at West Pune.
“We are happy to add this large new project in Pune which is a critical growth market for us. This fits with our strategy of deepening our presence across the country’s leading real estate markets,” said Pirojsha Godrej, Executive Chairman, Godrej Properties.