SME Times is powered by   
Search News
Just in:   • SMEs can generate more revenue by adopting IT: GM, Microsoft India  • Scots vote against independence  • Sensex gains 54 pts; auto stocks rally  • P&G, Cogent open Telangana plants, J&J begins work  • No plans to punish West with retaliatory sanctions: Putin 
Last updated: 07 Mar, 2013  

Godrej.9.Thmb.jpg Godrej to launch residential project in Kolkata

Godrej.9.jpg
   Top Stories
» Modi, Xi chart new chapter in India-China economic ties
» 'Sericulture a boon for rural and tribal women in India'
» Govt approves setting up of 13 textile parks: Gangwar
» Border issue dominate talks as India, China give fillip to trade
» Chinese president has assured us market access: Modi
SME Times News Bureau | 07 Mar, 2013
Mumbai-based Godrej Properties Ltd. (GPL), the real estate arm of the Godrej Group, Wednesday said it is planning to launch a Rs.100 crore super-luxury residential project in the city in the next two months.

The project called Godrej Platinum will come up at the city's upmarket Alipur area.

"The project will have a saleable area of about 1,70,000 square feet. About Rs.100 crore investment would be required in the new project," GPL managing director and chief executive officer (CEO) Pirojsha Godrej told reporters here.

According to Godrej, the project might take about three-and-half years to be completed.

This upcoming project in south Kolkata will be the firm's second residential project in the city after Godrej Prakriti at Sodepur.

The real estate major Wednesday commenced the handing over process of the first phase of the Prakriti project. Targeted at the mid-income group, the project will have a total of 2,500 apartments. In the first phase, it has 537 apartments.

"Once the total project completes, the total investment would be Rs.1,000 crore in the Prakriti project," Godrej said.

In addition to the two residential projects, the GPL also has two commercial projects, Godrej Waterside and Genesis in the metropolis.

The company said its Genesis project at Salt Lake would be completed in the next 12 months.

"In the four projects in Kolkata, our total investments would be about Rs.2,000 crore to Rs.2,500 crore," the CEO informed.

The GPL has currently been developing residential, commercial and township projects spread across 82 million square feet areas in 12 cities across India.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

Location
Debashis | Thu Mar 7 09:12:12 2013
What is the exact location?


 
  Customs Exchange Rates
Currency Import Export
US Dollar
61.25
60.25
UK Pound
101.85
99.60
Euro
81.50
79.55
Japanese Yen 59.20 57.80
As on 19 Sep, 2014
  Daily Poll
Will PM's 'Come and make in India' mantra spur economic growth?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(6)
» Will complete Hyderabad metro as per schedule: L&T(1)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(1)
» AppTab iTech, Bangalore, Launches Their First Smart Phone(1)
» Late payment: RBI move not enough for SMEs(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter