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Godrej Properties signs JV agreement for 3 development projects in India

Godrej Properties Ltd. entered into separate agreements for the joint development of two projects in Bengaluru and one in Noida.

Under its deal with Sai Srushti Group, Godrej Properties will develop 2.15 million square feet of space in a 100-acre site along the NH-648 highway in Bengaluru's north, marking its first plotted development project.

The Indian developer also agreed to develop 17 acres of land in a separate Bengaluru site as part of a joint venture deal with Lahari Music Group. According to Godrej Properties, it will build a roughly 1.4 million-square-foot housing development on the site, which could be expanded to up to 24 acres.

Godrej Properties is teaming up with Ace Group for the third development, in Noida, which will offer approximately 1.7 million square feet in saleable area upon completion.