Noida : Godrej Properties Ltd announced its entry into the Greater Noida real estate market with the announcement of its plan to develop a golf centric township in Sector 27, Greater Noida. Spread over 100 acres, this low density project will offer approximately 370,000 square meters (4 million sq. ft.) of saleable area and will be developed as a modern golf township comprising of a 9-hole golf course and villas amongst other lifestyle amenities.
Greater Noida is an important part of the NCR market and this project fits well with our strategy of deepening our presence across the country’s leading real estate markets,” said Pirojsha Godrej, managing director and chief executive at Godrej Properties.
In March, GPL raised $275 million for Godrej Residential Investment Program II (GRIP-II) to invest in residential projects. The money came from a clutch of investors with Dutch pension fund asset manager APG Asset Management NV as the lead investor. Shares of Godrej Properties Ltd closed at Rs.338.15 apiece on BSE, up 2.14% from previous close, while the exchange’s benchmark Sensex rose 0.87% to 27,009.67 points.