Godrej Properties to develop 59-acre residential project in Pune

The real estate firm of the Godrej group, Godrej Properties has entered a partnership to develop a residential project on around 59 acres at Mamurdi in Pune. The project will offer nearly 4.5 million sq ft of saleable area, the company said in a release. 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. 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. The company has recently added two new projects in Bengaluru. It generally ties up with land owners to develop real estate projects.