Godrej Properties : New residential project in Mangalore

Mumbai based real estate developer Godrej Properties  has announced the launch of  its new residential project in Mangalore. The 499 flat Godrej Alpine is likely to be ready for occupation in 3 years (36 months).

Mr. Pirojsha Godrej, ED, Godrej Properties said, ''There is good demand for quality residential project in Mangalore. Godrej Alpine will offer a modern and contemporary lifestyle in a green and natural environment. The company will market it for both local and NRI  population. Stating that a huge amount of Mangaloreans live in Gulf and elsewhere"'

Godrej Alpine situated at Yeyyadi on Airport Road in Mangalore, the project is spread above 4.5 acres with 3 towers of 19 floors each. Customers can choose from 2 to 3 bedroom houses, which range from 1,203 square feet to 1,695 square feet, to penthouses that range from 2,700 square feet to 3,500square feet.

The price range starts from Rs. 3,500 asquare feet.  It works out to Rs . 50 lakh  to Rs . 80 lakh for an apartment.

The construction of Godrej Alpine will be done by L&T ( Larsen & Toubro). This  project is JV (joint venture) with Fiza Developers and Infrastructure.

Mr. B. M. Farookh, MD, Fiza Developers and Infrastructure, said,'' Our company secured this land through an auction that witnessed stiff competition.  Our company convinced Godrej Properties  to come to a tier-II centre such as Mangalore. Initially, the plan was to launch the project for high-end customers. After seeing the demand for the residential space from the middle-class people here, Godrej decided to change the design. F ollowing this, the number of apartments was raised from 250 to 499"

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