Godrej Properties and Godrej Fund Management announce a partnership for Godrej Two, a commercial building at The Trees, Mumbai
Mumbai, March 19, 2018:
Godrej
Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), one of India's leading
real estate developers, announced that it has diluted part of its
holding in the entity which is developing Godrej Two, the under
construction Grade A commercial building located at The Trees in
Vikhroli, Mumbai. Godrej Properties has entered into a deal with Godrej
Fund Management (GFM) for a 50% stake in Godrej Two.
Godrej Two is located within Godrej
Properties’ flagship mixed-use project, The Trees. The Trees consists of
three walkable precincts connected with a vibrantly programmed public
realm. The commercial precinct spread across 9.4 acres houses Godrej
One, the Godrej Group’s global headquarters, a delivered asset that is a
clear demonstration of the Groups’ commitment to product design and
quality being central to Vikhroli’s development. Godrej Two is the
second A Grade commercial building within the commercial precinct. The
central mixed use precinct, spread over 9.2 acres, will comprise of a 5
star luxury Taj hotel, cultural buildings, luxury residential, and a
high street retail park. The more private and highly successful
residential precinct spread across 6.7 acres houses a community of
residential buildings with private parks and an iconic club house
facility.
Godrej Two has achieved LEED-Platinum
pre-certification, the highest global rating for sustainable design.
Godrej has partnered with some of the world’s most accomplished
architects and engineering companies to help design and deliver Godrej
Two. Godrej Two will offer approximately 1.11 lakh square meters (1.2
million square feet) of built space and will be delivered within three years.
Situated in the heart of the city,
Vikhroli is well connected to all of Mumbai’s major transit points and
business hubs. The Trees is just 0.1 kms from the Eastern Express
Highway and offers connectivity to BKC through the Santacruz-Chembur
Link Road (SCLR) in just 15 minutes and to Fort through the Eastern
Freeway in just 30 minutes. The future planned infrastructure in the
city, including the bridge from Nava Sheva to Sewri and the proposed new
airport, will further transform Vikhroli and the eastern belt of Mumbai
into the city’s most desirable address.
Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited,
said, “We are committed to ensuring that The Trees is developed to the
highest of standards and believe this is an important milestone in that
journey. We look forward to doing our best to deliver an outstanding
and highly successful project.”
About Godrej Properties
Godrej Properties brings the Godrej Group
philosophy of innovation, sustainability, and excellence to the real
estate industry. Each Godrej Properties development combines a 121–year
legacy of excellence and trust with a commitment to cutting-edge design
and technology. Godrej Properties is currently developing residential,
commercial and township projects spread across approximately 14 million
square meters (151 million square feet) in 12 cities.
In the last 3 years, Godrej Properties has
received over 200 awards and recognitions, including the “Real Estate
Company Of The Year” at the Construction Week India Awards 2015, ‘Golden
Peacock Award for Sustainability’ for the year 2015 by Institute Of
Directors (IOD), “Most Reliable Builder for 2014" at the CNBC AWAAZ Real
Estate Awards 2014, “Innovation Leader in Real Estate” award at the
NDTV Property Awards 2014 and “Popular Choice - Developer of the Year”
award by ET NOW in 2013.
About Godrej Fund Management
Godrej Fund Management (GFM) is a wholly
owned subsidiary of Godrej Investment Advisers and the private equity
real estate arm of the Godrej Group. GFM manages over US$ 1 Billion of
capital across four funds. GFM brings the Godrej Group philosophy of
governance, innovation, sustainability and excellence to the private
equity real estate industry.
For further information please contact:
Ms. Karishma Rane
Assistant Account Manager, Tech & B2B Senior Account Executive
Adfactors PR
Tel no: +91 022 22 67574334
Mobile: +91 88792 00069
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