Godrej Properties adds new housing project in Mumbai.

Realty firm Godrej Properties Ltd. recently said it has entered into an agreement with a land owner to develop an affordable housing project near Mumbai.

The project will have 1.3 million sq ft of saleable area.

'Godrej Properties has entered into a development management agreement to develop a property situated in Badlapur, Mumbai Metropolitan Region. It will be developed as an affordable housing project,' Godrej Properties said in a statement.

Godrej Properties is the real estate arm of the Godrej Group.

'We are happy to add this new project in Badlapur, which strengthens our development portfolio in Mumbai. We will seek to ensure that this project delivers an outstanding lifestyle for all its residents,' company's Managing Director & CEO, Pirojsha Godrej said.

Godrej Properties is currently developing residential, commercial and township projects spread across 103 million square feet in 12 cities.


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