Godrej Properties forms JV to develop 43-acre residential project in Pune.

Realty developer Godrej Properties has entered into a joint venture to develop a residential project at Keshavnagar in Pune. The project will be spread over 43 acres and offer around 2.8 million sq. ft. of saleable area, the company said in a release.

As part of the agreement, Godrej Properties will receive 35% of the profits from the project. The real estate development arm of the Godrej Group will be developing the project as a premium residential development.

ET