Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, today announced the launch of its residential project, Godrej E-City, in Electronic City Phase-1, Bengaluru.
Online PR News – 19-October-2012 – Bengaluru. – Godrej Properties launches Godrej E-City in Bengaluru
The Mumbai-based real estate developer launches a residential project in Electronic City Phase – I, Bengaluru
Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, today announced the launch of its residential project, Godrej E-City, in Electronic City Phase-1, Bengaluru. Spread over approximately 15 acres, this project will be launched in 3 phases. Phase 1 will consist of eight 5-storey buildings and offer about 280 homes across 3.6 lakh sq. ft. Customers can choose from 2, 2.5 and 3 BHK apartments, ranging from 964 sq. ft. to 1,625 sq. ft. at prices starting from about INR 37 lakhs. The entire development is expected to have approximately 800 apartments across 1 million sq. ft. of real estate.
The location offers excellent connectivity due to its close proximity to NICE Road and the Elevated Expressway on Hosur Road. Major junctions like Sarjapur / ORR and Silk board can be easily accessed through the well developed road network. Furthermore, major IT/ITes/Industrial work places like Infosys, Wipro, TCS, HCL, Bomassandra industrial area and Sipcot Industrial area, are located in the vicinity thereby making the location a vibrant economic hub for Bengaluru.
Godrej E-City will offer various amenities including a modern clubhouse, a well-equipped gymnasium, swimming pools, a health club, a conference hall, and a convenience store. Sports facilities such as an indoor squash court, a badminton court, a children’s play area and a jogging track will be provided besides indoor game facilities like table tennis and snooker.
Godrej E-City is designed on the principles of sustainability. The project will use eco-friendly material and will integrate environment-sensitive passive architectural solutions to minimize the carbon emission associated with the development. Features like electric car charging facility, rainwater harvesting, solar heating, usage of hydrogel for water conservation, low VOC paints and water efficient fixtures will be incorporated in the project design. Also, 70% of the project will be covered in landscaped gardens and open spaces.
As is the case for almost all Godrej Properties’ projects, Godrej E-City is also being developed through a partnership model. The project will be developed by Universal Builders and Godrej Properties will act as development manager.
Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are very happy to launch our fifth residential project in Bengaluru - Godrej E-City. Bengaluru is an important market for us and we look forward to the successful launch of this project.”
About Godrej Properties Ltd.:
Godrej Properties Limited (GPL) brings the Godrej Group philosophy of innovation and excellence to the real estate industry. GPL has completed several landmark projects and is currently developing significant projects in 12 cities across India. Throughout its operations, GPL aims to deliver superior value to all stakeholders through extraordinary and imaginative spaces created out of deep customer focus and insight.
GPL is listed on the Bombay Stock Exchange (BSE) and The National Stock Exchange (NSE).
GPL has received several recognitions for its processes and performance which include receiving the ‘Best Emerging National Developer’ award at the Zee Business - RICS Real Estate Awards 2011. GPL has also featured as the #1 ranked real estate developer for four consecutive years in 'India’s Best Companies to Work For’ survey conducted by ‘The Economic Times’ and ‘The Great Place To Work Institute’. GPL has been ranked #2 amongst the Top 50 companies having up to 1000 employees and has been ranked #14 in the overall list in the 2012 survey. GPL has been featured for six consecutive years as one of “India’s Top 10 Builders” by Construction World magazine.