Godrej Properties launches Phase II of Godrej E-City in Bengaluru
The Mumbai-based real estate developer launches the second phase
of its residential project in Electronic City
Godrej Properties
Ltd. (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the
Godrej Group, today announced the launch of Phase II of Godrej E-City, its
residential project in Electronic City, Bengaluru. Phase II will consist of two
5-storey buildings with total saleable area of approximately 2 lakh sq. ft.
Customers can choose from 2, 2.5 and 3 BHK apartments, ranging from 981
sq. ft. to 1,575 sq. ft. at prices starting from about INR 42 lakhs.
The entire development is expected to have approximately 800 apartments with
about 1 million sq. ft. of space. Spread over approximately 15 acres, this
project is planned to be launched in three phases.
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 happy to launch Phase II of Godrej E-City, our residential project in
Bengaluru. We are confident that Phase II will do well after the outstanding
success of the first phase of this project, which was launched in October.
Bengaluru is a crucial market for our growth strategy and we look forward
to delivering an outstanding project to all customers at Godrej E-City.”
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 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.
For
further information please contact:
Mr. Ajay Pawar
General Manager (Corporate
Communications)
Godrej Properties Limited
Tel. - +91 022 66510218
Mobile - +91 9820286056
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