Godrej Properties Ltd has entered into a development management agreement with Shivam Realty to develop a residential group housing project off the Akurli cross road at Hanuman Nagar, Kandivali East, Mumbai. The project is spread over 5 acre, offering approximately 93,000 square metre (1 million sq. ft.) of saleable area and will be developed as a modern residential development comprising of apartments of various configurations.
Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are happy to add this new project in Kandivali. This strengthens our development portfolio in Mumbai and fits with our strategy of deepening our presence in key markets across India's leading cities. We will seek to ensure this project delivers an outstanding lifestyle for its residents.”