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.