There is a new
collaboration, associated under the zone of Godrej properties, related with the
genre of M S Ramaiah Group. The main aim is to build a 100 acre township in the
Bangalore region. As per the latest news result, it has been found out that the
Godrej property, which is a Mumbai based marketing zone, has already partnered
with the M S Group Ramaiah family members in order to deal with the 100 acre
township, which is going to be situated in the North Bangalore. This source of
news was first provided by the sources, related with the developmental field.
The profitable share
agreement is going to be based on the 50:50 ratio zones, which will surely give
rise to a new professional relationship. Moreover, depending on the ratio
share, the project is also going to come across some reliable development,
associated with the 10 million square feet, associated with the residential
space. Some of the areas, which deserve special mention, are villas,
apartments, and plotted developments and there are more to be added, in the
list. According to the sources and their information to TOI, the project is
surely going to generate a lump sum amount of profitable deals, which can be
more than 1000 crore, for a start.
The Godrej property
also informed the zone of the stock exchange, related with the township, but it
did not give any valid details of the local land partners, which are yet to be
focused here. Among so many areas, which have emerged as the hotspot zone of
township developments, you might think of taking help of Bellary Road, mostly
in the Devanahalli Suburb. The importance of growing popularity can be defined
as none other than the availability of the land patches. Moreover, it has also
been found out that Brigade Enterprises has already launched a township project
of 130 acres in the township area. On the other hand, the Ozone Group is also
going to develop the field of 158 acres of the township region.
Founded by none other
than M S Ramaiah, the M S Ramaiah Group is planning to own a lump sum amount of
land of 400 acres, which is quite close to the Kempegowda International
Airport, located in Bengaluru. According to a spokesperson, “One or maximum two
family members of the M S Ramaiah Group have joined established a friendly
relationship with the Godrej family. Moreover, the members are also dealing
with other developers in order to monetize the land holdings in this particular
area.
According to the
Managing Director of Godrej Properties, Pirojsha Godrej, this collaboration can
be stated as the third township specter of the company. The other two are
located in the Mumbai and Ahmadabad regions. Godrej is presently developing 95
million square feet commercial and residential space, across 12 areas or cities
in India.
