Godrej Fund, Century Tie Up for Commercial Project in Bengaluru

Patricia Alphonso Dec 11, 2019 0

Godrej Fund Management, a real estate-focused private equity arm of Godrej Group, has signed a strategic partnership with Century Group to develop a commercial project in Bengaluru in a deal valued around Rs. 700 crore.

The proposed office project spread over 10 acres would be located in north Bengaluru and will have a development potential of 2-3 million square feet.

Century Real Estate Holdings, which has the largest land bank of more than 2,500 acres across Bengaluru, is targeting a commercial portfolio of seven million sq ft over the next five years, they said. It plans to build a ₹2,000-crore office platform.

Besides, it plans to look at development in the affordable segment (Rs 50-60 lakh bracket), as the real estate market remains tepid.

Biltrax Construction Data is tracking this project on their technology platform for their Clients.

For more information reach out to us at (+91) ​​90826 75827, contact@biltrax.com or visit https://www.biltrax.com/


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