Godrej Properties rose 3% after it’s announcement on Joint Venture with TDI group in Delhi
- ByStartupStory | December 6, 2021
Following the announcement of a Joint Venture of of Godrej Properties with TDI Group to develop residential project of 125,000 sqft in New Delhi, the shares of the company rose almost 3% in an early trade in December 6th. “Godrej Properties has entered into a joint venture with TDI group to develop an ultra-luxury residential project in Connaught Place, one of the most premium locations within the Central Business District of New Delhi,” the company said in a statement.
The site is centrally located and is supposed to offer excellent connectivity, well developed social and civic infrastructure with Delhi’s best schools, hospitals, retail and commercial spaces in close proximity.
MD and CEO of Godrej Properties said,“As we continue to strengthen our presence in Delhi, we are happy to add this project in one of downtown Delhi’s most desirable locations. This will be our third project in Delhi and further expands our presence across India’s leading cities,” said Mohit Malhotra, MD & CEO, Godrej Properties.”
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