Godrej Properties launches Phase II of Godrej Summit in Gurgaon

Nov. 9, 2012 - PRLog -- PRESS RELEASE

Godrej Properties launches Phase II of Godrej Summit in Gurgaon

The Mumbai-based real estate developer launches the second phase of its successful project

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 its residential project, Godrej Summit, near Dwarka Expressway, in Sector 104, Gurgaon. The new phase consists of a total saleable area of around 1.7 lakh sq. ft. Customers can choose from 2, 3, 4 BHK, and penthouse apartments ranging in size from 1,269 sq. ft. to 2,692 sq. ft.

The location offers excellent connectivity and is close to the proposed 150 m wide Dwarka Expressway, which is currently under construction. The site is strategically located in the high growth corridor of Gurgaon urban area and is also well connected to the Airport, Railway Station, NH8 and Gurgaon Central Business District.

Godrej Summit will offer various amenities including a modern community centre, a well-equipped gymnasium, swimming pools, meditation/yoga arenas and a café. Sports facilities such as an indoor squash court, a tennis court, a badminton court, a multipurpose court, a jogging track and a skating rink will also be part of the project. Customers will benefit from a nursery and primary schools as well as retail spaces planned within the project.        

Godrej Summit is designed on the principle of sustainability. GPL will use eco-friendly material and will integrate environment-sensitive passive architectural solutions to minimize the carbon emission associated with the development. Features like rainwater harvesting and solar heating and lighting will be incorporated in the project design. Furthermore, 80% of the project will be covered in landscaped gardens and open spaces.

Godrej Summit is a joint development project, which Godrej Properties is developing in partnership with Zara Sanya.

Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are very excited to launch Phase II of Godrej Summit.  Phase I witnessed an overwhelming response with the entire inventory of over 1 million sq. ft being sold out in a single day.  NCR is a crucial market for Godrej Properties and we look forward to delivering outstanding homes for all our customers at Godrej Summit.”

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 significant 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.

For further information please contact:

Mr. Ajay Pawar

General Manager (Corporate Communications)

Godrej Properties Limited

Tel. - +91 022 66510218

Mobile - +91 9820286056

Fax - +91 022 22072044