Godrej Properties And Godrej Fund Management Announce A Partnership For Godrej Two
Godrej Properties Limited (GPL), one of India's leading real estate developers, announced that it has diluted part of its holding in the entity which is developing Godrej Two, the under-construction Grade A commercial building located at The Trees in Vikhroli, Mumbai. Godrej Properties has entered into a deal with Godrej Fund Management (GFM) for a 50% stake in Godrej Two.
Godrej Two is located within Godrej Properties’ flagship mixed-use project, the Trees. The Trees consists of three walkable precincts connected with a vibrantly programmed public realm. The commercial precinct spread across 9.4 acres houses Godrej One, the Godrej Group’s global headquarters, a delivered asset that is a clear demonstration of the Groups’ commitment to product design and quality being central to Vikhroli’s development. Godrej Two is the second A Grade commercial building within the commercial precinct. The central mixed-use precinct, spread over 9.2 acres, will comprise of a 5-star luxury Taj hotel, cultural buildings, luxury residential, and a high street retail park. The more private and highly successful residential precinct spread across 6.7 acres houses a community of residential buildings with private parks and an iconic clubhouse facility.
Godrej Two has achieved LEED-Platinum pre-certification, the highest global rating for sustainable design. Godrej has partnered with some of the world’s most accomplished architects and engineering companies to help design and deliver Godrej Two. Godrej Two will offer approximately 1.11 lakh square meters (1.2 million square feet) of built space and will be delivered within three years.
Situated in the heart of the city, Vikhroli is well connected to all of Mumbai’s major transit points and business hubs. The Trees is just 0.1 km from the Eastern Express Highway and offers connectivity to BKC through the Santacruz-Chembur Link Road (SCLR) in just 15 minutes and to Fort through the Eastern Freeway in just 30 minutes. The future planned infrastructure in the city, including the bridge from Nava Sheva to Sewri and the proposed new airport, will further transform Vikhroli and the eastern belt of Mumbai into the city’s most desirable address.