Godrej Platinum: A Premium Residential Project in Alipur

After getting encouraging response for it's first township residential project, named Godrej Prakriti, in Sodepur (Kolkata), Godrej Properties is launching a super luxury residential project called Godrej Platinum, in the neighborhood of Alipur in Kolkata by June 2013. The company also has two commercial projects in the city – Godrej Waterside and Godrej Genesis at Sector V in Salt Lake.

According to Pirojsha Godrej, Managing Director and CEO of Godrej Properties, the project will come up on an area of about 1.7 lakh sq ft entailing an estimated investment of Rs 100 crore. The project would take about 3-4 years for completion. The Alipur property will have about 40 apartments and will be targeted at the high end luxury segment. 

The Sodepur project, at an estimated investment of Rs 1,000 crore, is likely to be complete by 2016.

With demand for commercial real estate slowing down, the company is focusing more on the residential segment. The company, which is developing close to 3 million sq ft of commercial space in the city, has sold about 1 million sq ft so far. Godrej Properties has invested nearly Rs 1,000 crore on its commercial properties.

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