Godrej Properties (GPL) is planning to develop a residential project at
Mohali in Punjab.
GPL has earmarked Rs 450 crore for the purpose. The proposed project may come
up on 20-25 acre. Currently, the company is holding discussions with land owners
in Mohali to form a JV for the project.
This apart, GPL is already developing a Rs 400-crore commercial project in
Chandigarh. The project to be spread over 4.04 acre with a development size of
6.8 lakh sq ft is slated to be ready by September 2011.