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Godrej Properties gains 2% on JV with Hero Cycles for prime office development

26 November, 2018 8:06 AM
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Godrej Properties gains 2% on JV with Hero Cycles for prime office development

Godrej Properties shares gained 2 percent intraday Monday after signing joint venture agreement with Hero Cycles for prime office development in Gurgaon.

"Godrej Fund Management, the real estate private equity arm of the Godrej Group, and Godrej Properties have entered into a joint venture with Hero Cycles for their Golf Course Road property in Gurgaon," the Mumbai-based real estate company said in its filing.

The joint venture will develop, lease, and manage around 1 million square feet of prime office and retail space on the 4-acre property.

Source: moneycontrol.com

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