News: Godrej-RPG mall opened in W Bengal
(ET 27/02/2006) KOLKATA - Godrej Properties on Monday made its maiden entry into West Bengal with the foundation stone laying of its Rs 175-crore shopping mall, a joint venture project with city-based RPG Group, while evincing interest in investing around Rs 200 crore in the state's IT sector soon.
Godrej Properties MD Milind Korde told reporters at the foundation laying ceremony today that the three acre shopping arcade would be developed as a joint venture with RPG Group company CESC.
"We are planning to invest in West Bengal in a bigger way with two more IT projects of around Rs 100 crore each -- one with Simoco and another with Infinity -- making for a total built-up space of 3.3 million square feet," he said.
Laying the foundation stone for the project at Park Circus, West Bengal Chief Minister Buddhadev Bhattacharjee said,"I have been pursuing Godrej for a long time to invest in West Bengal. What I could not do, RPG has done."
RPG group vice chairman Sanjiv Goenka said the although the group had its brand of hyper-market in Spencers', it has decided to join hands with Godrej as Spencers' was not into development of malls.
He said that Godrej Properties of Adi Godrej had the expertise of setting up malls and running them.
The CESC-Godrej Plaza would be completed within the next two years.
Godrej Properties MD Milind Korde told reporters at the foundation laying ceremony today that the three acre shopping arcade would be developed as a joint venture with RPG Group company CESC.
"We are planning to invest in West Bengal in a bigger way with two more IT projects of around Rs 100 crore each -- one with Simoco and another with Infinity -- making for a total built-up space of 3.3 million square feet," he said.
Laying the foundation stone for the project at Park Circus, West Bengal Chief Minister Buddhadev Bhattacharjee said,"I have been pursuing Godrej for a long time to invest in West Bengal. What I could not do, RPG has done."
RPG group vice chairman Sanjiv Goenka said the although the group had its brand of hyper-market in Spencers', it has decided to join hands with Godrej as Spencers' was not into development of malls.
He said that Godrej Properties of Adi Godrej had the expertise of setting up malls and running them.
The CESC-Godrej Plaza would be completed within the next two years.
posted by InCar Group Press Room at 21:28
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