Godrej Properties to Develop Residential Project in Bangalore

Godrej Properties Ltd. (GPL) agreed to develop a residential project in the southern Indian city of Bangalore in partnership with Universal Builders, according to a stock exchange filing today.

Godrej will receive 11 percent of the project’s revenue as development manager fees, the company said.

To contact the editor responsible for this story: Niveditha Ravi at nravi2@bloomberg.net

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