Godrej Gold County, 87 elite villas in 12 acres land in Chikkabidarakallu village, Bengaluru
Godrej Properties to develop Feroze Khan's Bangalore Farm in Chikkabidarakallu village as premium residential property Godrej Gold Country, 37% profit to go to Khan's actor son Fardeen and daughter Laila Khan Furniturewala
Godrej Properties has launched a Rs 100-crore residential project in Bangalore in a joint venture with actor Fardeen Khan and his sister Laila. The premium residential property, Godrej Gold County, will come up on 12-acre of a plot owned by the late Bollywood actor Feroze Khan in Chikkabidarakallu village on the outskirts of the city.
Feroze Khan, who was born in the city, had a 17 acre land in Chikkabidarakallu village on the outskirts of Bangalore with a farmhouse and a stud farm.
"The total investment in the property will be little over Rs 100 crore. We have already sold 10 per cent of the proposed villa project in Bangalore," said Mr Pirojsha Godrej, managing director and chief executive officer of Godrej Properties, the realty arm of the Godrej group. The Khan siblings will get 37 per cent of the profits from the project, which will include 87 villas costing upward of Rs 2 crore each. "The project was envisaged by my father. I may also take up building boutique projects, as I am inclined towards architecture," Fardeen Khan said. The 17-acre plot includes a stud farm and a farmhouse where Feroze Khan breathed his last. As per the terms of the deal, the 4.5-acre farmhouse will remain untouched. Godrej Properties, which is betting big on the Bangalore real estate market, plans to launch five more projects totaling 4 million sq ft over the next few months.
More details on Godrej Gold County
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