Godrej Properties, the real estate development arm of the Godrej Group, informed the BSE that the company has added a new project to its portfolio located off Ghodbunder Road in Thane.

Godrej Properties would be developing a housing project with a development potential in excess of 1 million sq ft.

The company's strategy is to partner land owners for the development of the project.

Godrej Properties is developing residential, commercial and township projects spread across 111 million square feet in 12 cities.

The company's stock rose by 2.25 percent to close at Rs 318.75 on the BSE.

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