Godrej Properties Acquires 90 Acres of Land Parcel to Develop Residential Project

Godrej Properties Limited, a prominent real estate developer in India, has announced the acquisition of a significant 90-acre land parcel in Khalapur, Raigad, Maharashtra. This strategic acquisition positions the company to develop approximately 1.7 million square feet of saleable area, primarily residential plotted development.

Located near Karjat Khopoli Road, Khalapur offers a picturesque setting with well-established social and civic infrastructure. The area’s proximity to Mumbai, Navi Mumbai, and Pune, coupled with excellent connectivity via the Mumbai Trans Harbour Link and Mumbai-Pune Expressway, makes it an attractive destination for residential development.

The planned Navi Mumbai International Airport is expected to further boost the region’s accessibility and desirability, driving demand for residential properties. Godrej Properties’ acquisition aligns with the company’s strategic focus on expanding its presence in key markets and developing high-quality residential projects.

This significant land acquisition underscores Godrej Properties’ commitment to providing premium living solutions in prime locations. The company’s strong track record, coupled with the strategic value of this land parcel, positions it well for future growth and success in the Indian real estate market.

Gaurav Pandey, MD and CEO of Godrej Properties, said, “Residential plotted development has gained significant traction in recent years. Khalapur is a promising upcoming location. Hence, following the excellent response to our last development, Godrej Hillview Estate, we aim to expand our presence in the region. We will aim to build an outstanding residential community that creates long-term value for its residents.”

About Godrej Properties Limited

Godrej Properties brings the Godrej Industries Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 127-year legacy of excellence and trust with a commitment to cutting-edge design, technology, and sustainability.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.