Godrej Properties Acquires 6.5 Acres in Kharghar for Mega Project
Godrej Properties has secured three contiguous plots worth 3,500 INR-Crore in the prime Sector 5-A of Kharghar, Mumbai Metropolitan Region (MMR).
Godrej PropertiesKhargharMumbai Metropolitan RegionReal EstateHousing ProjectReal Estate MumbaiOct 17, 2024
The acquired plots offer a development potential of around 2 million square feet, making it a prime location for residential and commercial projects. Sector 5-A of Kharghar is known for its excellent connectivity, infrastructural development, and growing demand for quality housing.
Earlier this year, between July and September, Godrej Properties acquired six new land parcels, aiming to deliver housing projects worth an estimated 9,650 INR-Crore. These acquisitions demonstrate the company's commitment to expanding its footprint in the booming real estate market of Mumbai.
Godrej Properties has been at the forefront of India's real estate sector, known for its innovative projects and focus on sustainable development. The company has a strong presence in various cities across India and continues to strengthen its position in the MMR, which is one of the most dynamic and rapidly growing regions in the country.
The new project in Kharghar is expected to include a mix of residential units, commercial spaces, and recreational facilities, catering to the diverse needs of modern urban dwellers. With this acquisition, Godrej Properties reinforces its commitment to delivering high-quality, sustainable living solutions to its customers.
In a statement, a spokesperson for Godrej Properties said, 'We are excited about this strategic acquisition in Kharghar. The prime location and development potential make it an ideal site for our next major project. We are committed to providing our customers with world-class living experiences while contributing to the growth and development of the region.'
The project is expected to create numerous job opportunities and boost the local economy, further cementing Godrej Properties' role as a key player in the real estate market.
For more information on Godrej Properties, visit their official website or contact them at [contact details].
Frequently Asked Questions
What is the total area of land acquired by Godrej Properties in Kharghar?
Godrej Properties has acquired three adjoining plots in Kharghar, spanning a total of 6.54 acres.
What is the estimated revenue potential of the new project in Kharghar?
The new project in Kharghar is expected to have an estimated revenue potential of 3,500 INR-Crore.
Where are the plots located within Kharghar?
The plots are located in the prime Sector 5-A of Kharghar, which is known for its excellent connectivity and infrastructural development.
What other acquisitions did Godrej Properties make between July and September?
Between July and September, Godrej Properties acquired six new land parcels, aiming to deliver housing projects worth an estimated 9,650 INR-Crore.
What is the development potential of the acquired plots in Kharghar?
The acquired plots in Kharghar offer a development potential of around 2 million square feet.
Related News Articles
Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year
No Reversal on Real Estate LTCG Tweaks: Government Stands Firm
Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.
Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore
In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one
Why Pattaya is the Next Big Thing for Indian Property Investors
A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.
Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?
With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.