Godrej Properties Expands Presence in Maharashtra with 90-Acre Land Acquisition in Khalapur
Khalapur, strategically located near Karjat Khopoli Road, offers excellent connectivity to Mumbai, Navi Mumbai, and Pune, making it an attractive location for residential development.
Godrej PropertiesKhalapurMaharashtraResidential DevelopmentPlotted DevelopmentReal Estate MumbaiAug 12, 2024
The acquired land is strategically located near Karjat Khopoli Road, offering excellent connectivity to major urban centres, including Mumbai, Navi Mumbai, and Pune. The upcoming Navi Mumbai International Airport is expected to further improve access to Khalapur and its surrounding areas, enhancing the appeal of this location for future residents.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, highlighted the growing demand for residential plotted developments and emphasized the promise of Khalapur as an emerging location.
Frequently Asked Questions
Where is the 90-acre land parcel acquired by Godrej Properties located?
The land parcel is located in Khalapur, Raigad, Maharashtra.
What is the development potential of the acquired land?
The acquired land has a development potential of approximately 1.7 million square feet of saleable area.
What type of development will the project focus on?
The project will primarily focus on residential plotted development.
How is Khalapur connected to major urban centres?
Khalapur is well-connected to major urban centres, including Mumbai, Navi Mumbai, and Pune, via the Mumbai Trans Harbour Link and the Mumbai-Pune Expressway.
What is the total bid value of the two land parcels acquired by Godrej Properties in the e-auction?
The total bid value of the two land parcels is?842 crore.
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