Godrej Properties Secures 6.54 Acres in Kharghar for Sustainable Development
Godrej Properties Ltd (GPL) has recently acquired three contiguous land parcels totaling 6.54 acres in Kharghar, Navi Mumbai, on a 60-year lease for Rs 7.17 crore. This strategic move aligns with the company's commitment to sustainable development and expanding its footprint in the bustling real estate market of Navi Mumbai.
Godrej PropertiesKhargharNavi MumbaiSustainable DevelopmentReal EstateReal Estate MumbaiMar 28, 2025
Kharghar, a part of the Navi Mumbai region, has been experiencing rapid urbanization and economic growth, making it an attractive destination for both residential and commercial projects. The strategic location of the acquired land is expected to provide a strong foundation for Godrej Properties to develop high-quality, sustainable living spaces that cater to the growing demand in the area.
Pankaj Jalote, Managing Director and CEO of Godrej Properties, expressed his enthusiasm about the acquisition. 'This is a significant step in our ongoing strategy to expand our presence in key growth markets. Kharghar's potential is immense, and we are committed to leveraging our expertise to create developments that not only meet the needs of our customers but also contribute positively to the community and environment,' he said.
The acquisition is in line with Godrej Properties' mission to develop projects that are environmentally friendly and socially responsible. The company has a track record of incorporating green building practices, energy efficiency, and community engagement in its projects. By choosing Kharghar, Godrej Properties aims to set a new benchmark for sustainable development in the region.
Navi Mumbai, known for its well-planned infrastructure and proximity to Mumbai, is rapidly becoming a preferred location for families and professionals. The area offers a balanced mix of residential, commercial, and recreational spaces, making it an ideal choice for those looking to live in a modern, well-connected city. The acquisition of land in Kharghar is expected to further boost the region's growth and attract more investments.
In recent years, Godrej Properties has been actively expanding its portfolio across various cities in India. The company's focus on sustainability, innovation, and customer satisfaction has earned it a strong reputation in the industry. The Kharghar project is likely to be another feather in the cap for Godrej Properties, as it continues to meet the growing demand for high-quality living spaces while adhering to its core values.
Kharghar, with its well-developed infrastructure, connectivity, and growing population, is poised to become a major hub for real estate development. The acquisition by Godrej Properties is a testament to the region's potential and the company's strategic vision. As the project progresses, residents and investors in Navi Mumbai can look forward to a new wave of sustainable and innovative developments that will enhance the quality of life and contribute to the region's overall growth.
Godrej Properties, a flagship company of the Godrej Group, is known for its commitment to excellence and innovation in the real estate sector. With a strong presence across multiple cities, the company has established itself as a leader in sustainable and customer-centric development. The acquisition in Kharghar is another step towards fulfilling its mission to create living spaces that are not only beautiful but also responsible and sustainable.
Frequently Asked Questions
What is the total area of land acquired by Godrej Properties in Kharghar?
Godrej Properties has acquired three contiguous land parcels totaling 6.54 acres in Kharghar, Navi Mumbai.
How much did Godrej Properties pay for the land acquisition in Kharghar?
Godrej Properties paid Rs 7.17 crore for the land acquisition in Kharghar, which is on a 60-year lease.
Why did Godrej Properties choose Kharghar for this acquisition?
Kharghar, a part of Navi Mumbai, is experiencing rapid urbanization and economic growth. Its strategic location and potential make it an ideal destination for both residential and commercial projects.
What is Godrej Properties' commitment to sustainability?
Godrej Properties is committed to developing projects that are environmentally friendly, energy-efficient, and socially responsible. They incorporate green building practices and community engagement in their projects.
How does this acquisition fit into Godrej Properties' overall strategy?
This acquisition aligns with Godrej Properties' strategy to expand its presence in key growth markets and to continue developing high-quality, sustainable living spaces that meet the needs of customers and contribute positively to the community and environment.
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