Godrej Properties to Develop 6.54 Acres of Prime Land in Kharghar, Navi Mumbai
Godrej Properties Ltd (GPL) has won the bid to develop a 6.54-acre premium land in Sector 5-A, Kharghar, with plans to create a high-end residential community.
Godrej PropertiesKhargharReal EstateNavi MumbaiResidential CommunityReal Estate MumbaiOct 16, 2024
Sector 5-A, Kharghar, is strategically located and enjoys excellent connectivity with key transport hubs, including Kharghar and CBD-Belapur Railway Stations, as well as the Sion-Panvel Expressway. The area is also well-connected via metro and is in proximity to the Kharghar residential node, offering a well-developed social infrastructure with healthcare facilities and educational institutions. The development will feature stunning views of the Kharghar hills, enhancing the overall living experience for its residents.
Gaurav Pandey, MD & CEO of Godrej Properties, commented, 'Our entry into the Kharghar micro-market aligns well with our strategy of strengthening our portfolio across key real estate markets in India. We are committed to building an outstanding residential community that will create long-term value for its residents.'
In the latest operational updates for the July-September quarter, Godrej Properties has added eight new land parcels in the first six months of the fiscal year. These parcels have a total estimated saleable area of about 11 million square feet and a total estimated booking value potential of around Rs 12,650 crore. In the second quarter alone, the company added six new land parcels with an expected booking value of Rs 9,650 crore.
During the April-September period of this fiscal year, Godrej Properties' sales booking value grew by 89% annually to over Rs 13,800 crore. This marks the highest-ever booking value achieved by Godrej Properties during the first half of a fiscal year, reflecting the company's strong market position and growth trajectory.
Godrej Properties is known for its commitment to quality and innovation, and the new project in Kharghar is expected to set new benchmarks in the real estate sector. The company’s focus on sustainable and smart living solutions will be a key highlight of the development, ensuring that residents enjoy a high standard of living in a well-connected and well-equipped community.
Frequently Asked Questions
What is the size of the land Godrej Properties has won in Kharghar?
Godrej Properties has won a 6.54-acre plot in Sector 5-A, Kharghar.
What is the estimated revenue potential of the project?
The project is estimated to generate a combined revenue potential of Rs 3,500 crore.
What are the key features of the location in Sector 5-A, Kharghar?
Sector 5-A, Kharghar, offers excellent connectivity with key transport hubs, including Kharghar and CBD-Belapur Railway Stations, metro connectivity, and the Sion-Panvel Expressway. It is also in proximity to the Kharghar residential node and boasts a well-developed social infrastructure with healthcare facilities and educational institutions.
Who is the CEO of Godrej Properties?
Gaurav Pandey is the MD & CEO of Godrej Properties.
What is the sales booking value growth of Godrej Properties during the April-September period of this fiscal year?
Godrej Properties' sales booking value grew by 89% annually to over Rs 13,800 crore during the April-September period of this fiscal year.
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