Godrej Properties has emerged as the highest bidder to develop a group housing project in Sector 5-A, Kharghar, offering a premium location with excellent connectivity and social infrastructure.
Godrej PropertiesKhargharGroup HousingReal EstatePremium ResidentialReal Estate NewsOct 16, 2024
The land for the housing project in Kharghar measures 6.54 acres.
The estimated combined revenue potential of the project is Rs 3,500 crore.
The project is near key transport hubs such as Kharghar and CBD Belapur Railway Stations, as well as the Sion-Panvel Expressway and metro connectivity.
The project will feature a range of premium residential apartments in various configurations.
The area boasts a well-developed social infrastructure, including healthcare facilities and educational institutions.
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The Maharashtra Real Estate Regulatory Authority has made it mandatory for developers to open three separate bank accounts for each project, ensuring financial discipline and transparency in the real estate sector.
Despite a slight dip in sentiment scores, the real estate sector remains optimistic, driven by growth in residential and office markets.
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