Godrej Properties Wins Bid for Group Housing Project in Kharghar

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

Godrej Properties Wins Bid for Group Housing Project in Kharghar
Real Estate News:Godrej Properties has announced that it has secured the bid to develop a group housing project in a prime location within Sector 5-A, Kharghar. According to the e-auction portal of the City and Industrial Development Corporation of Maharashtra (CIDCO), Godrej Properties will be developing this project on plots measuring 6.54 acres, with a development potential of 2 million square feet. The project is expected to generate an estimated combined revenue of Rs 3,500 crore.

The project will feature a range of premium residential apartments in various configurations, catering to different housing needs. Sector 5-A, Kharghar, is known for its excellent connectivity, with key transport hubs such as Kharghar and CBD Belapur Railway Stations, as well as metro connectivity and the Sion-Panvel Expressway. This ensures that residents will have easy access to essential amenities and major metropolitan areas.

In addition to its strategic location, the area boasts a well-developed social infrastructure, including healthcare facilities and educational institutions. The development will also offer breathtaking views of the Kharghar hills, enhancing the overall living experience for residents.

Godrej Properties, a leading real estate developer in India, has a strong reputation for delivering high-quality residential and commercial projects. The company's commitment to sustainable and innovative development practices ensures that the new housing project in Kharghar will meet the highest standards of living and environmental responsibility.

For potential homebuyers, this project represents an excellent opportunity to invest in a premium residential property in a rapidly growing area. The combination of location, connectivity, and social infrastructure makes Sector 5-A, Kharghar, an attractive choice for both first-time buyers and experienced investors.

Frequently Asked Questions

What is the size of the land for the housing project in Kharghar?

The land for the housing project in Kharghar measures 6.54 acres.

What is the estimated revenue potential of the project?

The estimated combined revenue potential of the project is Rs 3,500 crore.

What are the key transport hubs near the project location?

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.

What type of residential units will be developed in the project?

The project will feature a range of premium residential apartments in various configurations.

What social infrastructure is available in the area?

The area boasts a well-developed social infrastructure, including healthcare facilities and educational institutions.

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