Business Update12 Aug 2024, 01:36 pm
Godrej Properties Acquires 90-Acre Land Parcel in Khalapur, Maharashtra for Residential Plotted Development
AI Summary
Godrej Properties Ltd. (GPL), a leading real estate developer in India, has acquired a 90-acre land parcel in Khalapur, Raigad, Maharashtra. The land is estimated to have a development potential of approximately 1.7 million square feet of saleable area comprising primarily of residential plotted development. The location offers well-established social and civic infrastructure, excellent connectivity to Mumbai, Navi Mumbai, and Pune, and is in proximity to the Mumbai Trans Harbour Link and the Mumbai-Pune Expressway. The planned Navi Mumbai International Airport is expected to further enhance access to Khalapur and its neighboring regions.
Key Highlights
- Godrej Properties acquires a 90-acre land parcel in Khalapur, Maharashtra for residential plotted development.
- The land has a development potential of approximately 1.7 million square feet of saleable area.
- The location offers well-established social and civic infrastructure and excellent connectivity to major cities.
- The land is in proximity to the Mumbai Trans Harbour Link and the Mumbai-Pune Expressway.
- The planned Navi Mumbai International Airport is expected to further enhance access to Khalapur and its neighboring regions.