Godrej Properties Wins Bid for a ~ 5-Acre Land Parcel off EM Bypass, Kolkata with Estimated Revenue Potential of INR 1,650 Crore

Godrej Properties Limited (GPL) has won the bid in an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) for a prime land parcel measuring ~ 5 acres, located off EM Bypass, Kolkata. The proposed premium residential development is expected to offer an estimated revenue potential of approximately INR 1,650 crore. The EM Bypass corridor is one of Kolkata’s most well-connected and rapidly developing urban stretches, supported by strong physical and social infrastructure. Gaurav Pandey, MD & CEO, Godrej Properties, said: ‘Kolkata’s homebuyers are increasingly seeking neighbourhoods that offer strong connectivity, dependable social infrastructure, and homes aligned with evolving lifestyle needs. The EM Bypass micro-market reflects this shift, making it an important location for us to deepen our presence. With this acquisition, we endeavour to create a well-planned residential community that supports quality living, adapts to how families want to live today, and continues to deliver long-term value for our customers.’