Godrej Properties Buys 90 Acres Land in Khalapur

Mumbai, August 12, 2024: Godrej Properties Ltd. (GPL) on Wednesday announced that it has acquired a ~90-acre land parcel in Khalapur – Raigad, Maharashtra.

The land is located near Karjat Khopoli Road and is estimated to have a development potential of approximately 1.7 million square feet of saleable area comprising primarily of residential plotted development.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Residential plotted development has gained significant traction in recent years. Khalapur is a promising upcoming location. Hence following the excellent response to our last development, Godrej Hillview Estate, we aim to expand our presence in the region. We will aim to build an outstanding residential community that creates long-term value for its residents.”

Khalapur is located about 70 kilometres from Mumbai.