Godrej Properties acquires 20-acre land in Mumbai to develop housing undertaking

Realty agency Godrej Properties on Wednesday stated it has agreed to amass 20 acres of land in Kalyan, Mumbai, to develop a housing undertaking.

Godrej Properties, which is an actual property arm of the enterprise conglomerate Godrej Group, stated in a regulatory submitting that it has “entered into an settlement to amass a well-located land parcel in Kalyan.”

Unfold throughout 20 acres, this undertaking will supply 15 lakh sq. ft of saleable space, comprising primarily of residential residences with a small portion of retail/industrial house, it added.

The corporate didn’t disclose the deal worth and likewise the identify of the vendor.

Kalyan is a longtime micro-market throughout the Mumbai Metropolitan Area and this web site is strategically positioned with a number of faculties, hospitals, retail and residential areas in shut proximity.

Pirojsha Godrej, Government Chairman, Godrej Properties stated, “This matches nicely with our technique of deepening our presence in key markets throughout India’s main cities”.

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