Godrej Properties acquires 89 acres of land parcel in Khalapur, Maharashtra

31 Jan 2023 , 09:36 AM

Godrej Properties Limited announced that it has agreed on the outright purchase of a land parcel in Maharashtra’s fast-growing micro market of Khalapur – Raigad.

The proposed project, which spans 89 acres and is located near Imagicaa Theme Park, is estimated to have a development potential of approximately 1.9 million square feet of saleable area, primarily comprised of residential plotted development.

Khalapur, located approximately 70 kilometres from Mumbai, is a scenic location with well-developed social and civic infrastructure, including numerous schools, health facilities, retail malls, and entertainment outlets.

Godrej Properties’ CEO, Gaurav Pandey stated that there has been increasing interest in residential plotted development recently, and the company plans to expand in the promising market of Khalapur. Their goal is to create a top-notch residential community that benefits its residents for a long time.

The subject property is close to the Mumbai-Pune Expressway and provides easy access to Mumbai, Navi Mumbai, and Pune. The proposed Navi Mumbai International Airport will improve connectivity to Khalapur and the surrounding areas even more.

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