Godrej Properties Expands Mumbai Presence with New Kalyan Project

Godrej Properties has announced the acquisition of a land parcel in Kalyan, Mumbai, for a new residential development. Godrej Properties has acquired 20 acre land parcel in Kalyan, Mumbai.

• Project Highlights:

  • Location: Kalyan (established micro-market within MMR)
  • Land Area: 20 acres
  • Saleable Area: Approx. 139,000 sq m (1.5 million sq ft)
  • Project Type: Primarily residential apartments with some retail/commercial space

• Strategic Location:

  • Close proximity to schools, hospitals, retail, and residential areas

• Company Strategy:

  • Aligns with Godrej Properties’ plan to expand its presence in key Indian cities

• Quote:

  • Pirojsha Godrej, Executive Chairman of Godrej Properties, expressed his satisfaction with adding this project to their portfolio, which aligns with their growth strategy.

Overall, this acquisition strengthens Godrej Properties’ position in the Mumbai market and caters to the demand for residential development in established areas like Kalyan.