Godrej Properties, the real estate development arm of Godrej Industries Group, has acquired a nearly 90-acre land parcel in Khalapur locality of Raigad district in Maharashtra.
The land is located near Karjat Khopoli Road and is estimated to have a development potential of around 1.7 million sq ft of saleable area consisting primarily of residential plotted development, the company said.
“Residential plotted development has gained significant traction in recent years. Khalapur is a promising upcoming location,” said Gaurav Pandey, MD & CEO, Godrej Properties.
The plot is located about 70 kilometres from Mumbai and the proposed Navi Mumbai International Airport is expected to enhance access to Khalapur and its neighbouring regions.
