Godrej Properties Won a 5-acre Plot of Land at the EM Bypass in Kolkata

News Desk, News Nation 360 : Godrej Properties Limited (GPL) has won a prime five-acre plot on the EM Bypass in Kolkata through e-auction conducted by WBHIDCO, marking its foray into the luxury residential segment in the city. The plot, intended for a luxury housing project, has the potential of earning the company an estimated revenue of Rs 1,650 crore. Situated in one of the most premium micro-markets in Kolkata, the plot offers easy access to key areas like Salt Lake, New Town, and the upcoming metro line connecting Garia and Airport. According to Gaurav Pandey, MD and CEO, Godrej Properties, the company has developed this project keeping in mind the lifestyle and preferences of people in Kolkata, who require strong social infrastructure and locations of the future. This plot marks a significant expansion for Godrej Properties in Eastern India, adding to its already increasing portfolio of high-end projects across the country. The company aims to capitalise on the physical and social attributes of the EM Bypass corridor to create long-term value and high-quality living spaces for its consumers. This move marks Godrej Properties' plans to strengthen its presence in high-growth Tier 1 cities.

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