Godrej Properties Expands Presence in Kolkata with 53-Acre Land Acquisition in Joka

Kolkata, December 2024 — Godrej Properties Kolkata is making significant strides in the real estate sector with the acquisition of a 53-acre land parcel in Joka, a rapidly growing area in the city. The move strengthens the company’s foothold in the region and aligns with its vision to provide top-tier residential options to homeowners.

Strategic Location in Joka for Godrej Properties

Godrej Properties has acquired this expansive land parcel in the prime locality of Joka, located near Kolkata and the scenic Diamond Harbour. The strategic location offers immense potential for growth due to its proximity to the city’s center and popular waterfront areas. With growing infrastructure and connectivity, Joka is becoming a preferred destination for real estate development, and Godrej Properties Kolkata aims to capitalize on this trend.

Residential Plotted Project to Boost Revenue

The company plans to develop a residential plotted project on the 53-acre land with an impressive total saleable area of 1.3 million square feet. The project is expected to generate a revenue of approximately INR 500 crore, showcasing the potential of the location and Godrej Properties' expertise in creating quality real estate developments.

Vision for Long-Term Value and Growth

This acquisition aligns with Godrej Properties' broader strategy to expand its presence in key cities like Kolkata. The company is focused on tapping into high-growth micro-markets, ensuring that each development not only offers modern amenities but also delivers long-term value for its residents. By focusing on quality and sustainable growth, Godrej Properties is committed to enhancing the living experience of homebuyers in Kolkata.

Conclusion: A Strong Future for Godrej Properties Kolkata

The acquisition of land in Joka is a significant step forward for Godrej Properties Kolkata, as the company continues to push forward with ambitious plans for residential developments. The 53-acre project promises to be one of the largest in the area, offering both luxury and value to prospective homebuyers.

Highlights:

• Godrej Properties acquires 53-acre land in Joka, Kolkata for residential development.
• The project will have a saleable area of 1.3 million sq. ft. and generate revenue of INR 500 crore.
• Joka's proximity to Kolkata city center and Diamond Harbour boosts its appeal.
• The development aligns with Godrej Properties' strategy to focus on high-growth micro-markets.
• The project promises long-term value and quality living for future residents.

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