Godrej Properties Limited (GPL) has announced its acquisition of a prime 5-acre land parcel located off EM Bypass in Kolkata, through an e-auction by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO). The proposed premium residential development on this land is estimated to have a revenue potential of approximately ₹1,650 crore. The EM Bypass corridor is a rapidly developing and well-connected area in Kolkata, offering robust physical and social infrastructure. Its strategic location provides seamless access to key commercial hubs, educational institutions, and healthcare facilities, further enhanced by ongoing metro line developments and proximity to the international airport. Gaurav Pandey, MD & CEO of Godrej Properties, expressed optimism about the acquisition, stating that the EM Bypass micro-market aligns with the evolving lifestyle needs and preferences of homebuyers. He emphasized the company's commitment to creating a well-planned residential community that delivers long-term value. Godrej Properties, known for its commitment to innovation, sustainability, and excellence, has a strong legacy in the real estate sector. The company has consistently been recognized for its sustainable development practices and has received numerous awards for its contributions to the real estate industry.
