Godrej Properties to Develop Premium Group Housing Project in Kharghar, Mumbai
Godrej Properties Ltd., one of India’s leading real estate developers, has emerged as the highest bidder to develop a group housing project in Sector 5-A of Kharghar, Mumbai. According to the e-auction portal of the City and Industrial Development Corporation of Maharashtra (CIDCO), the plots measuring 6.54 acres will provide a development potential of approximately 2 million square feet. These plots will house premium residential apartments of varied configurations, offering an estimated combined revenue potential of around INR 3,500 crore.
Prime Location and Excellent Connectivity
Sector 5-A, Kharghar, which will serve as the site of this upcoming development, boasts of a prime location with excellent connectivity. The area enjoys easy access to key transport hubs, including Kharghar and CBD Belapur Railway Stations. Additionally, it is conveniently connected to the metro network and is nestled near the Sion-Panvel Expressway. This makes it easily accessible to residents and ensures hassle-free traveling options.
Robust Infrastructure and Surrounding Amenities
Kharghar, as a residential node, is known for its well-developed social infrastructure. The area is brimming with healthcare facilities and educational institutions that cater to the needs of the local population. With this new development, residents will not only benefit from the premium amenities offered within the project but also have easy access to the existing facilities nearby.
Enhanced Views and Opportunities for Long-Term Value
One of the standout features of this project will be its amazing views of the picturesque Kharghar hills. The scenic beauty combined with its convenient location and infrastructure will make this an attractive proposition for buyers looking for premium housing options.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his excitement about entering the Kharghar micro-market. This strategic move aligns with the company’s overall goal of strengthening its portfolio across key real estate markets in India. The company aims to create an outstanding residential community that not only provides luxury living but also ensures long-term value for its residents.
In conclusion, Godrej Properties’ winning bid to develop a group housing project in Kharghar, Mumbai highlights their expertise and commitment in delivering premium real estate solutions. This development offers a prime location, excellent connectivity, robust infrastructure, and stunning views. As Godrej Properties continues to expand its presence in India’s key real estate markets, this project demonstrates its focus on providing top-notch residential communities that meet the evolving needs of homebuyers.
