Godrej Properties, one of India’s prominent real estate firms, has acquired a 53-acre land parcel in Joka, Kolkata.
The company plans to develop a residential plotted project with a total saleable area of 1.3 million sq. ft. The project is estimated to generate revenue of approx. Rs 500 crore.
The land in Joka offers strategic advantages, being close to Kolkata and the popular seaside destination, Diamond Harbour. The acquisition further aligns with the company’s strategy to strengthen its presence in key cities, particularly in a rapidly growing micro-market, with the aim to deliver a high-quality project that ensures long-term value for its residents.