New Launches
Godrej Properties acquires land for luxury project at Carmichael Road, Mumbai


New Delhi, August 1, 2022: Godrej Properties Ltd. (GPL), on Monday announced that it has acquired a land parcel to develop a luxury project near Carmichael Road, an upmarket residential area in Mumbai.
Spread across approximately 0.5 acres, the land was purchased from the Karam Chand Thapar (KCT) group.


Mohit Malhotra, MD & CEO, Godrej Properties, said, “We are pleased to add this project at a marquee location to our portfolio. The demand for luxury realty has been strong over the past few years and this location affords us the opportunity to create a landmark boutique luxury residential development.”


Varun Thapar, Vice Chairman and Executive Director – KCT Group, said, “Indian City Properties Ltd., the real estate arm of the KCT Group, has owned this prime land asset in South Mumbai for nearly seven decades. It was important for us to select a buyer with whom we found an alignment of values and corporate ethos. We are happy to have successfully concluded this transaction with Godrej Properties”.
-
News4 weeks ago
Real estate expected to remain buoyant in 2023; demand, prices to continue moving northward, say industry bigwigs
-
News4 weeks ago
Premium residential values soar across Mumbai, Bengaluru, Delhi-NCR in 2022, says a report by Savills India
-
Guest Column3 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column3 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column3 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column3 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills
-
Guest Column3 weeks ago
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
-
Guest Column3 weeks ago
Propdial in talks to raise Rs 25 Crore