Godrej Properties purchases R.K. Studios’ land in Chembur, Mumbai

The Mumbai-based real estate developer will develop a mixed-use project at
the iconic location
Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), one of India’s
leading real estate developers, today announced the addition of a new project
in Chembur, Mumbai. Spread across 2.2 acres, this project will offer
approximately 33,000 square meters (approximately 0.35 million square feet)
of saleable area comprising modern residential apartments of various
configurations as well as a luxury retail experience.
The site is strategically located on the main Sion-Panvel Road and offers an
extremely well developed social and civic infrastructure with multiple schools,
hospitals, retail malls, residential, and commercial spaces in close proximity.
Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties said, “We are
happy to add this iconic site in Chembur to our development portfolio. This fits
well with our strategy of deepening our presence in key locations across India’s
leading cities. We will seek to ensure we celebrate the remarkable legacy of
this site with the goal of delivering an outstanding lifestyle for its residents.”
Mr. Randhir Kapoor, R.K. Studios said, “This property in Chembur has been
of tremendous significance to my family over the many decades that R.K.
Studios has operated from there. We are excited to have chosen Godrej
Properties to script a new chapter for this location and build upon its rich
history.”
About Godrej Properties Ltd.
Godrej Properties brings the Godrej Group philosophy of innovation,
sustainability, and excellence to the real estate industry. Each Godrej
Properties development combines a 122–year legacy of excellence and trust
with a commitment to cutting-edge design and technology.
In recent years, Godrej Properties has received over 200 awards and
recognitions, including ‘The Economic Times Best Real Estate Brand 2018’,
‘Builder of the Year’ at the CNBC-Awaaz Real Estate Awards 2018, ‘Real Estate
Company of the Year’ at the 8th Annual Construction Week India Awards 2018,
India’s Top Builders 2018 at the Construction World Architect and Builder
(CWAB) AWARDS 2018 and the Golden Peacock National Quality Award –
2017 at the Institute Of Directors 27th World Congress on Business Excellence.