Godrej Properties buys 89-acre land parcel in Maharashtra’s Khalapur

Godrej Properties, the real estate development arm of the Godrej Group, has entered into an agreement for outright purchase of a 89-acre land parcel in Khalapur locality of Maharashtra’s Raigad district.

The plot is located near Imagicaa Theme Park and is estimated to have a development potential of around 1.9 million sq ft of saleable area consisting primarily of residential plotted development.

“Residential plotted development has gained significant traction in recent years and Khalapur is a promising micro market in which to expand our presence in this space,” said Gaurav Pandey, MD & CEO, Godrej Properties.


Around 70 kms away from Mumbai, Khalapur has well-developed social and civic infrastructure consisting of multiple schools, health facilities, retail malls, and entertainment outlets.

The said land parcel is in proximity to the Mumbai-Pune Expressway and offers good connectivity to Mumbai, Navi Mumbai, and Pune. The proposed Navi Mumbai International Airport will further boost connectivity to Khalapur and surrounding areas.