Godrej to give prime 35-acre land in Mumbai for development

MUMBAI: The city's biggest landowner, Godrej Group, is set to release a prime 35-acre chunk in Vikhroli for development by the end of the year.

This could be one of the largest sprawls of unencumbered real estate coming into the market in the recent past. Most of the large industrial plots in the eastern suburbs sold to builders over the past decade have been between five and 20 acres.

According to an estimate, the Godrejs control about 4,000 acres in Vikhroli; most of it consists of a huge mangrove sprawl described by environmentalists as the best preserved mangrove park in the state. The 35-acre plot does not fall in this eco-sensitive zone.

Talking to TOI on Tuesday, Pirojsha Godrej, executive director of Godrej Properties, said a master plan is being prepared by architect Cesar Pelli for mixed-use development.