Gaurav Pandey, MD & CEO, Godrej Properties
Actual property main Godrej Properties on Wednesday stated it has received an e-auction bid, performed by the West Bengal Housing Infrastructure Improvement Company (WBHIDCO), for a prime land parcel measuring round 5 acres at an upmarket residential locality in Kolkata.
The proposed premium residential growth is predicted to generate an estimated income potential of round ₹1,650 crore, the corporate stated in a inventory alternate submitting.
The land parcel is positioned off EM Bypass, Kolkata. The EM Bypass hall is among the many metropolis’s most well-connected and quickly growing city stretches, supported by robust bodily and social infrastructure. It hyperlinks main neighbourhoods comparable to Salt Lake, New City, Park Circus, Gariahat, and Garia, enabling seamless entry to business hubs, IT-ITeS clusters, instructional establishments, and main healthcare services throughout town.
Gaurav Pandey, MD & CEO, Godrej Properties, stated, “Kolkata’s homebuyers are more and more searching for neighbourhoods that supply robust connectivity, reliable social infrastructure, and houses aligned with evolving way of life wants. The EM Bypass micro-market displays this shift, making it an necessary location for us to deepen our presence.”
With this acquisition, the corporate endeavours to create a well-planned residential neighborhood that helps high quality dwelling, adapts to how households need to dwell at this time, and continues to ship long-term worth for its prospects, Pandey added.
Godrej Properties retained its place as India’s largest developer by the worth of residential gross sales achieved for the final monetary yr.
Printed on March 4, 2026
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