Godrej Properties Ltd. has announced that it has reached a deal to purchase a land lot outright in the rapidly expanding micro market of Manor, Palghar. The proposed assignment, which spans 50 acres, is expected to include 1.2 million rectangular feet of saleable space that are typically made up of residential plotted improvements.
Due to their popularity as well-known weekend destinations with historical and religious significance, Manor, Palghar, Boisar, and Wada have become well-known investment micro-markets. The Manor is a self-sufficient city with the necessary infrastructure, including several schools, universities, hospitals, and markets. The Mumbai-Ahmedabad Highway, which connects major towns in Gujarat and Maharashtra, is close to the property parcel in question. Even the station for the projected Mumbai-Ahmedabad bullet train might be located close to Manor in Boisar.
“Manor is a potential micro-marketplace for targeted improvement, and we’re happy to include this assignment in our portfolio,” stated Mohit Malhotra, MD & CEO of Godrej Properties. An increase in demand for first-class second homes has been observed post-Covid. This task will address that customer segment and strengthen our strategy for expanding GPL’s footprint throughout residential micro marketplaces. *Relating to the premise of modern business enterprises.
Godrej Properties Limited introduces the Godrej Group’s innovation, sustainability, and excellence philosophies to the real estate sector. Every Godrej Properties development integrates a 125-year history of quality and thought with a commitment to modern design, technology, and sustainability. By cost and volume of generated residential income in FY 2021, Godrej Properties became the largest developer in India. Godrej Properties has placed a strong emphasis on sustainable development. GPL pledged in 2010 that all of its trends would be third-birthday celebration-authorized green structures. The Global Real Estate Sustainability Benchmark recognized GPL as the top residential builder in the world for sustainability and ESG practices in 2020, 2021, and once again in 2022.
The Sustainable Housing Leadership Consortium, whose goal is to spread sustainable improvement techniques throughout the Indian real estate industry, including GPL as one of its founding partners in 2017. Godrej Properties has received over 300 honors and accolades in recent years, including the Porter Prize 2019, Most Trusted Real Estate Brand in the 2019 Brand Trust Report, Builder of the Year at the 2019 CNBC-Awaaz Real Estate Awards, and Best Real Estate Brand in 2018 by The Economic Times.
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