Godrej Properties Limited has successfully secured a prime land parcel in Kolkata, marking another strategic acquisition in the eastern Indian real estate market. The company won the bid for approximately 5 acres of land located off EM Bypass through an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO).

Acquisition Details

The land acquisition represents a significant investment opportunity for the real estate developer, with the proposed premium residential development expected to offer substantial revenue potential.

*Based on current business assumptions

Strategic Location Advantages

The EM Bypass corridor represents one of Kolkata's most well-connected and rapidly developing urban areas. The location offers exceptional connectivity advantages that make it highly attractive for residential development:

• Neighborhood Connectivity: Links major areas including Salt Lake, New Town, Park Circus, Gariahat, and Garia
• Infrastructure: Supported by strong physical and social infrastructure
• Transportation: Multiple flyovers and arterial connectors enhance accessibility
• Future Connectivity: Proximity to the under-construction Garia-Airport metro line
• Airport Access: Convenient road connectivity to Netaji Subhas Chandra Bose International Airport

The corridor provides seamless access to commercial hubs, IT-ITeS clusters, educational institutions, and leading healthcare facilities across the city, positioning it as one of Kolkata's most desirable and future-ready micro markets.

Management Commentary

Gaurav Pandey, MD & CEO of Godrej Properties, emphasized the strategic importance of the acquisition: "Kolkata's homebuyers are increasingly seeking neighbourhoods that offer strong connectivity, dependable social infrastructure, and homes aligned with evolving lifestyle needs. The EM Bypass micro-market reflects this shift, making it an important location for us to deepen our presence."

The company aims to create a well-planned residential community that supports quality living while adapting to contemporary family lifestyle requirements and delivering long-term value for customers.

Company Background

Godrej Properties brings the Godrej Industries Group's legacy of excellence and trust to the real estate sector, combining innovation, sustainability, and cutting-edge design with technology. The company has received significant recognition for its sustainability practices and maintains its position as a leading developer in India's residential real estate market.

The company has been consistently ranked among top performers globally by various sustainability benchmarks and continues to focus on creating value for customers through well-planned residential communities.

Godrej Properties Ltd. announced on February 23, 2026, that it has entered into a joint development agreement to develop an approximately 18-acre land parcel in Thane, Mumbai. The proposed development represents a significant addition to the company's portfolio with an estimated revenue potential of over INR 7,500 crore.

Project Details and Location

The land parcel is strategically located in an established micro-market of Thane, offering excellent connectivity to both existing and upcoming infrastructure developments. The project will be a largely residential development, marking Godrej Properties' fourth venture in the Thane region.

Infrastructure and Connectivity

The development benefits from strategic positioning with access to multiple transportation corridors. Key connectivity features include the Thane–Wadala Metro and the Thane–Borivali twin-tube tunnel, providing seamless access across the Mumbai Metropolitan Region.

Future infrastructure developments are expected to further enhance the location's appeal:

• Thane Coastal Road
• Mumbai–Ahmedabad Bullet Train with dedicated Thane station
• Multiple proposed metro corridors

These connectivity catalysts are anticipated to significantly reduce travel times and improve access to major residential, commercial, and employment hubs across the region.

Management Commentary

Gaurav Pandey, MD & CEO of Godrej Properties, emphasized the strategic importance of the acquisition. "Strategic expansions in high-potential micro-markets are central to our growth strategy and our focus on creating enduring value for homebuyers," Pandey stated. He highlighted that Thane has evolved into one of MMR's most attractive locations, offering a strong mix of public spaces and lifestyle amenities.

Pandey noted that the large format of the land will enable a well-planned integrated residential development, aligning with the company's commitment to building communities that respond to evolving customer needs while contributing meaningfully to their cities.

Market Position and Recognition

Godrej Properties maintains its position as a leading real estate developer in India. In FY 2025, the company retained its status as India's largest developer by the value of residential sales achieved. The company has received recognition for its sustainability practices, with the Global Real Estate Sustainability Benchmark ranking it #1 globally amongst listed residential developers in 2020, 2021, 2022, and 2025.

The company has also achieved top ranking in the Real Estate and Management sector on the S&P Global's Dow Jones best in class indices as of December 31st, 2025. In recent years, Godrej Properties has received over 500 awards and recognitions across various categories in the real estate sector.