{"id":5077,"date":"2024-11-20T10:39:32","date_gmt":"2024-11-20T05:09:32","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5077"},"modified":"2024-11-20T10:39:34","modified_gmt":"2024-11-20T05:09:34","slug":"godrej-properties-acquires-53-acre-plot-in-kolkatas-joka-eyes-%e2%82%b9500-crore-revenue","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/godrej-properties-acquires-53-acre-plot-in-kolkatas-joka-eyes-%e2%82%b9500-crore-revenue\/","title":{"rendered":"Godrej Properties Acquires 53-Acre Plot in Kolkata&#8217;s Joka, Eyes \u20b9500 Crore Revenue"},"content":{"rendered":"\n<p>Godrej Properties has expanded its footprint in Kolkata by acquiring a <strong>53-acre land parcel<\/strong> in the fast-growing Joka micro-market. The company plans to develop <strong>residential plots<\/strong> on this site, targeting an estimated <strong>\u20b9500 crore in revenue<\/strong>, the company announced on <strong>November 20, 2024<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Project Highlights<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Development Potential<\/strong>: The project will offer around <strong>1.3 million square feet<\/strong> of saleable area, primarily for residential plotted development.<\/li>\n\n\n\n<li><strong>Revenue Projection<\/strong>: Expected to generate \u20b9500 crore from the development.<\/li>\n\n\n\n<li><strong>Strategic Location<\/strong>: Joka, situated near <strong>Diamond Harbour<\/strong>, is a prime location offering a blend of urban and seaside lifestyles.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Statement from Leadership<\/h3>\n\n\n\n<p>Gaurav Pandey, MD &amp; CEO of Godrej Properties, stated,<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This acquisition strengthens our presence in key cities. We aim to create an exceptional plotted development project in Joka that provides long-term value for residents.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Why Joka?<\/h3>\n\n\n\n<p>Joka has emerged as a sought-after residential hub due to its:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Proximity to <strong>IIM-Calcutta<\/strong>, a key educational landmark.<\/li>\n\n\n\n<li>Enhanced connectivity via <strong>Kolkata Metro Line 3<\/strong>.<\/li>\n\n\n\n<li>Close location to <strong>Diamond Harbour<\/strong>, a popular weekend destination.<\/li>\n<\/ul>\n\n\n\n<p>The area\u2019s evolving infrastructure has made it a preferred location for homebuyers and investors.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/real-estate\/godrej-properties-buys-kolkata-plot-with-rs-500-crore-revenue-potential-12870908.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/real-estate\/godrej-properties-buys-kolkata-plot-with-rs-500-crore-revenue-potential-12870908.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Godrej Properties has expanded its footprint in Kolkata by acquiring a 53-acre land parcel in the fast-growing Joka micro-market. The company plans to develop residential plots on this site, targeting an estimated \u20b9500 crore in revenue, the company announced on November 20, 2024. Project Highlights Statement from Leadership Gaurav Pandey, MD &amp; CEO of Godrej [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[704],"class_list":["post-5077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-godrej-properties-acquired"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5077"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5077\/revisions"}],"predecessor-version":[{"id":5079,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5077\/revisions\/5079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5078"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}