Godrej Properties Limited (GPL) has successfully won the bid for a prime ~5-acre land parcel located off the EM Bypass in Kolkata through an e-auction by WBHIDCO. The proposed premium residential development is projected to generate an estimated revenue potential of approximately INR 1,650 crore, marking a strategic expansion into one of Kolkata’s rapidly developing micro-markets.
GPL Acquires Strategic Land Parcel in Kolkata
Godrej Properties Limited (GPL), a leading Indian real estate developer, announced on March 04, 2026, that it has secured a prime land parcel measuring approximately 5 acres. The acquisition was finalized via an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO).
The site is situated off the EM Bypass in Kolkata, described as a highly desirable and upmarket residential locality. The estimated revenue potential from the ensuing premium residential development is pegged at approximately INR 1,650 crore, based on current business assumptions.
Strategic Importance of the Location
The EM Bypass corridor is highlighted as one of Kolkata’s most well-connected and fast-growing urban stretches. The area boasts strong physical and social infrastructure, offering seamless access to major neighborhoods such as Salt Lake, New Town, Park Circus, Gariahat, and Garia.
Connectivity is further boosted by multiple flyovers, arterial connectors, and proximity to the under-construction Garia-Airport metro line. This location solidifies the area as one of Kolkata’s most desirable and future-ready micro markets.
Management Outlook
Gaurav Pandey, MD & CEO of Godrej Properties, commented that Kolkata homebuyers are increasingly prioritizing strong connectivity and dependable social infrastructure. He stated, “With this acquisition, we endeavour to create a well-planned residential community that supports quality living, adapts to how families want to live today, and continues to deliver long-term value for our customers.”
About Godrej Properties Limited
Godrej Properties continues to integrate the Godrej Industries Group’s philosophy of innovation, sustainability, and excellence into real estate. In FY 2025, GPL retained its position as India’s largest developer by the value of residential sales achieved.
GPL maintains a deep commitment to sustainable development, having pledged that all its developments would be third-party certified green buildings since 2010. The company has received significant global recognition, including being ranked #1 globally amongst listed residential developers by the Global Real Estate Sustainability Benchmark in 2020, 2021, 2022, and 2025 for its sustainability and governance practices.
Source: BSE
