Godrej Properties has acquired Raj Kapoor’s Bungalow in Chembur to develop a premium residential project.
The site is located at Deonar farm road, Chembur, Mumbai, adjacent to Tata Institute of Social Sciences (TISS) and is considered to be a premium residential neighbourhood. The land was purchased from the Kapoor family, legal heirs of Raj Kapoor.
In May 2019, Godrej Properties had acquired RK Studios in Chembur to develop a premium mixed-use project, Godrej RKS. The project is expected to be delivered in 2023.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “The demand for premium developments has been strong over the past few years. This project will allow us to further strengthen our presence in Chembur.”
The site is in proximity to the Eastern Express Highway and Eastern Freeway, providing good connectivity to Bandra Kurla Complex (BKC), Central and Western suburbs of Mumbai, South Mumbai, Thane and Navi Mumbai via Sion-Panvel highway.
