Godrej Properties Acquires 6.54 Acres in Kharghar

28 Mar 2025 CW Team

Godrej Properties Ltd (GPL) has acquired three contiguous land parcels spanning 6.54 acres in Navi Mumbai's Kharghar on a 60-year lease for Rs 7.17 billion, according to property registration documents accessed by SquareYards. The company paid over Rs 350 million in stamp duty and a registration fee of Rs 90,000.

GPL emerged as the highest bidder for the group housing project in a CIDCO auction held in October 2024. The agreement for the land parcels was officially registered on March 19, 2025. The project is expected to yield approximately 2 million sq. ft. of premium residential development, with an estimated revenue potential of Rs 35 billion.

Gaurav Pandey, MD & CEO of Godrej Properties, stated in October 2024 that the entry into Kharghar aligns with GPL’s strategy to expand in key real estate markets, aiming to build a high-quality residential community.

Kharghar's Rising Real Estate Demand Navi Mumbai's real estate sector is witnessing a surge, driven by major infrastructure upgrades such as the operational Atal Setu and the upcoming Navi Mumbai International Airport. According to Anand Moorthy, Co-founder & CBO at Square Yards, Kharghar, Vashi, Belapur CBD, and Panvel are experiencing strong developer interest.

Square Yards data shows a 35% YoY increase in registered residential transactions in Q4 2024. In Kharghar alone, 4,112 residential sale transactions worth Rs 37.71 billion were recorded in 2024, with property prices averaging Rs 17,600 per sq. ft.

Godrej Properties has yet to respond to queries regarding the acquisition. If a response is received, this story will be updated.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..