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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..