+
Godrej Properties acquires Raj Kapoor's Mumbai bungalow
Real Estate

Godrej Properties acquires Raj Kapoor's Mumbai bungalow

Godrej Properties Ltd. announced on Friday that it has purchased the iconic actor, director, and producer Raj Kapoor's bungalow in Mumbai's Chembur neighbourhood in order to build a high-end housing project. According to the company's regulatory filing, the land was acquired from Raj Kapoor's legal heirs, the Kapoor family. The price of the transaction is not known. The property is near the Tata Institute of Social Sciences on Deonar Farm Road in Chembur, Mumbai (TISS). Godrej Properties purchased R K Studios in Chembur from the Kapoor family in May 2019 with plans to create a high-end mixed-use property there called Godrej RKS. This year should see the completion of the project.

"We are happy to add this landmark property to our portfolio and are grateful to the Kapoor family for entrusting us with this opportunity," said Gaurav Pandey, MD and CEO of Godrej Properties. During the past five years, he continued, there has been a high demand for upscale constructions. We will be able to further bolster our footprint in Chembur thanks to this project, according to Pandey.

Randhir Kapoor proclaimed: "For our family, this residence in Chembur has significant emotional and historical value. We are pleased to collaborate with Godrej Properties once more to carry forward this rich legacy for this location's upcoming growth stage "One of the top real estate developers in the nation is Godrej Properties, a division of the business behemoth Godrej Group.

It has a significant presence in Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru.

Godrej Properties Ltd. announced on Friday that it has purchased the iconic actor, director, and producer Raj Kapoor's bungalow in Mumbai's Chembur neighbourhood in order to build a high-end housing project. According to the company's regulatory filing, the land was acquired from Raj Kapoor's legal heirs, the Kapoor family. The price of the transaction is not known. The property is near the Tata Institute of Social Sciences on Deonar Farm Road in Chembur, Mumbai (TISS). Godrej Properties purchased R K Studios in Chembur from the Kapoor family in May 2019 with plans to create a high-end mixed-use property there called Godrej RKS. This year should see the completion of the project. We are happy to add this landmark property to our portfolio and are grateful to the Kapoor family for entrusting us with this opportunity, said Gaurav Pandey, MD and CEO of Godrej Properties. During the past five years, he continued, there has been a high demand for upscale constructions. We will be able to further bolster our footprint in Chembur thanks to this project, according to Pandey. Randhir Kapoor proclaimed: For our family, this residence in Chembur has significant emotional and historical value. We are pleased to collaborate with Godrej Properties once more to carry forward this rich legacy for this location's upcoming growth stage One of the top real estate developers in the nation is Godrej Properties, a division of the business behemoth Godrej Group. It has a significant presence in Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code