Godrej Properties has announced the acquisition of a 53-acre land parcel in Joka, Kolkata, for a major residential plotted development project. The venture is expected to generate approximately ₹500 crore in revenue and will feature 1.3 million square feet of saleable area, primarily dedicated to residential plots.
Strategically located in Joka, a rapidly evolving micro-market on the outskirts of Kolkata, the project aims to capitalise on the area’s growing appeal as a residential destination. With its proximity to Diamond Harbour, a popular seaside retreat, and connectivity to the main city via Kolkata Metro’s Line 3, Joka is poised to offer residents the perfect balance of urban convenience and serene living. Joka’s transformation into a promising residential hub has been driven by significant infrastructure developments in recent years. Anchored by the presence of IIM-Calcutta, the area also boasts advanced healthcare facilities and commercial centres that cater to the needs of modern residents. Enhanced road networks further contribute to its connectivity with key city locations, making it an attractive option for prospective homeowners.
Godrej Properties’ entry into Joka aligns with its strategy to expand its footprint in high-potential markets across India. This development promises to cater to the rising demand for quality residential spaces in Kolkata, offering an integrated living experience in a well-connected, fast-growing locality. The project is expected to significantly enhance the area’s residential appeal while contributing to the broader growth of Kolkata’s real estate market. With its mix of strategic planning, premium location, and development potential, the venture underscores Godrej Properties’ commitment to shaping India’s evolving housing landscape.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “This land acquisition fits with our strategy of deepening our presence across India’s leading cities. We will aim to build an outstanding plotted development project in Joka that creates long term value for its residents.”
