Godrej Properties to buy 7.4-acre land

Godrej Properties will buy a 7.4-acre land parcel in Kolkata for a luxury housing project.

"

The project, to come up in New Alipore, will be the company’s second luxury development in the city.

Godrej Properties will acquire a 7.44-acre land parcel at New Alipore in Kolkata from the West Bengal Housing Infrastructure Development Corporation.

The company was declared the highest bidder in an e-auction, and it intends to develop this land parcel as a luxury group housing project.

The demand for luxury real estate has been strong over the past few years.