Godrej Properties buys RK Studios to develop it into luxury apartments

RK Studios.

The real estate agency Godrej Properties sold this Friday announced the acquisition of landmark landmarks of RK Studios in Chembur, Mumbai, where it would develop mixed-use housing projects aimed at luxury housing and at commercial premises.

Godrej Properties, a division of the Godrej Group, announced the creation of a new project in Chembur, Mumbai. "This project, which will expand over 2.2 hectares, will provide approximately 33,000 square meters of retail space including modern residential apartments of different configurations, as well as a luxury retail experience," said the company. not disclosing the value of the transaction

Pirojsha Godrej, executive chairman of Godrej Properties, said the company had added this iconic Chembur site to its development portfolio. "This fits well in our strategy to strengthen our presence in key locations in major Indian cities.We will make sure to celebrate the remarkable legacy of this site with the aim of offering a style of exceptional life for its residents, "he added.
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Randhir Kapoor of RK Studios said, "This property in Chembur has been of great importance to my family over the many decades that RK Studios has been operating from there."
"We have … chosen Godrej Properties to write a new chapter for this site and build on its rich history," added Kapoor, the eldest son of actor Raj Kapoor.

The site is strategically located on the main site of Sion. Panvel Road and offers an extremely well developed social and civic infrastructure with several schools, hospitals, shopping centers, residential and commercial spaces nearby, said the real estate company.

Follow Us @ News18Movies to learn more. [19659000] @ Godrej Properties generally engages with landowners to develop real estate projects, but also opts for pure purchase of strategic parcels. (f, b, e, v, n, t, s) {if (f.fbq) returns; n = f.fbq = function () {n.callMethod? n.callMethod.apply (n, arguments): n .queue.push (arguments)}; if (! f._fbq) f._fbq = n; n.push = n; n.loaded =! 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0; t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window, document), "script", https: //connect.facebook.net/en_US/fbevents.js&#39;); fbq (& # 39 ;, & quot; 482038382136514 & quot;); fbq ('track', 'Pageview'); [ad_2]
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