Godrej Properties buys Raj Kapoor’s iconic Chembur bungalow

The Mumbai-based real estate developer plans to develop a premium residential project at the iconic location.

Written by Sweety Adimulam
Mumbai | February 27, 2023 01:58 PM IST

2 min read

The developer aims at creating a luxury housing project with a sales potential of Rs 500 crore at the site. (Express Photo by Pradip Das)

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GODREJ PROPERTIES Ltd (GPL) on Friday announced that it has acquired Raj Kapoor’s bungalow in Chembur to develop a premium residential project.

The site, located at Deonar Farm Road, Chembur, adjacent to Tata Institute of Social Sciences, is considered to be a highly premium residential neighbourhood in Chembur. The land was purchased from the Kapoor family. In May 2019, Godrej Properties had acquired RK Studios in Chembur, Mumbai, from the Kapoor family, to develop a premium mixed-use project, Godrej RKS.

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The bungalow was acquired to develop a premium residential project. (Express photo by Pradip Das)

The site, located at Deonar Farm Road, Chembur, adjacent to Tata Institute of Social Sciences, is considered to be a highly premium residential neighbourhood in Chembur. (Express photo by Pradip Das)

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are pleased to add this iconic project to our portfolio and are grateful to the Kapoor family for entrusting us with this opportunity. The demand for premium developments has been strong over the past few years. This project will allow us to further strengthen our presence in Chembur. We aim at building an outstanding residential community that creates long term value for its residents and celebrates the legacy of the site.”