Kolkata, March 05, 2026: Godrej Properties Limited (GPL), one of India’s leading real estate developers, today announced that it has won the bid in an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) for a prime land parcel measuring ~ 5 acres, located off EM Bypass, Kolkata, a highly desirable and upmarket residential locality in the city.
The proposed premium residential development is expected to offer an estimated revenue potential of approximately INR 1,650 crore.
The EM Bypass corridor is one of Kolkata’s most well-connected and rapidly developing urban stretches, supported by strong physical and social infrastructure. It links major neighbourhoods such as Salt Lake, New Town, Park Circus, Gariahat, and Garia, enabling seamless access to commercial hubs, IT-ITeS clusters, educational institutions, and leading healthcare facilities across the city. Multiple flyovers, arterial connectors, and its proximity to the under-construction Garia–Airport metro line further enhance connectivity. It also offers convenient road connectivity to Netaji Subhas Chandra Bose International Airport, further strengthening its position as one of Kolkata’s most desirable and future-ready micro markets.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “Kolkata’s homebuyers are increasingly seeking neighbourhoods that offer strong connectivity, dependable social infrastructure, and homes aligned with evolving lifestyle needs. The EM Bypass micro-market reflects this shift, making it an important location for us to deepen our presence. With this acquisition, we endeavour to create a well-planned residential community that supports quality living, adapts to how families want to live today, and continues to deliver long term value for our customers.”
*On the basis of current business assumptions.
