Mumbai, March 4 -- The company plans to develop a premium residential project on the site with an estimated revenue potential of approximately Rs 1,650 crore, based on current business assumptions.

The parcel is situated along the EM Bypass corridor, which is a well-connected and rapidly developing micro-market linking Salt Lake, New Town, Park Circus, Gariahat, and Garia.

The location benefits from proximity to the under-construction Garia-Airport metro line and connectivity to Netaji Subhas Chandra Bose International Airport.

In a separate filing, Godrej Properties announced that acquisition of 11.36 acres of land in Sector 63A, Gurugram, through an outright purchase.

The parcel is located along Golf Course Extension Road, one of NC...