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    Raj Kapoor’s Bungalow to be converted into a Rs 500 Crore Luxury Housing Project; Details Here

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    The iconic bungalow of Raj Kapoor in Chembur, Mumbai, which was recently acquired by Godrej Properties, will soon be converted into a luxury housing project.

    Raj Kapoor’s Bungalow to be converted into a Rs 500 Crore Luxury Housing Project

    The iconic bungalow of Raj Kapoor in Chembur, Mumbai, which was recently acquired by Godrej Properties, will soon be converted into a luxury housing project.

    The real estate arm of Godrej Group will soon launch a premium residential complex with a sales potential of 2 lakh square feet on the land parcel, spread over an area of 1-acre, purchased from Raj Kapoor’s legal heirs in February.

    According to a company’s recent filing to the stock exchanges, the project built on Raj Kapoor’s bungalow is estimated to have a total sales booking value of Rs 500 crore, Moneycontrol reported.

    On February 17, 2023, GPL declared that it had purchased