GKW, a leading player in integrated warehousing and logistics solutions, has announced a joint development agreement with Anthurium Developers, a subsidiary of Mahindra Lifespace Developers, to develop a 37-acre land parcel in Bhandup, Mumbai. The project, which is expected to cover approximately 3.6 million square feet, will be one of the largest urban mixed-use developments in the city.
The primary focus of the development will be on residential units, complemented by commercial and retail spaces. Located in the vibrant suburb of Bhandup, the site offers exceptional connectivity to major commercial hubs in Mumbai, with easy access to the Jogeshwari-Vikhroli Link Road, the Eastern Express Highway, and convenient train and metro links.
The deal was facilitated by ANAROCK Capital, with legal advice provided by Khaitan & Co.
K K Bangur, Chairman of GKW, expressed confidence in the partnership, stating, “This transaction aligns with our vision to expand our footprint in the real estate sector. We are excited to collaborate with Mahindra Lifespace Developers to create a world-class, mixed-use development that will add significant value for our shareholders.”
GKW, formerly known as Guest Keen Williams Limited, is primarily engaged in warehousing and logistics solutions and owns a significant land bank, including large parcels in Kolkata and Bhandup. This latest venture in Mumbai marks a significant step in the company’s ongoing expansion into real estate development.
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