Raj Kapoor's Bungalow In Chembur Sold To Godrej For 500 Crore Projects —

Legendary actor, producer, and director Raj Kapoor's bungalow, which was once a traveller's destination, has been sold to Godrej Properties Limited. The amount of the purchase is kept under wraps by both parties.

Gaurav Pandey, MD and CEO of 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."

Located on Deonar Farm Road in Chembur, the land was sold by Raj Kapoor's legal heirs. The deal was locked up in May 2019, and an official statement came today. As per reports, the Godrej company will use the land to develop a luxury housing project that is projected to earn about Rs. 500 crore.