Godrej Properties Ltd. paid about Rs 100 crore for the rights to create a luxury housing project with a Rs 500 crore sales potential on the former film actor, director, and producer Raj Kapoor’s Mumbai bungalow in the Chembur neighborhood. The house has been owned by Kapoor's family since he first paid Rs 50 lakhs for it in 1963. Over the years, it has undergone numerous restorations and additions,...