Godrej Properties to Develop Prime South Mumbai Land

Business Standard Markets · stocks

Godrej Properties has secured a development agreement for a 2.5-acre land parcel in Marine Lines, South Mumbai. This prime location is considered one of the city's most desirable residential areas. The company plans to develop a luxury housing project on this site, which is estimated to have a revenue potential of Rs 6,000 crore. Godrej Properties sees Mumbai as a key market, with its premium and luxury projects consistently performing well. The company is confident in the long-term appeal of high-quality homes in prestigious South Mumbai addresses.