Godrej Properties Enters Marine Lines, South Mumbai; Expects ₹6,000 crore Revenue From New Luxury Project
Mumbai: Godrej Properties Ltd. announced on Saturday it has entered into a development agreement for a prime land parcel of approximately 2.5 acres in Marine Lines, South Mumbai. Project Details The proposed project is planned as a luxury housing development. Godrej Properties expects an estimated overall revenue potential of approximately ₹6,000 crore from the project. Location Significance…
Godrej Properties Ltd. has secured a development agreement for a prime 2.5-acre plot in Marine Lines, South Mumbai, according to a statement released on Saturday. The proposed project aims to be a luxury housing development with an estimated potential revenue of about ₹6,000 crore.
Marine Lines is a residential micro-market characterized by its scarcity of land and known for its heritage, established neighborhood, and strategic coastal location. Despite a 21% decline in sales bookings for the realty sector to ₹40,000 crore, Godrej Properties topped the June quarter chart, indicating strong demand from end-users and affluent buyers.
The company attributes this demand to the area's connectivity to Mumbai's business, cultural, and lifestyle hubs, primarily via the Coastal Road. Gaurav Pandey, MD & CEO of Godrej Properties, affirmed that Mumbai remains a key market, with the company's premium and luxury projects in the city consistently receiving strong responses. The South Mumbai segment, in particular, has been well-received for tailor-made developments.
Established as India's largest residential developer by value and volume, Godrej Properties also holds the top position globally on both the Dow Jones Best-in-Class Sustainability Indices and the Global Real Estate Sustainability Benchmark as of December 2025. This development marks another significant step in the company's ongoing expansion in the luxury real estate sector.
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