1 hr ago
Godrej Properties Adds Rs 6,000 Crore Marine Lines Luxury Project
Godrej Properties plans to build a luxury housing project in Marine Lines, Mumbai.
The company has signed an agreement to develop a 2.5-acre piece of land.
It expects the project could generate about Rs 6,000 crore in revenue.
Marine Lines is considered a prestigious area with limited available land.
It is close to the coastline and important business, cultural and lifestyle areas.
The Mumbai Coastal Road has made travel to the area more convenient.
Godrej Properties says buyers have responded well to its other luxury projects in South Mumbai.
The company believes there will continue to be strong demand for high-quality homes in the area.
Godrej Properties has signed a development agreement for a 2.5-acre parcel in Marine Lines, South Mumbai.
The planned luxury housing project has an estimated revenue potential of around Rs 6,000 crore.
The company cited Marine Lines’ limited land availability, established neighbourhood, heritage and coastal proximity.
Godrej Properties said the Mumbai Coastal Road has further improved the area’s connectivity and appeal.
Godrej Properties shares were trading flat intraday but had declined 16.56% so far this year.
- Who
- Godrej Properties, led by Managing Director and Chief Executive Officer Gaurav Pandey.
- What
- The company entered a development agreement for a luxury housing project with an estimated revenue potential of around Rs 6,000 crore.
- Where
- A 2.5-acre land parcel in Marine Lines, South Mumbai.
- When
- The article does not specify when the development agreement was signed; the share-price update refers to the current intraday session.
- Why
- Godrej Properties aims to serve demand for premium and luxury homes in a prestigious area with limited land availability and strong connectivity.
Key facts
- Developer
- Godrej Properties
- Project location
- Marine Lines, South Mumbai
- Land area
- 2.5 acres
- Estimated revenue potential
- Around Rs 6,000 crore
- Project type
- Luxury housing
- Connectivity factor
- Mumbai Coastal Road
- Year-to-date share performance
- Down 16.56%, while trading flat intraday
Quotes
Gaurav Pandey
Managing Director and CEO of Godrej Properties
“Our tailor-made developments for South Mumbai have been particularly well received, which gives us confidence in the long-term attractiveness of well-located, high-quality homes in this market. Marine Lines is one of the city’s most prestigious addresses, and we are delighted to add this landmark opportunity to our portfolio.”
financialexpress.com
Sources
Related news
Adani Realty Plans Mumbai Premium and Luxury Housing Launches
MICL, Godrej Partner on ₹6,000 Crore Marine Lines Project
National Developers Target Mumbai’s Luxury and Redevelopment Market
Puravankara Shares Rise on Mumbai Redevelopment Project Win
Sayaji Realty Acquires Vile Parle Project for Luxury Redevelopment
₹10 Crore Chandak Sarvam Deal Highlights JB Nagar’s Residential Rise
Lokesh Pitches Andhra Pradesh as Hub for Global Industries
Godrej Archive Traces Modern India Through Everyday Objects
Godrej Wealth Plans Mutual Fund Entry, Nationwide Expansion
SRA CEO Mahendra Kalyankar Receives Achievers Award 2026
