Godrej Properties has entered into a joint development agreement to develop an around 18-acre land parcel in Thane, Mumbai. The land parcel is located in an established micro-market of Thane, with excellent connectivity to both existing and upcoming infrastructure, including the Thane-Wadala Metro and the Thane-Borivali twin-tube tunnel. The proposed development will be a largely residential project with an estimated revenue potential of over Rs 7,500 crore (on the basis of current business assumptions).
Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.
