Godrej Properties has entered into a development agreement for a prime land parcel of around 2.5 acres in Marine Lines, South Mumbai. Strategically located in one of Mumbai's most sought-after residential micro-markets, the proposed project is planned as a luxury housing development and has an estimated overall revenue potential of around Rs 6,000 crore (on the basis of current business assumptions).
Marine Lines is characterised by limited land availability, a rich heritage, an established neighbourhood fabric, and a strategic location along Mumbai's iconic coastline. Owing to its connectivity to the city's premier business, cultural, and lifestyle hubs, particularly through the Coastal Road, the area continues to attract strong demand from end-users and affluent buyers. The encouraging response to the company’s developments at Godrej Trilogy in Worli and Godrej Avenue Eleven in Mahalaxmi further underscores sustained interest in high-quality luxury residences across South and Central Mumbai.
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.
