World · India Bureau
Godrej Properties to develop luxury housing project in South Mumbai
The developer has secured approximately 2.5 acres in the affluent Marine Lines locality of South Mumbai for a high-end residential project. The company projects the development could generate around ₹6,000 crore in total revenue.
LSN India ·
Godrej Properties has entered into an agreement to develop a luxury housing project on approximately 2.5 acres of land in Marine Lines, one of Mumbai's most coveted residential addresses in South Mumbai.
The project represents a significant addition to the company's portfolio in the premium residential segment. Marine Lines, known for its coastal proximity and established infrastructure, has long been a preferred location for high-value residential developments.
According to current projections by the company, the project is expected to generate approximately ₹6,000 crore in total revenue upon completion. The figure reflects the premium positioning of the development and the inherent value of the South Mumbai location.
The move comes as major real estate developers continue to focus on luxury segment opportunities in India's major metropolitan areas. Godrej Properties has been actively expanding its presence across various segments and geographies, with particular emphasis on premium projects in tier-one cities.
Details regarding the project timeline, unit configurations, and specific amenities are expected to be announced by the company in due course.