Godrej Properties Limited — Updates, 04-04-2025: Press Release

Godrej Properties has announced the development of a new project in Versova, Mumbai, following an agreement for the acquisition of a prime land parcel. The project is projected to provide approximately 4.4 Lakh square feet of saleable area, primarily for premium residential development, with an estimated revenue potential of around INR 1,350 Crores. Versova's appeal is bolstered by its excellent connectivity through the Versova Metro and Western Express Highway, alongside the planned Bandra-Versova Sealink, enhancing access to Bandra and South Mumbai. Key social infrastructure such as schools, hospitals, and entertainment hubs, along with ongoing development, makes this area attractive for homebuyers. Gaurav Pandey, MD & CEO, expressed confidence in the area's potential, emphasizing that this acquisition strengthens the company’s presence in Mumbai and aligns with its growth strategy focused on high-demand micro-markets. This development marks a notable step in Godrej Properties' ongoing commitment to excellence in real estate.