Godrej Properties Makes ₹6,000 Crore Luxury Bet on South Mumbai with Marine Lines Project

Godrej Properties inks JV to build Rs 6,000 cr luxury housing project at Marine Lines, Mumbai

Godrej Properties Ltd has entered into a partnership to develop a luxury housing project in Mumbai. The development agreement covers a prime 2.5-acre land parcel located in Marine Lines. This project is expected to generate an overall revenue of approximately Rs 6,000 crore for the company. MICL has transferred its development rights to Godrej Properties as part of the collaboration.

Godrej Properties to build Rs 6,000-crore luxury project in Mumbai's Marine Lines

Godrej Property has an estimated overall potential revenue of Rs 6,000 crore for the project.

Godrej Properties strengthens Mumbai luxury portfolio, adds Rs 6,000 crore project in Marine Lines

Godrej Properties signs development agreement for a luxury housing project on 2.5 acres in Marine Lines, South Mumbai, targeting Rs 6,000 crore revenue and expanding its premium housing footprint.

MICL transfers Marine Lines development rights to Godrej Properties in ₹6,000-crore revenue deal

MICL, which previously held the role of Development Manager for the project, has now transferred the development rights, jointly held with Shreepati Group, to Godrej Properties

Godrej Properties makes ₹6,000 crore luxury bet on South Mumbai with Marine Lines project

Godrej Properties has launched a luxury residential project in Marine Lines, Mumbai, targeting a revenue of ₹6,000 crore. This venture seeks to strengthen their position within Mumbai's competitive premium real estate sector, fueled by high demand. Its prime location, characterized by scarce land and access to various business and lifestyle hubs, enhances its allure.

Godrej Properties adds ₹6,000 crore luxury project in Marine Lines, South Mumbai

Mumbai real estate: Godrej Properties’ project is planned as a luxury housing development and has a revenue potential of around ₹6000 crore