Godrej Properties Launches Rs 6,000 Crore Marine Lines Project

Godrej Properties Ltd entered into a development agreement for a luxury housing project on a 2.5-acre land parcel in Marine Lines, South Mumbai. The developer estimates the project has an overall revenue potential of approximately Rs 6,000 crore based on current business assumptions.

The project targets affluent buyers and end-users in a land-constrained market, leveraging the site's proximity to the coastline and connectivity provided by the Coastal Road. This development expands the company's luxury footprint in South and Central Mumbai, adding to its existing portfolio which includes Godrej Trilogy in Worli and Godrej Avenue Eleven in Mahalaxmi.

MD and CEO Gaurav Pandey stated that Marine Lines is one of the city's most prestigious addresses and noted that Mumbai continues to be a key market for the company, where premium and luxury projects have seen a consistently strong response.