New Launch4 Apr 2025, 11:09 pm
Godrej Properties to Develop INR 1,350 Crores Project in Versova, Mumbai
AI Summary
Godrej Properties Ltd. (GPL) has entered into an agreement to develop a prime land parcel in Versova, Mumbai. The project, which is estimated to have a developable potential of ~4.4 Lakh square feet of saleable area, is expected to generate approximately INR 1,350 Crores. The development will primarily consist of premium residential units and is strategically located in a desirable location with good connectivity and robust social infrastructure.
Key Highlights
- Godrej Properties to develop a project in Versova, Mumbai with an estimated revenue potential of approximately INR 1,350 Crores.
- The project is estimated to have a developable potential of ~4.4 Lakh square feet of saleable area, comprising primarily of premium residential development.
- Versova is a highly desirable location in the Western suburbs, offering good connectivity via the Versova Metro, Western Express Highway, and Link Road.
- The proposed 'Bandra-Versova Sealink' will further enhance connectivity to Bandra and South Mumbai.
- The development aligns with Godrej Properties' growth strategy, which focuses on delivering high-quality developments in high-demand micro-markets.