Godrej Properties Ltd (GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced that it has entered into a joint development agreement to develop an 18-acre land parcel in Thane, Mumbai. The land parcel is located in an established micro-market of Thane, with excellent connectivity to both existing and upcoming infrastructure, including the Thane– Wadala Metro and the Thane–Borivali twin-tube tunnel. The proposed development will be a largely residential project with an estimated revenue potential of over Rs 7,500 crore.
Key regional connectivity catalysts such as the Thane Coastal Road, the Mumbai–Ahmedabad Bullet Train (with a dedicated Thane station) and multiple proposed metro corridors are expected to significantly reduce travel times, benefiting surrounding catchments, enhancing the attractiveness of this micro-market and improving access to major residential, commercial and employment hubs across the Mumbai Metropolitan Region. Supported by established residential developments and mature social infrastructure like schools, hospitals, malls and recreational spaces, Thane offers a compelling combination of liveability and long-term growth potential.
About the Company
Godrej Properties brings the Godrej Industries Group philosophy of innovation, sustainability and excellence to the real estate sector. Each Godrej Properties development combines a 129-year legacy of excellence and trust with a commitment to cutting-edge design, technology and sustainability. In FY 2025, Godrej Properties retained its position as India’s largest developer by the value of residential sales achieved. The company continues to remain deeply focused on sustainable development. In 2010, GPL committed that all of its developments third-party certified green buildings.
In 2020, 2021, 2022 and 2025, the Global Real Estate Sustainability Benchmark ranked GPL #1 globally amongst listed residential developers for its sustainability and governance practices and as of December 31st, 2025, GPL was also ranked #1 globally in the Real Estate and Management sector on the S&P Global’s Dow Jones best in class indices. In recent years, Godrej Properties has received over 500 awards and recognitions, including Developer of the Year at the GRI India Awards, the Porter Prize, The Most Trusted Real Estate Brand in the Brand Trust Report, Builder of the Year at the CNBC-Awaaz Real Estate Awards and The Economic Times Best Real Estate Brand.
Disclaimer: The article is for informational purposes only and not investment advice.
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Rs 7,500 crore revenue potential: Godrej Properties to develop 18 acres in Thane, Mumbai