Godrej Properties inks pact to develop land parcel in Thane, eyes ₹7.5k cr

Realty firm Godrej Properties Ltd has partnered with a landowner to develop an 18-acre housing project in the Mumbai region with an estimated revenue potential of over Rs 7,500 crore, as part of its expansion plan.
In a regulatory filing on Monday, the Mumbai-based company informed that it has “entered into a joint development agreement to develop an 18-acre land parcel in Thane, Mumbai.
The company did not name the landowner with whom it has signed the agreement.
“The proposed development will be a largely residential project with an estimated revenue potential of over Rs 7,500 crore,” it said.
To expand its business, Godrej Properties buys land outright and also enter into joint development arrangement with landowners to develop housing projects.
Gaurav Pandey, MD & CEO of Godrej Properties, said, “Strategic expansions in high-potential micro- markets are central to our growth strategy and our focus on creating enduring value for homebuyers.”
Thane has evolved into one of the .