Mumbai: Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, announced that it has entered into a joint development agreement to develop an ~ 18-acre land parcel in Thane, Mumbai on Monday.
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 INR 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.
Gaurav Pandey, MD & CEO, 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 MMR’s most attractive locations offering a strong mix of public spaces and lifestyle amenities. This development is our fourth in Thane and the large format of the land will allow for a well-planned integrated residential development. As we expand our footprint across key growth corridors, our priority remains to build communities that respond to evolving customer needs while contributing meaningfully to the cities they are part of.”
