NSEPress Release28 Sept 2026 · 28 Sept 2026, 06:14 am

Press Release

Godrej Properties Limited · GODREJPROP

✦ AI Summary▲ PositiveExpansion

Godrej Properties Limited has entered into a development agreement for a 2.5-acre land parcel in Marine Lines, South Mumbai, with an estimated revenue potential of ~INR 6,000 crore.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10

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Full Announcement

Godrej Properties Limited has informed the Exchange regarding a press release dated September 28, 2026, titled "Press Release".

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GODREJPROP_28092026061244_SEIntimationgodrejmicl.pdf

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Godrej Properties Ltd. Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai- 400 079. India Tel.: +91-22-6169-8500 Fax: +91-22-6169-8888 Website: www.godrejproperties.com CIN: L74120MH1985PLC035308 September 28, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 The National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Ref: Godrej Properties Limited BSE – Scrip Code: 533150, Scrip ID - GODREJPROP BSE - Security Code – 974951, 975090, 975091, 975856, 975857, 976000 - Debt Segment NSE - Symbol - GODREJPROP Sub: - Press Release Dear Sir/ Madam, Please find enclosed a copy of the press release the contents of which are self-explanatory. Request you to take the same on record. Thank you. Yours truly, For Godrej Properties Limited Ashish Karyekar Company Secretary Encl: a/a Press Release Mumbai, September 28, 2026 Godrej Properties adds ~INR 6,000 crore luxury project in Marine Lines, South Mumbai Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPROP), one of India's leading real estate developers, today announced that it has entered into a development agreement for a prime land parcel of approximately 2.5 acres in Marine Lines, South Mumbai. Strategically located in one of Mumbai's most sought-after residential micro-markets, the proposed project is planned as a luxury housing development and has an estimated overall revenue potential of ~INR 6,000 crore*. Marine Lines is characterised by limited land availability, a rich heritage, an established neighbourhood fabric, and a strategic location along Mumbai's iconic coastline. Owing to its connectivity to the city's premier business, cultural, and lifestyle hubs, particularly through the Coastal Road, the area continues to attract strong demand from end-users and affluent buyers. The encouraging response to Godrej Properties' developments at Godrej Trilogy in Worli and Godrej Avenue Eleven in Mahalaxmi further underscores sustained interest in high-quality luxury residences across South and Central Mumbai. Gaurav Pandey, MD & CEO, Godrej Properties, said, "Mumbai continues to be a key market for us, and our premium and luxury projects in the city have seen a consistently strong response. Our tailor-made developments for South Mumbai have been particularly well received, which gives us confidence in the long-term attractiveness of well-located, high-quality homes in this market. Marine Lines is one of the city's most prestigious addresses, and we are delighted to add this landmark opportunity to our portfolio." * On the basis of current business assumptions. About Godrej Properties Limited: At Godrej Properties, we are driven by a singular purpose: crafting joy. Over 100,000 families have found a home with us, making us India's largest residential developer by both the value and volume of homes sold. As part of the Godrej Industries Group, we combine a 129-year legacy of trust and excellence with a forward-looking vision to shape the future of urban India. Our approach is anchored in thoughtful design, sustainability, thriving communities, and uncompromising quality. As of December 2025, we were ranked the number one real estate company worldwide on both the Dow Jones Best-in-Class Sustainability Indices and the Global Real Estate Sustainability Benchmark. For further information, please contact: Karishma Rane Corporate Communications Godrej Properties Limited Email: Karishma.rane@godrejproperties.com, Mobile: +91 8879200069 Anurag David Corporate Communications Godrej Industries Limited Email: anurag.david@godrejinds.com, Mobile: +91 93225 01136