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.
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Growth Catalyst9/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment9/10
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Godrej Properties Limited has informed the Exchange regarding a press release dated September 28, 2026, titled "Press Release".
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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