Godrej Properties Enters 18-Acre Thane Project; ₹7,500 Crore Revenue Potential From New Residential Development

Mumbai, February 23, 2026: Godrej Properties Limited (BSE: 533150 | NSE: GODREJPROP) has announced its entry into a new large-format residential development in Thane, Mumbai, with an estimated revenue potential of over ₹7,500 crore.
The company has entered into a joint development agreement for an approximately 18-acre land parcel in an established micro-market of Thane. The proposed project will be largely residential in nature and marks the company’s fourth development in the Thane market.

Project Details and Revenue Potential​

*Based on current business assumptions.
The land parcel benefits from strong existing and upcoming infrastructure connectivity, including access to the Thane–Wadala Metro and the Thane–Borivali twin-tube tunnel.

Connectivity and Infrastructure Catalysts​

The project is expected to benefit from several key infrastructure developments:

• Thane Coastal Road
• Mumbai–Ahmedabad Bullet Train with a dedicated Thane station
• Multiple proposed metro corridors

These connectivity enhancements are anticipated to significantly reduce travel times and improve access to major residential, commercial, and employment hubs across the Mumbai Metropolitan Region. The micro-market is further supported by mature social infrastructure such as schools, hospitals, malls, and recreational facilities.

Management Commentary​

Gaurav Pandey, MD & CEO, Godrej Properties, stated:
“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.”

About Godrej Properties Limited​

Godrej Properties Limited is the real estate development arm of the Godrej Industries Group. The company combines a 129-year legacy of excellence and trust with a focus on innovation, sustainability, and design-led development.
In FY2025, the company retained its position as India’s largest developer by the value of residential sales achieved. Since 2010, it has committed to ensuring that all developments are third-party certified green buildings. It has consistently ranked #1 globally amongst listed residential developers in sustainability and governance practices across multiple years and continues to receive industry recognitions across key real estate platforms.
The company is listed on both BSE and NSE under the ticker symbol GODREJPROP.

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