Godrej Properties Enters Versova with ₹1,350 Crore Premium Housing Project

5 Apr 2025 , 03:41 PM

Godrej Properties Limited (GPL) has declared a strong growth in Mumbai with a new luxury residential project in Versova, the city’s most sought-after Western suburb.

The company has entered into an agreement to develop a strategically located land parcel in Versova, Godrej Properties’ first project in this micro-market. The new development will provide around 4.4 lakh square feet of saleable area, focusing on luxury residential apartments for the high-end housing segment.

According to current business estimates, the development is expected to create revenue potential of around ₹1,350 crore, adding immense value to Godrej’s Mumbai portfolio. Versova has good connectivity with the existing infrastructure such as Versova Metro Station, Western Express Highway, and Link Road, which ensures the smooth transportation of residents.

The future Bandra-Versova Sea Link (BVSL) will increase connectivity with Bandra and South Mumbai, further increasing the real estate value of the locality.

Versova also has a well-established social infrastructure along with convenient access to top class schools, hospitals, entertainment districts, and business parks making the locality a very desirable residential destination.

Gaurav Pandey, MD & CEO, Godrej Properties added that this transaction further reinforces the company’s faith in Versova’s micro-market and fits its overall strategy of getting larger in high growth micro-markets in the Mumbai marketplace.

The company is kept on a path to emphasize innovation, sustainability, and greater levels of design excellence in all its developments, as is its brand leadership role in Indian real estate.

Godrej Properties was India’s top-ranked developer in residential sales value in FY 2024, which bears witness to its strong market position and customer trust. GPL has always been globally acclaimed for its governance and sustainability practices, ranked as one of the world’s best companies by the Global Real Estate Sustainability Benchmark (GRESB).