Godrej Properties Eyes ₹6,000 Crore Revenue From Luxury Project in Mumbai’s Marine Lines

Godrej Properties Ltd (GPL) is set to expand its presence in Mumbai’s luxury housing market with a proposed residential development in Marine Lines, South Mumbai. The company plans to enter into a development agreement for a prime 2.5-acre land parcel, with the project estimated to have an overall revenue potential of around ₹6,000 crore.

The proposed development adds to Godrej Properties’ growing portfolio in some of Mumbai’s most established and high-value residential locations.

Godrej Properties Plans Luxury Housing Project in Marine Lines

The upcoming Marine Lines project is planned as a luxury residential development, targeting Mumbai’s premium housing segment.

Marine Lines is one of South Mumbai’s established neighbourhoods, known for its heritage, proximity to the Arabian Sea and access to major commercial, cultural and lifestyle destinations. The area’s connectivity has also benefited from infrastructure improvements, including the Mumbai Coastal Road.

For Godrej Properties, the project provides an opportunity to expand its luxury housing presence in a micro-market where developable land is relatively limited and residential properties command premium values.

Project Has Estimated Revenue Potential of ₹6,000 Crore

The proposed development agreement covers a 2.5-acre land parcel, while the project’s estimated overall revenue potential stands at approximately ₹6,000 crore.

The figure represents the potential revenue associated with the development and should not be interpreted as profit or guaranteed realised revenue. Actual sales and revenue generation will depend on factors including project approvals, development timelines, pricing, construction and market conditions.

Godrej Properties Expands Luxury Portfolio Across Mumbai

The Marine Lines development follows Godrej Properties’ recent expansion across premium residential markets in South and Central Mumbai.

The company has previously developed or launched projects including Godrej Trilogy in Worli and Godrej Avenue Eleven in Mahalaxmi. According to the company, these developments have received a strong response from buyers.

The latest project would further broaden Godrej Properties’ presence across established Mumbai residential micro-markets, particularly in locations where premium housing demand remains significant.

What Godrej Properties Said About Marine Lines

Gaurav Pandey, Managing Director and CEO of Godrej Properties, said Mumbai continues to be an important market for the company and that its premium and luxury developments have received a consistently strong response.

“Marine Lines is one of the city’s most prestigious addresses, and we are delighted to add this landmark opportunity to our portfolio,” Pandey said.

The company views the Marine Lines opportunity as another addition to its portfolio of high-value residential developments in Mumbai.

Marine Lines Adds to Godrej Properties’ Mumbai Strategy

With the proposed Marine Lines project, Godrej Properties is adding another luxury housing opportunity in one of Mumbai’s established residential markets.

The project’s location, land parcel size and estimated ₹6,000 crore revenue potential make it a notable addition to the developer’s Mumbai portfolio. Its progress, however, will depend on the development agreement, regulatory approvals, project execution and market conditions.

For Mumbai’s luxury housing market, the project also reflects continued developer interest in premium micro-markets where land availability is constrained and demand is concentrated around established locations.