The agreement for development will have an estimated revenue potential of approximately INR ~1,350 Crores
MUMBAI, Apr 4 (The CONNECT) – Godrej Properties Ltd. (GPL) today announced that it has entered into an agreement for development of a prime land parcel in Versova, Mumbai.
This project is estimated to have a developable potential of ~4.4 Lakh square feet of saleable area, comprising primarily of premium residential development of various configurations, with an estimated revenue potential of INR ~1,350 Crores*.
Versova remains a highly desirable location in the Western suburbs, offering good connectivity via the Versova Metro, Western Express Highway, and Link Road. The proposed ‘Bandra-Versova Sealink’ (BVSL) will further enhance connectivity to Bandra and South Mumbai.
Its robust social infrastructure includes top schools, hospitals, and entertainment hubs. Proximity to business districts and ongoing infrastructure development further enhance the area’s appeal for homebuyers.
Gaurav Pandey, MD & CEO, Godrej Properties, noted that this is the company’s first land acquisition in Versova and reflects our confidence in the area’s potential.
