Godrej Properties Limited has informed the Exchange regarding a press release dated February 23, 2026, titled "Press Release".
GODREJPROP · price
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Godrej Properties has signed a joint development agreement to develop an approximately 18-acre land parcel in Thane, Mumbai. The project is expected to be largely residential with an estimated revenue potential of over INR 7,500 crore, based on current business assumptions. This marks the company's fourth development in Thane, taking advantage of strong connectivity from the Thane–Wadala Metro, the Thane–Borivali twin-tube tunnel, and upcoming infrastructure like the Mumbai–Ahmedabad Bullet Train station in Thane. The company highlighted Thane's mature social infrastructure including schools, hospitals, malls, and recreational spaces as supportive of long-term growth. MD & CEO Gaurav Pandey described the project as a well-planned integrated residential development aligned with the company's strategy of expanding in high-potential micro-markets.
This addition of a large-format residential project in a high-demand Mumbai micro-market meaningfully expands Godrej Properties' development pipeline and future revenue visibility. For shareholders, the INR 7,500+ crore revenue potential represents a significant future revenue contributor, likely viewed positively by the market.