Deals & funding29 Sep 2026 · Mon
GODREJPROPGodrej Properties
Godrej Properties takes over Marine Lines luxury project with ₹6,000 crore sales potential
Godrej Properties will develop a luxury housing project on a 2.5-acre plot at Marine Lines in south Mumbai, with an expected revenue of about ₹6,000 crore.
Price, Monday's close₹1,669.80▼ 1.78%
Last 5 days
52-week low ₹1,434.0052-week high ₹2,352.00
- Sector
- Real estate
What happened
- Godrej Properties signed a development agreement for a 2.5-acre land parcel at Marine Lines in south Mumbai.
- Man Infraconstruction (MICL), which held the development rights jointly with Shreepati Group, transferred them to Godrej Properties. MICL keeps a revenue-sharing interest in the project.
- The luxury housing project is expected to bring in about ₹6,000 crore of revenue. MICL said it expects to recover more than ₹300 crore of its existing investment.
Key facts
- Land
- 2.5 acres, Marine Lines, Mumbai
- Expected revenue
- About ₹6,000 crore
- Partner
- Man Infraconstruction
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Godrej Properties in the news before
- 26 OCT 2026 · EVENING · RESULTSGodrej Properties' Q2 booking value falls to ₹8,008 crore from ₹8,505 crore; profit drops