Godrej Properties Share Price in Focus; Signs Deal for ₹6,000 Crore Marine Lines Project in Mumbai

Godrej Properties Ltd. has signed a development agreement for a land parcel of about 2.5 acres in Marine Lines, South Mumbai, as per an exchange filing dated September 28, 2026. 

The company plans to develop luxury housing on the site, with the project carrying an estimated overall revenue potential of around ₹6,000 crore. 

Marine Lines Land Parcel 

The property is in one of South Mumbai’s established residential areas. The company’s announcement noted limited land availability in Marine Lines and its access to the city’s business, cultural, and lifestyle hubs.  

The area is also connected through the Coastal Road. 

Existing Presence in South Mumbai 

The agreement adds to Godrej Properties’ residential projects in South and Central Mumbai. Its developments in these areas include Godrej Trilogy in Worli and Godrej Avenue Eleven in Mahalaxmi. 

Godrej Properties said the two projects have received an encouraging response. No project timeline or further development details were provided for the Marine Lines site in the announcement. 

Company’s Comments 

Gaurav Pandey, Managing Director and CEO of Godrej Properties, said Mumbai continues to be a key market for the company. He said its premium and luxury projects in the city, including those in South Mumbai, have received a strong response. 

Revenue Estimate 

The company has put the overall revenue potential of the Marine Lines project at around ₹6,000 crore. This estimate is based on current business assumptions, according to the company’s filing. 

Godrej Properties Overview  

Godrej Properties said more than 100,000 families have found homes with the company. It is part of the Godrej Industries Group, which has a 129-year legacy. 

As of December 2025, the company was ranked number one among real estate companies worldwide on the Dow Jones Best-in-Class Sustainability Indices and the Global Real Estate Sustainability Benchmark. 

Read More: Adani Enterprises Share Price in Focus After Acquiring 50% Stake in Monvarex Aluminium! 

Godrej Properties Share Price Performance  

As of September 28, 2026, 10:50 am, Godrej Properties share price was trading at ₹1,679.80, a 1.19% decrease from the previous closing price. 

Conclusion 

The development agreement covers about 2.5 acres in Marine Lines. The planned luxury housing project has an estimated overall revenue potential of around ₹6,000 crore. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.