Godrej Properties Share Price in Focus; Signs JDA to Develop 18-Acre Land Parcel in Thane

Godrej Properties Ltd has signed a joint development agreement for an approximately 18-acre land parcel in Thane, part of the Mumbai Metropolitan Region. The company disclosed the transaction in a regulatory filing dated 23 February 2026. 

The proposed project carries an estimated revenue potential of more than ₹7,500 crore, based on current business assumptions. The identity of the landowner has not been disclosed. 

Project Details 

The development is planned to be largely residential. The company stated that the size of the land parcel allows for an integrated housing project. 

This would be the company’s 4th project in Thane. Godrej Properties typically expands through a mix of outright land acquisitions and joint development arrangements with landowners. 

Location and Connectivity 

The site is located in an established micro-market of Thane. The area is connected to existing and upcoming infrastructure, including the Thane-Wadala Metro and the Thane-Borivali twin-tube tunnel. 

Other infrastructure projects expected to influence the region include the Thane Coastal Road and the Mumbai-Ahmedabad Bullet Train, which will have a station in Thane. Several proposed metro corridors are also planned across the Mumbai Metropolitan Region. 

Thane has seen steady residential development over the years, supported by schools, hospitals, shopping centres and other social infrastructure. 

Read More: Lodha Developers Share Price in Focus; Signs ₹364.80 Crore Joint Development Agreement in Mumbai! 

Godrej Properties Share Price Performance  

As of February 23, 2026, 12:08 pm, Godrej Properties share price was trading at ₹1,802.00, a 1.30% decrease from the previous close. 

Conclusion 

The proposed 18-acre project adds to Godrej Properties’ presence in Thane. With estimated revenue potential exceeding ₹7,500 crore, the development shows continued residential activity in the Mumbai region. 

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.