Godrej Properties Ltd, a prominent real estate developer in India, announced a significant expansion of its Mumbai portfolio on Friday with a new project in the coveted Versova area in the city’s western suburbs. This expansion marks the company’s debut in this high-demand suburb.
The planned development will cover a saleable area of about 4.4 lakh square feet and primarily offer premium residential units. Based on current business projections, the project expects to generate an estimated revenue of Rs 1,350 crore.
Versova’s appeal is driven by its exceptional connectivity, with access to the Versova-Ghatkopar metro, Link Road, and the Western Express Highway. The upcoming Bandra-Versova Sea Link (BVSL) will further enhance links to Bandra and South Mumbai, boosting homebuyers’ attractiveness. Additionally, the neighbourhood boasts strong social infrastructure, including schools, hospitals, parks, and entertainment centres. Being close to the seafront, Versova also offers convenient access to the beach.
Gaurav Pandey, managing director and chief executive officer of Godrej Properties, emphasised the strategic importance of this acquisition, saying, “This is our first land acquisition in Versova and reflects our confidence in the area’s potential. It further strengthens our presence in Mumbai and aligns with our growth strategy, which focuses on delivering high-quality developments in high-demand micro-markets.”
With its prime location, excellent connectivity, and robust social infrastructure, Versova presents a promising opportunity for real estate development, making it an ideal destination for potential homebuyers and investors. This strategic project by Godrej Properties is poised to meet the growing demand for premium living spaces in one of Mumbai’s most sought-after locales.
