Godrej Properties Ltd, a leading real estate developer in India, has entered into an agreement for the development of a prime land parcel in Versova, Mumbai. The project offers a developable potential of approximately 4.4 lakh square feet of saleable area and is expected to generate revenue of around ₹1,350 crore.
The new development will primarily feature premium residential apartments in various configurations, catering to Mumbai’s growing demand for high-quality urban housing. This marks Godrej Properties’ first entry into the Versova micro-market, further expanding its presence across Mumbai.
Versova is one of the most sought-after locations in Mumbai’s Western suburbs. It offers excellent connectivity through the Versova Metro Station, Western Express Highway, and Link Road. The upcoming Bandra-Versova Sea Link (BVSL) will significantly improve access to Bandra and South Mumbai, enhancing the area’s real estate appeal.
The locality boasts a strong social and civic infrastructure, including reputed schools, hospitals, and lifestyle destinations. Its proximity to key business hubs makes it ideal for working professionals and families.
Commenting on the development, Gaurav Pandey, MD & CEO of Godrej Properties, said, “This is our first land acquisition in Versova and reflects our confidence in the area’s potential. It aligns with our strategy of strengthening presence in high-demand urban markets.”
