Godrej Properties said it has entered into an agreement to develop a premium residential project in Versova, Mumbai with 4.4 Lakh square feet of saleable area worth Rs 1,350 crore.
Versova remains a highly desirable location in the Western suburbs, offering good connectivity via the Versova Metro, Western Express Highway, and Link Road. The proposed ‘Bandra-Versova Sealink’ (BVSL) will further enhance connectivity to Bandra and South Mumbai. Its robust social infrastructure includes top schools, hospitals, and entertainment hubs. Proximity to business districts and ongoing infrastructure development further enhance the area’s appeal for homebuyers.
Gaurav Pandey, MD & CEO, Godrej Properties said, “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.”
Godrej Properties recently sold 275 homes in Godrej Riverine in Noida worth Rs 2000 crore. This marks the third consecutive launch with Rs 2,000+ crore sales for Godrej Properties in Noida. The company hadalso sold around 90 flats for more than Rs 1,000 crore on launch day of its new luxury housing project at Gurugram and sold inventory worth over Rs 1,000 crore in its project, Godrej Evergreen Square, located in Hinjewadi, Pune.
According to PropEquity, India’s top nine cities saw housing sales fall by 23 per cent to 1,05,791 units in January-March 2025 while supply declined by a whopping 34 per cent to 80,774 units.
