Godrej Properties has entered into a development agreement for a prime land parcel of approximately 2.5 acres in Marine Lines, South Mumbai. Strategically located in one of Mumbai's most sought-after residential micro-markets, the proposed project is planned as a luxury housing development and has an estimated overall revenue potential of Rs 6,000 crore.

Gaurav Pandey, MD & CEO, Godrej Properties, said, 'Mumbai continues to be a key market for us, and our premium and luxury projects in the city have seen a consistently strong response. Our tailor-made developments for South Mumbai have been particularly well received, which gives us confidence in the long-term attractiveness of well-located, high-quality homes in this market. Marine Lines is one of the city's most prestigious addresses, and we are delighted to add this landmark opportunity to our portfolio.'