Godrej Properties Acquires Landmark 18.6-Acre Land Parcel in Versova, Mumbai

Mumbai, April 2025 – In a major real estate development, Godrej Properties, one of India’s leading real estate developers, has announced the acquisition of a prime 18.6-acre land parcel in Versova, Mumbai. This marks the company’s first-ever project in Versova, further strengthening its presence in the Western suburbs of the city. Strategically located, the land parcel offers excellent connectivity to the Western Express Highway, Mumbai Metro, and key suburban rail stations. The area is known for its vibrant lifestyle, greenery, and proximity to major business hubs and entertainment zones. Project Highlights:

• Total Area: 18.6 acres
• Location: Versova, Mumbai
• Estimated Developable Area: 3.72 million sq. ft.
• Estimated Revenue Potential: ₹7,000 crore
• Project Type: Premium Residential + Retail Spaces
• Connectivity: Close to Metro, WEH, and Commercial Hubs

Leadership Statement: “We are delighted to enter Versova with a project of this scale. This acquisition aligns perfectly with our strategy to focus on high-potential urban neighborhoods and deliver exceptional value to our customers,” said Mr. Mohit Malhotra, Managing Director & CEO, Godrej Properties. Growth Strategy and Future Plans: This land deal is the eighth addition to Godrej Properties’ portfolio in FY25. With a cumulative booking potential of ₹16,500 crore from all new projects this year, the company is aggressively expanding in core urban centers including Mumbai, Pune, Delhi-NCR, and Bengaluru. In the first half of FY25, the company reported a 60% YoY increase in sales bookings, reaching ₹4,929 crore, with a target of ₹10,000 crore for the full year. Project Details :  https://estateproperty.in/all/property/luxurious-3bhk-and-4bhk-godrej-skyshore-versova/