Mumbai: Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, announced on Friday April 4th, that it has entered into an agreement for development of a prime land parcel in Versova, Mumbai.
This project is estimated to have a developable potential of 4.4 Lakh square feet of saleable area, comprising primarily of premium residential development of various configurations, with an estimated revenue potential of INR 1,350 Crores.
Versova remains a highly preferred 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, “It 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.”
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