Godrej Properties Ltd has entered into a joint venture to develop a premium residential project on a 2.5-acre land parcel in Marine Lines, Mumbai, with an estimated revenue potential of about Rs 6,000 crore. MICL has transferred its development rights to Godrej Properties as part of the collaboration, underscoring continued investor appetite for prime South Mumbai real estate.
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"Godrej Properties signs JV for Rs 6,000 crore luxury housing project in Mumbai’s Marine Lines"
Godrej Properties Ltd has entered into a joint venture to develop a premium residential project on a 2.5-acre land parcel in Marine Lines, Mumbai, with an estimated revenue potential of about Rs 6,000 crore. MICL has transferred its development rights to Godrej Properties as part of the collaboration, underscoring continued investor appetite for prime South Mumbai real estate.
Godrej Properties signs JV for Rs 6,000 crore luxury housing project in Mumbai’s Marine Lines
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (07:26 PM IST)•4 min read
Godrej Properties Ltd has entered into a joint venture to develop a premium residential project on a 2.5-acre land parcel in Marine Lines, Mumbai, with an estimated revenue potential of about Rs 6,000 crore. MICL has transferred its development rights to Godrej Properties as part of the collaboration, underscoring continued investor appetite for prime South Mumbai real estate.
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