Godrej Properties Enters Marine Lines, South Mumbai with ₹6,000 Crore Luxury Residential Project

Godrej Properties Enters Marine Lines with ₹6,000 Crore Luxury Development

Godrej Properties has signed a development agreement for a 2.5-acre land parcel in Marine Lines, South Mumbai, effective September 28, 2026. The company acquired development rights from Man Infraconstruction Ltd. and Shreepati Group, marking a significant expansion of its premium South Mumbai portfolio.

Market Position and Location

The project is planned as luxury housing with estimated revenue potential of around ₹6,000 crore. Marine Lines is known for limited land availability, premium real estate, and strong demand for high-quality residences. Located along Mumbai's iconic coastline, Marine Lines combines a rich heritage and established neighbourhood with access to key business, cultural, and lifestyle destinations.

Average property prices in Marine Lines have grown 14.3 per cent in the last year, reaching ₹76,900 per square foot as of August 2026. The area provides connectivity to the city's business, cultural, and lifestyle hubs through the Coastal Road.

Godrej Properties' South Mumbai Strategy

The Marine Lines agreement adds to Godrej Properties' residential projects in South and Central Mumbai, including Godrej Trilogy in Worli and Godrej Avenue Eleven in Mahalaxmi. According to Godrej Properties' managing director and chief executive officer, the company's premium and luxury projects in Mumbai have seen consistently strong responses, with tailor-made developments for South Mumbai being well received.

Developer Profile

Godrej Properties was established in 1990 and operates across 15 cities in India. In Q1 FY27, the company recorded bookings of ₹8,651 crore, growing 22 per cent year-on-year, driven by launches including Godrej Vanantara in Bengaluru, Godrej Samaris in Gurugram, and Godrej Brooklyn Avenue in Hyderabad.