Godrej Properties Signs Rs. 7,500 Cr Thane JDA

Godrej Properties has entered into a joint development agreement (JDA) to develop an approximately 18-acre land parcel in Thane, Mumbai, marking a significant expansion in one of the region’s most established residential micromarkets.

The proposed project will be largely residential and carries an estimated revenue potential of over ₹7,500 crore.

The land parcel benefits from strong connectivity to both existing and upcoming infrastructure projects. Key links include the Thane–Wadala Metro and the Thane–Borivali twin-tube tunnel, which are expected to enhance intra-city access and reduce congestion.

Key Highlights

• Godrej Properties signs JDA for 18-acre Thane land parcel
• Residential project with ₹7,500 crore revenue potential
• Boosted by metro corridors, bullet train, and coastal road connectivity

In addition, large-scale regional infrastructure initiatives such as the Thane Coastal Road, the Mumbai–Ahmedabad Bullet Train corridor with a dedicated Thane station, and multiple proposed metro corridors are set to significantly reduce travel times across the Mumbai Metropolitan Region (MMR).

These connectivity catalysts are expected to benefit surrounding residential catchments, improve access to major commercial and employment hubs, and enhance the overall attractiveness of the Thane micromarket.

With infrastructure upgrades accelerating across the MMR, the development aligns with rising demand for well-connected, large-scale residential projects in growth corridors.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Strategic expansions in high-potential micro-markets are central to our growth strategy and our focus on creating enduring value for homebuyers. Thane has evolved into one of MMR’s most attractive locations offering a strong mix of public spaces and lifestyle amenities. This development is our fourth in Thane and the large format of the land will allow for a well-planned integrated residential development. As we expand our footprint across key growth corridors, our priority remains to build communities that respond to evolving customer needs while contributing meaningfully to the cities they are part of.”

Also Read: Godrej Properties Eyes NCR Amid Market Slowdown

The project underscores Godrej Properties’ continued focus on high-potential urban micro-markets supported by transformative infrastructure, positioning the company to capitalize on long-term residential demand in the Mumbai region.