On Monday, the NSE‑listed Godrej Properties (GODREJPROP) ticked up 1.6%, closing at ₹1,697.5 after the company announced a 2.5‑acre development in Marine Lines with a projected GDV of ₹6,000 crore.
Marine Lines, a 2.5‑acre pocket in South Mumbai, sits beside the iconic coastline and enjoys proximity to business and cultural hubs via the Coastal Road. The parcel follows in the footsteps of the company's successful Godrej Trilogy in Worli and Godrej Avenue Eleven in Mahalaxmi, both of which have seen brisk demand from affluent buyers.
MD and CEO Gaurav Pandey said the Marine Lines launch "confirms the sustained interest in luxury residences across South and Central Mumbai," and that "well‑located, high‑quality homes in South Mumbai remain a long‑term attractor for investors."
Earlier this month, the company disclosed that settlement of the Gurugram Godrej Air Project dispute would cost approximately ₹70 crore, a figure that will be updated once the Settlement Agreement's actions are completed.
Real‑estate peers are tightening budgets, but premium projects continue to fetch higher margins; analysts expect Godrej to lift its 2026‑27 revenue by 15‑20% if the Marine Lines project reaches full launch in Q3. The firm is slated to release its next earnings on 15 November, where investors will gauge the impact of the new parcel on cash flow and debt profile.