Godrej Properties Achieves Significant Milestone in Mumbai with Sale of 800 Homes Valued at Rs 2,690 Crore

In the latest development in the real estate market, the Rs 2,690 crore property sales by Godrej Properties in Mumbai have successfully marked the grand launch of its project, Godrej Reserve, in the Kandivali area. This Godrej Properties' milestone represents the company’s most successful launch in terms of both sales value and volume, indicating the high demand for quality residential properties in Mumbai's residential property market.

The project, introduced within fifteen months of acquiring the land, comprises over 800 homes spread across approximately 1.5 million square feet. With a potential for development of about 3.72 million square feet and an estimated revenue potential of Rs 7,000 crores, Godrej Reserve is set to become one of GPL's largest residential developments. Godrej Properties' projects in Mumbai continues to redefine the city's real estate landscape.

Kandivali's attractiveness lies in its well-established residential infrastructure, offering access to schools, healthcare facilities, retail malls, and entertainment options. The area also enjoys excellent connectivity to major transportation routes such as the Western Express Highway and Metro & Suburban Railway Stations, making daily commuting convenient for residents.

Mr. Gaurav Pandey, MD & CEO of Godrej Properties expressed his delight at the overwhelming response to Godrej Reserve, recognizing it as the most successful launch in Mumbai's residential real estate sector. He extended his gratitude to customers and stakeholders for their trust and confidence in GPL, emphasizing the company's dedication to providing an exceptional living experience at Godrej Reserve. Godrej Properties' sold homes in Mumbai testifies the company's commitment to excellence and customer satisfaction.