Godrej Properties purchases land in South Mumbai for luxury development
Real Estate

Godrej Properties purchases land in South Mumbai for luxury development

The Godrej Group's real estate development division, Godrej Properties, has purchased a plot of land close to Mumbai's upscale residential neighbourhood Carmichael Road in order to build a luxury property there.

Based on existing property pricing in the area and current business assumptions, the new project's estimated booking value potential is roughly Rs 12 billion.

The land, which covers an area of roughly 0.5 acre, is situated in one of India's most renowned and sought-after residential neighbourhoods.

The Karam Chand Thapar (KCT) group sold the land tract to Godrej Properties.

In the present market situation, where bond yields are starting to move upward, industry analysts predict the ongoing market consolidation in favour of large and established developers will gain speed due to their execution capability and access to liquidity.

Also read:
Government of Haryana adopts land pooling policy
Saudi Arabia to build a desert skyscraper worth up to $1 trillion


The Godrej Group's real estate development division, Godrej Properties, has purchased a plot of land close to Mumbai's upscale residential neighbourhood Carmichael Road in order to build a luxury property there. Based on existing property pricing in the area and current business assumptions, the new project's estimated booking value potential is roughly Rs 12 billion. The land, which covers an area of roughly 0.5 acre, is situated in one of India's most renowned and sought-after residential neighbourhoods. The Karam Chand Thapar (KCT) group sold the land tract to Godrej Properties. In the present market situation, where bond yields are starting to move upward, industry analysts predict the ongoing market consolidation in favour of large and established developers will gain speed due to their execution capability and access to liquidity. Also read: Government of Haryana adopts land pooling policySaudi Arabia to build a desert skyscraper worth up to $1 trillion

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?