Godrej x Thane: A ₹7,500 Crore Vision for Modern Living

Godrej Properties has signed a joint development agreement (JDA) to develop an approximately 18-acre land parcel in Thane, Maharashtra.

The predominantly residential project is estimated to have a revenue potential exceeding ₹7,500 crore. The site is expected to benefit from enhanced connectivity through the Thane–Wadala Metro and the Thane–Borivali twin-tube tunnel. Additional infrastructure projects — including the Thane Coastal Road and the Mumbai–Ahmedabad High-Speed Rail Corridor with a station at Thane, along with proposed metro corridors — are set to significantly reduce travel time across the Mumbai Metropolitan Region (MMR).

Thane already offers strong social infrastructure, with established schools, hospitals, shopping centres and recreational facilities. Coupled with sustained residential demand and upcoming connectivity upgrades, the development is expected to further enhance the area’s position as a major housing hub.

Commenting on the expansion, Managing Director and CEO Gaurav Pandey said strategic growth in high-potential micro-markets remains central to the company’s strategy. He noted that Thane has emerged as one of MMR’s most attractive residential destinations, and the scale of the land parcel will enable a well-planned, integrated residential community — the company’s fourth project in the city.

News by Rahul Yelligetti.