Godrej Properties Inks Landmark Thane JDA With ₹7,500 Cr Potential

Godrej Properties Thane JDA

Godrej Properties has entered into a significant joint development agreement (JDA) for an 18-acre land parcel in Thane, Mumbai, marking one of its largest residential growth moves in the Mumbai Metropolitan Region. The large-scale housing project carries an estimated revenue potential of ₹7,500 crore and will be developed under an asset-light partnership model, reinforcing the developer’s long-term expansion strategy in high-growth MMR micro-markets.

Key facts

  • Developer: Godrej Properties
  • Location: Thane, Mumbai Metropolitan Region
  • Development Type: Joint Development Agreement (JDA)
  • Total Land Parcel: ≈ 18 acres
  • Estimated Revenue Potential: ≈ ₹7,500 crore
  • Project Nature: Large-scale residential development
  • Launch Timeline: Phased development (as per approvals)

Strategic Importance of Thane

Thane has emerged as one of the most dynamic residential hubs in MMR, driven by robust infrastructure, metro connectivity, and sustained end-user demand. This JDA allows Godrej Properties to strengthen its presence in a high-growth micro-market while optimizing capital deployment through the joint development model.

Local Connectivity & Infrastructure Boost

The project benefits from Thane’s rapidly improving infrastructure and multi-modal connectivity. The area enjoys seamless access to Ghodbunder Road, Eastern Express Highway, and key arterial routes connecting Mumbai, Navi Mumbai, and the western suburbs. Upcoming infrastructure such as the Thane–Borivali twin tunnel, Metro Line 4 (Wadala–Kasarvadavali), and Metro Line 5 is expected to significantly reduce commute times and enhance overall livability.

With established social infrastructure, retail hubs, employment corridors, and strong public transport integration, Thane continues to attract both end-users and long-term investors, making it a strategic choice for large-scale residential developments.

What Sets This Deal Apart

With a projected GDV of ₹7,500 crore, the project ranks among Godrej Properties’ most valuable residential additions in recent years. The scale of development, combined with Thane’s evolving urban profile, positions the project to attract both end-users and long-term investors.

Why This Matters

This Thane JDA underscores Godrej Properties’ continued confidence in the Mumbai region and its strategy of expanding through asset-light partnerships. As infrastructure upgrades accelerate across Thane, the project is expected to contribute meaningfully to the company’s future bookings pipeline.

Disclaimer

All information is based on publicly available reports and announcements. Project details, timelines, and financial estimates are subject to statutory approvals, RERA registrations, and official disclosures by the developer.

More Updates

Explore more updates on Godrej Properties’ residential developments across Mumbai and India: Godrej Projects

Sources: Whalesbook, The Economic Times (ET Real Estate), Free Press Journal, ETRealty

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