New Delhi, Apr 4 (PTI) Godrej Properties Ltd on Friday said the company expects revenue of Rs 1,350 crore from a new housing project in Mumbai.

In a regulatory filing, Godrej Properties said it has "entered into an agreement for development of a prime land parcel in Versova, Mumbai".

Also Read | TNUSRB SI Recruitment 2025: Notification Released For 1,299 Sub-Inspector Vacancies at tnusrb.tn.gov.in; Know Age Limit, Eligibility Criteria and Other Important Details.

This project is estimated to have a developable potential of 4.4 lakh square feet of saleable area, comprising primarily of premium residential development, with an estimated revenue potential of Rs 1,350 crore.

"This is our first land acquisition in Versova and reflects our confidence in the area's potential. It further strengthens our presence in Mumbai and aligns with our growth strategy, which focuses on delivering high-quality developments in high-demand micro-markets," Gaurav Pandey, MD & CEO of Godrej Properties, said.

Also Read | Famous Birthdays on April 4: Parveen Babi, Robert Downey Jr., Maya Angelou and Harvey Elliott - Know About Celebrities and Influential Figures Born on April 4.

Godrej Properties is one of the leading real estate developers in the country.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)