Godrej Properties Signs JV Deals in Kandivali West With Shivam Realty Mumbai

Godrej Properties Signs JV Deals in Kandivali West With Shivam Realty Mumbai

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2 year(s) ago

Godrej Properties Expands Kandivali Project with Shivam Realty. Godrej Properties has expanded its partnership with Mumbai developer Shivam Realty to develop a new residential project in Kandivali East. Godrej Properties has signed JV Deals in Kadivali west, Mumbai with Shivam Realty to extend its existing project Godrej Tranquil.

  • Project Highlights:

    • Extension of existing Godrej Tranquil and Godrej Nest projects
    • Location: Off Akurli Crossroad, Hanuman Nagar, Kandivali West
    • Saleable Area: Approximately 7 lakh sq ft
    • Estimated Booking Value: Around Rs 1,000 crore
    • Project Type: Modern residential apartments (various configurations)
  • Strategic Benefits:

    • Leverages Godrej Properties’ brand and financial strength
    • Deepens presence in a well-developed Kandivali micro-market with good infrastructure
  • Godrej Properties’ Recent Acquisitions:

    • 9-acre land parcel in Pimpri-Chinchwad, Pune (estimated revenue potential: Rs 1,400 crore)
    • Joint venture with TDI Group for ultra-luxury project in New Delhi’s Connaught Place
    • 16-acre land parcel in Bengaluru’s Sarjapur for mid-income housing project
  • Industry Context:

    • Ongoing market consolidation favouring large developers with better execution and liquidity
    • Godrej Properties actively raising funds to fuel further acquisitions and portfolio growth

Overall, this project expansion reflects Godrej Properties’ strategic focus on market consolidation and strengthening its presence in key Indian cities.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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