Godrej Properties purchases land in South Mumbai for luxury development

03 Aug 2022 CW Team

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

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..