Godrej Properties Ltd. announced on February 23, 2026, that it has entered into a joint development agreement to develop an approximately 18-acre land parcel in Thane, Mumbai. The proposed development represents a significant addition to the company's portfolio with an estimated revenue potential of over INR 7,500 crore.

Project Details and Location

The land parcel is strategically located in an established micro-market of Thane, offering excellent connectivity to both existing and upcoming infrastructure developments. The project will be a largely residential development, marking Godrej Properties' fourth venture in the Thane region.

Infrastructure and Connectivity

The development benefits from strategic positioning with access to multiple transportation corridors. Key connectivity features include the Thane–Wadala Metro and the Thane–Borivali twin-tube tunnel, providing seamless access across the Mumbai Metropolitan Region.

Future infrastructure developments are expected to further enhance the location's appeal:

• Thane Coastal Road
• Mumbai–Ahmedabad Bullet Train with dedicated Thane station
• Multiple proposed metro corridors

These connectivity catalysts are anticipated to significantly reduce travel times and improve access to major residential, commercial, and employment hubs across the region.

Management Commentary

Gaurav Pandey, MD & CEO of Godrej Properties, emphasized the strategic importance of the acquisition. "Strategic expansions in high-potential micro-markets are central to our growth strategy and our focus on creating enduring value for homebuyers," Pandey stated. He highlighted that Thane has evolved into one of MMR's most attractive locations, offering a strong mix of public spaces and lifestyle amenities.

Pandey noted that the large format of the land will enable a well-planned integrated residential development, aligning with the company's commitment to building communities that respond to evolving customer needs while contributing meaningfully to their cities.

Market Position and Recognition

Godrej Properties maintains its position as a leading real estate developer in India. In FY 2025, the company retained its status as India's largest developer by the value of residential sales achieved. The company has received recognition for its sustainability practices, with the Global Real Estate Sustainability Benchmark ranking it #1 globally amongst listed residential developers in 2020, 2021, 2022, and 2025.

The company has also achieved top ranking in the Real Estate and Management sector on the S&P Global's Dow Jones best in class indices as of December 31st, 2025. In recent years, Godrej Properties has received over 500 awards and recognitions across various categories in the real estate sector.

Godrej Properties has received an official regulatory disclosure from Anamudi Real Estates LLP regarding the acquisition of additional equity shares. The transaction, completed on February 19, 2026, represents a strategic move by the promoter group entity to increase its stake in the real estate development company.

Official Regulatory Filing

Anamudi Real Estates LLP submitted the disclosure on February 20, 2026, to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company, with LLPIN AAC-1658, operates from its registered office at Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai.

Transaction Specifics

Anamudi Real Estates LLP acquired 5,20,000 equity shares of Godrej Properties Limited through open market purchase. The shares, with a face value of Rs. 5 each, were purchased as part of the company's ongoing investment strategy.

Shareholding Pattern Changes

The acquisition resulted in significant changes to Anamudi Real Estates LLP's shareholding position in Godrej Properties Limited. The company's individual holding increased from 35,28,135 shares to 40,48,135 shares, while the combined holding with persons acting in concert (PAC) rose to 14,61,20,409 shares.

Company Capital Structure

Godrej Properties Limited maintains its equity share capital at Rs. 1,50,60,31,720, comprising 30,12,06,344 equity shares of Rs. 5 each. The total diluted share capital stands at Rs. 1,50,62,49,870, representing 30,12,49,974 equity shares.

Regulatory Compliance and Market Presence

The disclosure confirms Anamudi Real Estates LLP's status as part of the promoter group and persons acting in concert of Godrej Properties Limited. The company maintains no encumbrances, voting rights other than shares, or convertible securities. Godrej Properties continues to trade on both NSE and BSE, providing liquidity for investors and stakeholders in the real estate sector.