India, Feb. 23 -- Mumbai-based listed real estate developer Godrej Properties on February 23 announced that it has entered into a joint development agreement to develop an 18-acre land parcel in an established micro-market of Thane with an estimated revenue potential of around Rs.7,500 crore.

According to the company, the land parcel will have excellent connectivity to both existing and upcoming infrastructure, including the Thane-Wadala Metro and the Thane-Borivali twin-tube tunnel.

"Key regional connectivity catalysts such as the Thane Coastal Road, the Mumbai-Ahmedabad Bullet Train (with a dedicated Thane station), and multiple proposed metro corridors are expected to significantly reduce travel times, benefiting surrounding catchmen...