Godrej Properties Partners with BMC for Bayside Promenade Project at Bandra Bay

Key numbers

Market Cap	₹47,596.8 CrRealty Sector
PE TTM	29.74Sector PE: 34.93
Promoter Holding	51.66%Latest Quarter
1Yr Price Change	-23.17%Trailing 12 Months

Key highlights

• Phase 1 includes a signature promenade, a bayside walking track, and landscaped gardens
• Lifestyle hub will integrate a pet park, literature zone, and an amphitheatre
• Proposed second phase to introduce a mini golf course and dedicated sports zones
• GPL achieved record sales bookings of ₹8,651 crore in the quarter ended June 30, 2026
• Company maintains a project pipeline of 258 million sq. ft. across 126 projects

Urban Infrastructure Partnership in Mumbai

Godrej Properties Limited (GPL) has announced a collaboration with the Brihanmumbai Municipal Corporation (BMC) and RC Group to develop the Bayside Promenade at Bandra Bay. The project aims to convert underused bayfront land into a lush, verdant public realm. The first phase of development brings together three key community spaces: a signature bayside walking track, a garden with landscaped lawns, and a lifestyle hub that includes a pet park and amphitheatre.

This initiative is part of the BMC's broader vision to shape the Bandra Reclamation area into a premier waterfront district, enhancing the character of the neighborhood for residents and visitors.

Strategic Pipeline and Fiscal Performance

The Bandra project follows a series of high-value agreements signed by Godrej Properties in 2026, including a ₹6,000 crore luxury housing project at Marine Lines and a ₹7,500 crore residential development in Thane. For the quarter ended June 30, 2026, the company reported operating revenue of ₹506.17 crore, a 16.48% increase year-on-year. While net profit for the quarter stood at ₹350.1 crore, the management has reiterated its full-year sales bookings guidance of ₹39,000 crore for FY27.

As of December 2025, the company was ranked as the number one real estate firm worldwide on the Dow Jones Sustainability Indices.

Project Components and Design Focus

• Development of a bayside walking track and landscaped lawns in Phase 1
• Creation of a lifestyle hub combining a pet park, literature zone, and amphitheatre
• Future phase to introduce a mini golf course set amid lush green spaces
• Sustainability-led design focused on durability and ease of maintenance
• Community-centric planning with dedicated activity and sports zones in Phase 2

Management on Waterfront Development

Bandra Bay is an opportunity to thoughtfully enhance one of Mumbai’s most distinctive waterfronts and create a richly landscaped public realm that brings people closer to nature. Our focus has been on ensuring that every element responds to its context, is purposeful in its use, and is designed for durability and ease of maintenance.

What to watch next

• Board meeting to approve Q2 FY27 financial results on October 23, 2026
• Commencement of construction for Phase 2, including the mini golf course
• Updates on the ₹6,000 crore Marine Lines luxury housing joint development

“Bandra’s waterfront is among Mumbai’s finest natural assets, and our endeavour is to make it more vibrant and usable for citizens, in keeping with the larger Bandra Bay promenade vision.”

Godrej Properties · financial snapshot

Share price	₹1580.1
Market capitalisation	₹47,596.80 Cr
Revenue (annual)	₹5,131.43 Cr
Net profit (annual)	₹1,850.20 Cr
Revenue (latest quarter)	₹506.17 Cr-85.36% vs previous quarter
Net profit (latest quarter)	₹350.10 Cr-46.13% vs previous quarter
P/E (TTM)	29.74×Sector 34.93×
Promoter holding	51.66%0.00% QoQ
FII holding	25.32%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.