Indian real estate developer Godrej Properties has announced a new redevelopment project in Wadala, Mumbai on a land parcel spread over 7.5 acres.

Godrej Properties said that the Wadala redevelopment project will offer nearly 1.6 million square feet of saleable area, which will mainly comprise residential apartments having various configurations.

According to the Mumbai-based real estate developer, the land parcel is located in a marquee residential area and is near the Matunga Five Gardens.

Godrej Properties said that the Wadala residential apartments project, on its eastern side, will provide uninterrupted views of the eastern seaboard.

Mohit Malhotra – MD and CEO of Godrej Properties said: “We are happy to add this important new project in Wadala. This marks our entry into an important micro market within Mumbai and fits within our current strategy of adding large projects across the country’s leading real estate markets.

“We will seek to ensure this project delivers an outstanding lifestyle for its existing and future residents.”

Recently, Godrej Properties had launched phase 2 of Godrej Woods residential project in Noida.

  Godrej Properties, India, Mohit Malhotra, Mumbai, Real estate industry news, Wadala