Godrej Properties, founded in 1990 and headquartered in Mumbai, posted ₹29,444 crore in pre-sales in FY25, making it India's leading listed real estate developer by booking value that year, with an active presence across 12 major cities. Within Mumbai, the company's first project — Godrej Edenwoods — was at Thane, and the city has remained the cornerstone of its residential portfolio ever since. The Mumbai Metropolitan Region alone contributed more than ₹8,000 crore to Godrej Properties' FY25 booking value. The developer's entry into Matunga East, through Godrej Five Gardens, represents a considered move into one of central Mumbai's most tightly held residential pockets.
Godrej Five Gardens is a luxury residential project by Godrej Properties located in Matunga East, Mumbai, near the well-known Five Gardens. The project is spread over about 1.3 acres and has a single high-rise tower with a limited number of homes for greater privacy. The project covers 1.39 acres, features 102 units, and rises to 39 floors. The address is Agarwal Nagar, Dr Baba Saheb Ambedkar Road, Matunga East, Mumbai, Maharashtra.
Godrej Five Gardens offers 3 BHK and 4 BHK/duplex homes with prices starting from ₹10.25 crore. The 3 BHK configurations range from 1,410 to 1,535 sq ft in carpet area, while 4 BHK units span from 2,100 to 3,000 sq ft, with each floor plan focused on efficient space usage and large living areas. 4 BHK and duplex options start from approximately ₹14.60 crore. More than 80% of the development is devoted to open spaces, ensuring a green and airy living environment within the plot.
Construction was reported at 60% completion as of January 31, 2026. The project is registered under MahaRERA with registration number P51900048424 and is scheduled for delivery in December 2028.
| Configuration | Carpet Area Range | Starting Price |
|---|---|---|
| 3 BHK | 1,410 – 1,535 sq ft | ₹10.25 Cr |
| 4 BHK / Duplex | 2,100 – 3,000 sq ft | ₹14.60 Cr onwards |
The project sits on Jame Jamshed Road, Agarwal Nagar, Matunga East, with the Eastern Express Highway just 120 metres away, Dadar Station approximately 1 km away, and the Dadar East Monorail station 1.1 km away. Bordered by Dadar, Wadala, Mahim, and the Sion-Dharavi belt, the site benefits from seamless road connectivity via the Eastern Express Highway, which links it to both South Mumbai and the northern suburbs.
The Dharavi Metro Station on Aqua Line 3 is approximately 3 km from Matunga East; the Aqua Line connects the locality to Aarey JVLR and Cuffe Parade. For commuters to Bandra Kurla Complex or the eastern employment belt, this combination of Central Railway, the Eastern Express Highway, and Metro Line 3 is tangible infrastructure — not a future promise. The airport is approximately 12–14 km away and reachable in a 30–40 minute drive from the project.
The project name itself signals the locational logic: Five Gardens sits directly at the heart of the project area, serving as the neighbourhood's primary open green space for relaxation, walks, and family time. This is the kind of civic amenity that developers in Mumbai's denser corridors cannot engineer — Godrej Properties has instead chosen a site that inherits it.
Amenities at Godrej Five Gardens include indoor games, a sky gym, a pool, a clubhouse, a jogging track, a yoga lawn, a creative corner, a pet park, a play court, a star-gazing deck, a sky lounge, and a senior citizens park. The clubhouse spans approximately 3,500 sq ft with five-star rated facilities. The tower has advanced CCTV surveillance and round-the-clock security. Internal specifications include vitrified tiles, granite kitchen platform, stainless steel sink, branded fittings, a gymnasium, yoga deck, party lawn, library, movie theatre, and creche play area.
Matunga East is among the few central-Mumbai localities where new residential supply remains genuinely constrained. Property values along the Matunga–Sion corridor increased by approximately 37% between 2021 and 2025, with rental growth in the area reflecting growing occupier demand. The average property price in Matunga East currently stands at around ₹49,100 per sq ft, with property rates typically ranging between ₹2.2 crore and ₹14 crore depending on type and configuration. During Q4 2025 alone, the average price at Godrej Five Gardens moved from ₹66,500 per sq ft to ₹70,400 per sq ft — a 5.86% rise within a single quarter. That premium over the locality average reflects Godrej Properties' brand positioning in this market.
Unlike several peripheral growth corridors that depend largely on future infrastructure projects, Matunga and Sion benefit from mature social infrastructure, established residential communities, and seamless connectivity to key business districts. A large stock of ageing residential buildings forms the core of the area's ongoing transformation, with older buildings increasingly making way for contemporary developments designed to meet the expectations of a new generation of residents. Godrej Five Gardens is operating within this redevelopment cycle, not initiating it.
Established in 1990, Godrej Properties was the first real estate company in India to receive ISO certification. The company has completed more than 92 projects, delivered 41 million sq ft, and currently holds a developable area of 170 million sq ft. In FY25, Godrej Properties recorded ₹29,444 crore in full-year bookings — a 31% year-on-year rise — the highest-ever full-year bookings in its history. The company's managing director described the three-year sales booking CAGR at 55%, noting it is the largest real estate developer in India by booking value for the second consecutive year.
Godrej Properties has completed more than 84 projects across Hyderabad, Ahmedabad, Bengaluru, Mumbai city, Pune, and Mumbai suburban. Within Mumbai, its active pipeline spans the Island City, MMR suburbs, and projects in geographies as varied as Vikhroli, Thane, and now Matunga East. For a buyer tracking Godrej Properties' Mumbai-centric portfolio, Godrej Five Gardens sits at the highest price-point end of the developer's city offerings — a signal of how the brand reads the Matunga East market.
