Godrej Group entities Godrej & Boyce and Godrej Properties have decided to continue their Memorandums of Understanding (MoU) for the development of land in Mumbai’s eastern suburb Vikhroli. The proposed development will take place as and when Godrej & Boyce desires to develop the land. The Godrej Group owns over 3,400 acres in Vikhroli, and around 1,000 acres can be developed. The valuation of the developable land itself can be around Rs 1 lakh crore ($13.5 billion).