Mumbai: Banke International Properties has entered into Association of Persons (AOP) partnerships with several real estate developers operating across the Mumbai Metropolitan Region (MMR), strengthening its role as a channel partner in the residential property market.
The partnerships, covering an estimated project inventory of approximately Rs 10,000 crore, include residential developments by Godrej Properties, L&T Realty, Piramal Realty, Lodha, and MS Realty. The portfolio spans key residential micro-markets across the western suburbs, Thane, and emerging growth corridors within the MMR.
Under the agreements, Banke International Properties will drive sales for Godrej Nurture, Varanya, and Godrej Panvel by Godrej Properties; the Wagle Estate development and an upcoming Malad project by L&T Realty; Piramal Revanta, Piramal Aranya, and Piramal Mahalaxmi by Piramal Realty; Lodha Acenza, Eternis, Solis, Woods, Altus, Corinthia, and Regalia; and MS Courtyard, Gateway, H2O, and K3 by MS Realty. These projects are located across some of the Mumbai Metropolitan Region’s key residential destinations.
The company expects these partnerships to contribute approximately Rs 500 crore in sales during the current financial year, supporting its overall sales target of Rs 1,000 crore. Several of the projects included under the agreements are scheduled for launch or expansion during the year, creating opportunities across both domestic and non-resident Indian (NRI) buyer segments.
As part of the agreements, Banke International Properties will work closely with its developer partners through a structured and performance-driven framework aimed at driving sales. The AOP model is intended to strengthen alignment between developers and channel partners by enabling focused marketing, enhanced customer engagement, and improved sales outcomes. According to the company, the western suburbs, extending from Bandra to Mira Road, along with the Thane market, are expected to contribute significantly to sales generated through these partnerships.
Banke International Properties is also evaluating additional AOP opportunities across Navi Mumbai and the western suburbs. The company plans to sign six to seven more partnerships during the current financial year, which are expected to create an incremental sales opportunity of around Rs 200 crore.
Commenting on the development, Aditya Pushkarna, Associate Director, Banke International Properties, said, “Mumbai is turning into a residential market that is becoming increasingly specialized. Buyers are seeking deeper market knowledge, better advisory support, and greater confidence in project selection. Given the prevailing environment, developers are looking beyond conventional distribution models and involving partners who can bring targeted customer access, market intelligence, and execution capability. The AOP framework reflects this evolution and allows all stakeholders to work together, meeting objectives and creating a more accountable and efficient sales ecosystem. As an approach, this will become increasingly relevant as the market continues to mature and competition for quality buyers intensifies.”
Backed by its international presence and established NRI network, Banke International Properties intends to connect developers with buyers across domestic and overseas markets through its AOP partnerships. The company stated that the partnerships are expected to support stronger developer relationships, enhance collaboration with channel partners, and improve engagement with homebuyers. As the Mumbai Metropolitan Region continues to evolve as a major residential market, the company remains focused on expanding its advisory platform across India and selected international markets.
