New Delhi: Banke International Properties has expanded its developer network across the Mumbai Metropolitan Region (MMR), entering into agreements under the Association of Persons (AOP) model with major residential developers. The partnerships cover a project inventory valued at approximately Rs 10,000 crore and are expected to strengthen the company’s role in residential property sales across the region.
The portfolio includes projects from Godrej Properties, L&T Realty, Piramal Realty, Lodha and MS Realty, spanning established residential markets in the western suburbs and Thane, as well as emerging growth corridors across the MMR. The partnerships will focus on sales across multiple residential developments, with opportunities arising from projects scheduled for launch or expansion during the current financial year.
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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; and Piramal Revanta, Piramal Aranya and Piramal Mahalaxmi by Piramal Realty. The portfolio also includes Lodha Acenza, Eternis, Solis, Woods, Altus, Corinthia and Regalia, alongside MS Courtyard, Gateway, H2O and K3 by MS Realty.
Banke International Properties expects these partnerships to generate approximately Rs 500 crore in sales during the current financial year. This would contribute to its overall sales target of Rs 1,000 crore. With several projects expected to launch or expand during the year, the company anticipates opportunities among both domestic buyers and non-resident Indians (NRIs).
The AOP framework is intended to establish a more structured approach to sales and distribution, bringing developers and channel partners into closer alignment. Under this model, Banke International Properties will work with its developer partners on targeted marketing, customer engagement and sales execution. The company expects the western suburbs, stretching from Bandra to Mira Road, and the Thane market to account for a significant share of sales generated through the partnerships.
Alongside its existing agreements, Banke International Properties is evaluating further AOP opportunities in Navi Mumbai and the western suburbs. It plans to sign six to seven additional 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.”
The company’s international presence and established NRI network are expected to support its efforts to connect developers with buyers across domestic and overseas markets. Through its AOP partnerships, Banke International Properties aims to expand its developer relationships, strengthen its channel partner network and improve access to residential projects for prospective homebuyers.
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The expansion comes as the company pursues its broader ambition of building a scalable real estate advisory platform across India and key overseas markets. Its approach centres on developing long-term relationships with residential developers while using its buyer network and sales capabilities to support project distribution across the MMR.
