Godrej Properties receives RERA approval for Phase 1 of Godrej Trilogy in Worli, Mumbai

Godrej Properties Ltd. (GPL) (BSE scrip ID: GODREJPROP), one of India's leading real estate developers, announced that it has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential development, Godrej Trilogy, located in Worli, Mumbai. This is part of a joint development to redevelop a prime land parcel in one of the city's most coveted neighbourhoods. The development will comprise of three towers to be developed on a ~2.63-acre plot. The gross estimated revenue potential of the total project is over INR 10,000 crore.

Strategically located just off Dr. Annie Besant Road and adjoining the iconic Mahalaxmi Racecourse, the project offers unobstructed views of the Racecourse and the Arabian Sea. Designed to deliver an exclusive lifestyle, the residences will feature spacious homes with large private decks and thoughtfully curated amenities.

Currently, RERA approval has been obtained for two of the three proposed towers, comprising approximately 11 lakh square feet of saleable area in Phase 1. With approvals now in place, the first phase featuring towers named Seaturf and Seafront, will be launched in the current quarter, and is expected to contribute meaningfully to the company's residential portfolio in South Mumbai.

Worli has emerged as one of India's most desirable residential destinations, offering seamless connectivity, proximity to key commercial hubs, and well-developed social infrastructure. The neighbourhood is home to leading schools, hospitals, retail outlets, and premium residential and commercial developments, making it a preferred choice for discerning homebuyers.

Commenting on the development, Gaurav Pandey, MD & CEO, Godrej Properties, said, "Receiving RERA approval for our Worli project marks an important step forward in our development timeline. The location offers a rare combination of scale, connectivity, and visibility. This project further strengthens GPL's presence in South Mumbai and aligns with our strategy of acquiring and developing high-potential urban land parcels. We will aim to deliver a landmark development that offers its residents an outstanding quality of life."

* On the basis of current business assumptions.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 2287.35 as compared to the previous close of Rs. 2277.50. The total number of shares traded during the day was 9360 in over 1265 trades.

The stock hit an intraday high of Rs. 2311.35 and intraday low of 2264.35. The net turnover during the day was Rs. 21367462.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 Realty RealEstate RERAApproval MahaRERA GodrejTrilogy Worli Mumbai