Godrej Properties secures RERA approval for Phase 1 of Godrej Trilogy in Worli, Mumbai
Godrej Properties received RERA approval for Phase 1 of Godrej Trilogy in Worli, Mumbai. The project has a gross revenue potential over ₹10,000 crore, with the first phase launching this quarter.
The project's estimated gross revenue potential of over ₹10,000 crore is substantial, and its launch strengthens the company's market presence in a prime location like South Mumbai, indicating a high financial and strategic impact.
The RERA approval for a major residential project with a significant revenue potential of over ₹10,000 crore, coupled with its strategic location and planned launch, indicates strong positive momentum for Godrej Properties.
Godrej Properties Limited (GPL) has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for Phase 1 of its upcoming residential development, Godrej Trilogy, in Worli, Mumbai. * The total project, a joint development to redevelop a prime land parcel on a ~2.63-acre plot, is estimated to have a gross revenue potential exceeding ₹10,000 crore. * RERA approval has been obtained for two of the three proposed towers in Phase 1, named Seaturf and Seafront, comprising approximately 11 lakh square feet of saleable area. * The first phase will be launched in the current quarter, aiming to significantly contribute to the company's residential portfolio in South Mumbai. * The project is strategically located off Dr. Annie Besant Road, adjoining the Mahalaxmi Racecourse, offering unobstructed views of the Racecourse and the Arabian Sea. * Gaurav Pandey, MD & CEO, Godrej Properties, stated that the RERA approval is an important step, strengthening GPL's presence in South Mumbai and aligning with its strategy to acquire and develop high-potential urban land parcels.
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See the model portfoliosA plain-language summary of a public exchange filing by Godrej Properties Limited. Read the original for the full detail.