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Shares of Godrej Properties Ltd. gained as much as 2% on Monday, October 27, after the company said it has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential project Godrej Trilogy in Worli, Mumbai.
The project is part of a joint development to redevelop a prime land parcel — it will comprise three towards on a 2.63 acre plot, the company said. The entire project has a gross estimated revenue potential of more than ₹10,000 crore, the company's exchange filing stated.
Godrej Properties has received RERA approval for two of the three proposed towers, comprising around 11 lakh square feet saleable area in Phase 1, it said. The first phase features towers Seaturf and Seafront and will be launched the ongoing quarter.
The project is located on Annie Besant Road and offers unobstructed views of the Mahalakshmi Racecourse and the Arabian Sea. Godrej Properties said the residences will feature spacious homes with large private decks and curated amenities.
"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," Gaurav Pandey, MD and CEO of Godrej Properties, said.
Shares of Godrej Properties are currently trading 1.5% higher at ₹2,320.7. The stock has risen 17% in the last one month, but has been an underperformer so far in 2025, having declined over 16%.
Also Read: Kotak Bank analysts see limited re-rating room, but expect stock to test ₹2,650 levels
The project is part of a joint development to redevelop a prime land parcel — it will comprise three towards on a 2.63 acre plot, the company said. The entire project has a gross estimated revenue potential of more than ₹10,000 crore, the company's exchange filing stated.
Godrej Properties has received RERA approval for two of the three proposed towers, comprising around 11 lakh square feet saleable area in Phase 1, it said. The first phase features towers Seaturf and Seafront and will be launched the ongoing quarter.
The project is located on Annie Besant Road and offers unobstructed views of the Mahalakshmi Racecourse and the Arabian Sea. Godrej Properties said the residences will feature spacious homes with large private decks and curated amenities.
"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," Gaurav Pandey, MD and CEO of Godrej Properties, said.
Shares of Godrej Properties are currently trading 1.5% higher at ₹2,320.7. The stock has risen 17% in the last one month, but has been an underperformer so far in 2025, having declined over 16%.
Also Read: Kotak Bank analysts see limited re-rating room, but expect stock to test ₹2,650 levels
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