Mumbai, October 27 (Monday): Shares of Godrej Properties Ltd (GPL) edged up 1.18% to ₹2,314.90 in Monday’s early session after the company announced receiving the Maharashtra Real Estate Regulatory Authority (MahaRERA) registration certificate for the first phase of its landmark Worli project, Godrej Trilogy. The stock gained ₹27.10 from its previous close of ₹2,287.80, taking the company’s market capitalization to ₹697.80 billion on the NSE.
Project overview
Godrej Trilogy is set to be a flagship luxury development in Worli, Mumbai, one of the city’s most premium neighborhoods.
| Feature | Details |
|---|---|
| Location | Worli, Mumbai |
| Total Area | ~2.63 acres |
| Estimated Project Value | Over ₹10,000 crore (gross revenue potential) |
| Phase 1 Approval | Two towers – Seaturf and Seafront |
| Saleable Area (Phase 1) | ~11 lakh sq. ft |
| Launch Timeline | Current quarter |
The project is strategically located off Dr. Annie Besant Road, adjacent to the Mahalaxmi Racecourse, offering unobstructed views of the Arabian Sea and proximity to key business districts and social infrastructure.
Strategic design and lifestyle proposition
Godrej Trilogy is envisioned as a luxury residential development offering:
- Spacious apartments with large private decks
- World-class amenities
- A focus on modern, sustainable living and high-end urban design
Management commentary
Commenting on the milestone, Gaurav Pandey, MD & CEO of 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.”
Market outlook
Analysts note that the RERA approval for the ₹10,000 crore project is a key positive for Godrej Properties’ premium housing portfolio, reinforcing its leadership in Mumbai’s luxury real estate market. The development is expected to contribute significantly to the company’s upcoming revenue stream and expand its footprint in South Mumbai.
Stock Update:
- Current Price: ₹2,314.90
- Change: +1.18% (+₹27.10)
- Market Cap: ₹697.80 billion
- Day Range: ₹2,306.70 – ₹2,333.70
- Year Range: ₹1,900.00 – ₹3,022.80
- P/E Ratio: 46.00
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