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Realty developer Godrej Properties anticipates generating over INR 10,000 crore in gross revenue from its forthcoming residential development named Godrej Trilogy in the Worli area of Mumbai. The 2.63-acre project will comprise three towers, with two of them covering about 11 lakh square feet of saleable area now having secured RERA approval, and registration from Maharashtra Real Estate Regulatory Authority (MahaRERA) obtained earlier this week. In the first phase, the company plans to launch the two approved towers this quarter. The project is a joint development on a prime land parcel in South Mumbai, aligning with the company's strategy to expand its presence in high-potential urban land assets.
Realty firm Godrej Properties is projecting a gross revenue potential in excess of INR 10,000 crore from its upcoming housing development situated in Worli, Mumbai. The project, named Godrej Trilogy, is planned on a 2.63-acre site and will consist of three residential towers. Advertisement
The company has secured the project registration certificate from MahaRERA, signalling regulatory compliance for the development in Worli. This project is being undertaken via a joint development agreement on a premium land parcel in South Mumbai.
In the first phase, two of the three proposed towers have obtained regulatory approval for saleable space of approximately 11 lakh sq ft. These towers named "Seaturf" and "Seafront" are scheduled to be launched during the current quarter.
Godrej Properties' MD & CEO, Gaurav Pandey, noted that this development further strengthens the company's position in the South Mumbai market and aligns with its strategy of acquiring and developing high-potential urban land parcels.
Previously, the site in Worli has been part of large-scale redevelopment discussions involving slum rehabilitation and land-use transformation in the area. For example, earlier joint development plans for redevelopment over about five acres had included both free-sale and rehabilitation components, though those had faced regulatory obstacles in earlier years.
Godrej Properties is recognised as one of India's leading real estate developers and its entry into a major development in Worli underscores its focus on luxury and ultra-premium housing in prime urban locations.
Source PTI
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