Godrej Properties Achieves Record Sales at Bengaluru Township Launch
Godrej Properties, a leading real estate developer, has set a new benchmark in the North Bengaluru real estate market with the sale of 1,450 homes worth ₹2,000 crore at the Barca project launch in Devanahalli.
Godrej PropertiesBengaluruReal EstateHome SalesTownship ProjectReal Estate MumbaiJun 23, 2025
The Mumbai-based real estate developer sold homes with over 2.2 million square feet (msf) of area, making it the most successful launch ever in the North Bengaluru micro-market by both value and volume of sales, the company claimed. The phase was launched in April 2025.
Godrej MSR City has a developable potential of 5.6 msf and has significant unlaunched inventory remaining, which the company plans to sell in the coming years. This is one of Godrej Properties’ largest residential developments, the company noted.
Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, said, “We are delighted with the response to our project, Godrej MSR City. The strong demand reflects growing consumer preference for thoughtfully designed communities that offer a blend of lifestyle, connectivity, and long-term value. This success reaffirms our commitment to delivering high-quality developments that resonate with the aspirations of modern homebuyers. We would like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties.”
In the past one year, Devanahalli has seen 212 new sales transactions with a gross sales value of ₹133 crore, according to Square Yards Data Intelligence, a real estate data analytics platform. The property rate in the area is around ₹18,056 per square foot (sq ft) as of the first quarter of the calendar year 2025 (Q1 CY25), against ₹14,105 per sq ft in Q1 CY24.
Earlier this month, the company announced that it will develop a premium residential project on a 14-acre land parcel in Hoskote, East Bengaluru, with an estimated revenue potential of ₹1,500 crore.
Frequently Asked Questions
What is the value of homes sold by Godrej Properties at the Barca project launch?
Godrej Properties sold homes worth ₹2,000 crore at the launch of the Barca project in Devanahalli, Bengaluru.
How many homes were sold at the Barca project launch?
1,450 homes were sold at the Barca project launch.
What is the developable potential of Godrej MSR City?
Godrej MSR City has a developable potential of 5.6 million square feet (msf).
Who is the CEO of Godrej Properties?
Gaurav Pandey is the Managing Director and Chief Executive Officer of Godrej Properties.
What is the estimated revenue potential of the new premium residential project in Hoskote, East Bengaluru?
The new premium residential project in Hoskote, East Bengaluru, has an estimated revenue potential of ₹1,500 crore.
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