Godrej Properties Secures RERA Nod for Mumbai’s Worli Project, Aiming for ₹10,000 Crore Revenue

Godrej Properties Ltd has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential development, Godrej Trilogy, in Worli, Mumbai. The company, in a regulatory filing on October 27, stated that it expects to generate over ₹10,000 crore in revenue from the project.

The project is part of a joint development to redevelop a prime land parcel in the Worli area. The development will consist of three towers to be built on a 2.63-acre plot. The gross estimated revenue potential of the total project is over ₹10,000 crore, the company noted.

The project by Godrej Properties Ltd is situated off Dr. Annie Besant Road and adjoining the Mahalaxmi Racecourse. It offers unobstructed views of the Racecourse and the Arabian Sea, making it a highly desirable location for luxury residential units.

Currently, RERA approval has been obtained for two of the three proposed towers, comprising approximately 11 lakh square feet of saleable area in Phase 1. With approvals now in place, the first phase featuring towers named Seaturf and Seafront will be launched in the current quarter and is expected to contribute to the company’s residential portfolio in South Mumbai, the company 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. We will aim to deliver a landmark development that offers its residents an outstanding quality of life,” said Gaurav Pandey, MD and CEO, Godrej Properties.

Godrej Properties is a leading real estate developer in India, known for its commitment to quality and innovation. The company has a strong presence in major cities across the country and is dedicated to creating sustainable and livable communities. The Worli project is a significant addition to their portfolio, reflecting their strategic focus on high-potential urban areas.

The project is expected to attract a wide range of homebuyers, from young professionals to families looking for a premium living experience in the heart of Mumbai. The company’s focus on delivering a high-quality development with excellent amenities and connectivity is expected to make Godrej Trilogy a sought-after address in South Mumbai.

With the RERA nod, Godrej Properties is well-positioned to capitalize on the growing demand for luxury residential units in prime locations. The project is expected to set new benchmarks in the real estate market and contribute significantly to the company’s revenue targets.