The upcoming project ‘Godrej Trilogy’, covering 2.63 hectares, will include three residential towers.
In the first phase, the company will launch two towers this quarter.
In a regulatory filing on Monday, the company said it has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential development, Godrej Trilogy, located in Worli.
This is part of a joint development to redevelop a prime plot of land.
“The gross estimated revenue potential of the total project is in excess of Rs 10,000 crore,” the company said. Currently, RERA approval has been obtained for two of the three proposed towers, which comprise around 11 lakh sq ft of salable area in phase 1. Now that approvals have been granted, the first phase of towers named Seaturf and Seafront will be launched in the current quarter.
Gaurav Pandey, MD and CEO of Godrej Properties, said this project further strengthens the company’s presence in South Mumbai and aligns with its strategy of acquiring and developing high-potential urban plots.
Mumbai-based Godrej Properties is one of the country’s leading real estate developers.
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