Godrej Properties shares in focus as township launch nets Rs 2,000 crore in sales
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Shares of Godrej Properties are expected to be in focus on Monday, June 23, after the Mumbai-based real estate developer announced that it has sold homes worth over Rs 2,000 crore at the launch of its township project Godrej MSR City in North Bengaluru.The launch, which took place in April 2025, is described as the most successful launch ever in the North Bengaluru micro-market in terms of both value and volume of homes sold.The first phase of the project, Barca @ Godrej MSR City, saw over 1,450 homes sold, covering more than 2.2 million square feet of area.The township project is located in Devanahalli, one of the fastest-growing urban corridors in North Bengaluru.According to the company, Godrej MSR City is GPL's largest township project in Bengaluru, with a total development potential of approximately 5.6 million square feet, of which a substantial portion remains unlaunched and is expected to be brought to market over the next several years.Barca @ Godrej MSR City features Mediterranean-inspired homes surrounded by expansive green zones and open spaces. It also includes a 1.5 lakh sq. ft. clubhouse with a range of amenities for leisure, wellness, and social interaction, designed to meet evolving urban lifestyle demands.Godrej Properties highlighted that the successful launch not only underscores strong consumer demand but also strengthens its presence in the Bengaluru market, which continues to be a key growth driver for the company.The Devanahalli region, where the township is located, has emerged as a real estate hotspot due to its proximity to Kempegowda International Airport, Bellary Road, upcoming metro stations, and the presence of IT and aerospace hubs.The company noted that the area is seeing rapid infrastructure development, further enhancing its appeal for residential and investment purposes.'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. We will do our best to ensure Godrej MSR City offers its residents an outstanding living experience,' said Gaurav Pandey, MD & CEO of Godrej Properties.On Friday, Godrej Properties shares closed 2.11% higher at Rs 2,430.25 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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