Real Estate Developer sells homes worth over Rs 2,000 crore at the launch of its project Godrej MSR City in Bengaluru
The company has a market cap of over Rs 70,000 crore and the stock is up by 30 per cent from its 52-week low of Rs 1,869.50 per share.
Godrej Properties Ltd. (GPL) has announced a monumental sales success at the launch of the first phase of its Bengaluru project, Barca at Godrej MSR City. The Mumbai-based real estate developer sold over 1,450 homes, encompassing more than 2.2 million square feet, generating sales exceeding Rs 2,000 crore. This makes it the most successful launch ever in the North Bengaluru micro-market, both in terms of value and volume of sales. The project, launched in April 2025, marks Godrej MSR City as GPL's largest township development in Bengaluru, significantly bolstering its market presence in the city.
Godrej MSR City boasts a substantial developable potential of approximately 5.6 million square feet. With significant unlaunched inventory still available, Godrej Properties plans to strategically release and sell these units in the coming years. The first phase, Barca @ Godrej MSR City, is designed to offer a unique Mediterranean-inspired lifestyle. It features extensive green spaces, sunlit terraces, and an impressive 1.5 lakh square feet clubhouse, providing residents with a blend of resort-style amenities, modern facilities, and thoughtfully designed areas for leisure, wellness, work, and community engagement.
The project's prime location in Devanahalli, North Bengaluru, is a key factor in its success. This rapidly developing corridor has emerged as a major real estate hotspot due to its close proximity to Kempegowda International Airport and upcoming metro stations. Excellent connectivity is further ensured by arterial routes like NH 44 and the six-lane Bellary Road. Devanahalli's growth is fueled by significant infrastructure projects and the presence of prominent IT and aerospace hubs, offering residents convenient access to tech parks, educational institutions, and healthcare facilities, making it an attractive destination for future-ready urban living.
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Godrej Properties integrates the Godrej Industries Group's values of innovation, sustainability, and excellence into real estate. They combine a 128-year legacy of trust with cutting-edge design and technology. For FY 2024 and 2025, Godrej Properties was India's largest residential developer by sales value. The company is deeply committed to sustainability, having pledged in 2010 that all its developments would be third-party certified green buildings. This commitment earned them global recognition as the #1 listed residential developer for sustainability and governance by the Global Real Estate Sustainability Benchmark in 2020, 2021, and 2022. They also co-founded the Sustainable Housing Leadership Consortium in 2017 to promote sustainable practices in Indian real estate.
The company has a market cap of over Rs 70,000 crore and the stock is up by 30 per cent from its 52-week low of Rs 1,869.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.