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Godrej Properties Ltd has recorded residential sales exceeding INR 2,000 crore in the first phase of its luxury housing project, Godrej Trilogy, located in Worli, South Mumbai. The sales milestone has been achieved shortly after the project launch, reflecting sustained demand for high-end residential properties in one of Mumbai's most premium micro-markets. The company has launched homes with an estimated saleable value of around INR 3,500 crore as part of the development. According to regulatory disclosures, close to 100 homes have already been sold since the project was introduced late last year. The strong response underlines the continued appetite for luxury housing in South Mumbai, supported by limited supply, established social infrastructure and strong end-user and investor interest in well-located, branded developments.
Real estate developer Godrej Properties Ltd has reported sales of homes worth over INR 2,000 crore in the first phase of its newly launched luxury residential project at Worli in South Mumbai. The update was shared through a regulatory filing made earlier this week. Advertisement
The company stated that the sales were achieved at Godrej Trilogy, a premium housing development located in one of Mumbai's most sought-after residential precincts. The project was launched in the past few months, and the initial phase has seen strong traction from buyers despite a high base of pricing typically associated with the Worli micro-market.
According to the disclosure, Godrej Properties has launched residential units with a total estimated saleable value of around INR 3,500 crore at the project. Of this, homes worth more than INR 2,000 crore have already been sold, indicating a substantial absorption rate in the early stages of the development cycle. The company further noted that nearly 100 homes have been sold at Godrej Trilogy since the project's launch towards the end of last year.
Worli remains one of South Mumbai's most premium residential locations, characterised by limited land availability, proximity to the city's central business districts, established social infrastructure and strong connectivity to both South and Central Mumbai. Luxury residential projects in the area typically attract high-net-worth individuals and long-term investors, contributing to relatively stable demand even during periods of broader market volatility.
Godrej Trilogy forms part of the developer's strategy to strengthen its presence in the premium and luxury housing segments across major Indian cities. The project adds to the company's portfolio of high-value developments in Mumbai, where it has been focusing on well-located projects with a mix of redevelopment and greenfield opportunities.
Godrej Properties is among the leading real estate developers in the country, with a presence across key residential markets including Mumbai, Delhi-NCR, Bengaluru, Pune and Hyderabad. The company has been expanding its development pipeline through a combination of outright land acquisitions, joint developments and redevelopment projects, while maintaining an asset-light approach in several markets.
The strong sales performance at Godrej Trilogy comes at a time when the luxury housing segment in Mumbai has been witnessing steady demand, driven by end-users upgrading homes and investors seeking long-term capital appreciation in established micro-markets. With a significant portion of the project's inventory already absorbed in the first phase, the development is expected to contribute meaningfully to the company's residential booking volumes in the current financial year.
Source - PTI
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