Godrej Properties Receives MahaRERA Approval for Phase 1 of Worli Residential Project

Godrej Properties has secured MahaRERA approval for the first phase of its Worli residential project in Mumbai, India. The project, which includes two residential towers on 2.63 acres of land, is expected to generate a revenue of Rs 10,000 crore. The company aims to develop approximately 11 lakh square feet of salable area in the first phase, positioning the project as a landmark development in South Mumbai. This approval is a significant milestone for Godrej Properties, marking its continued expansion into urban land parcels and tier-2 cities.

Key Takeaways:

• Godrej Properties has received MahaRERA approval for phase 1 of its Worli residential project, covering two residential towers on 2.63 acres of land.
• The project is expected to generate a revenue of Rs 10,000 crore, with a salable area of approximately 11 lakh square feet in the first phase.
• The location on Dr Annie Besant Road, adjacent to the Mahalaxmi Racecourse, offers views of the Arabian Sea and a rare combination of scale, connectivity, and visibility.
• Godrej Properties aims to deliver a landmark development that offers high-quality residential spaces, strengthening its presence in South Mumbai.
• The company plans to develop residential projects in metro cities like Bengaluru and Hyderabad, as well as tier-2 cities like Vadodara.
• In the third quarter, Godrej Properties is expected to increase its capital expenditure, with investors closely monitoring its earnings in the second quarter, scheduled for release on November 6.

Statistics:

• Rs 10,000 crore: Estimated revenue from the Worli residential project.
• 2.63 acres: Land parcel for the Worli residential project.
• 11 lakh square feet: Salable area for the Worli residential project in the first phase.
• Rs 1,100 crore: Estimated revenue potential of a residential project in Bengaluru.
• Rs 547 crore: Highest bid offered by Godrej Properties for a 7.8-acre land parcel in Hyderabad.
• 34 acres: Land acquired in Vadodara for developing plotted residential units.

Sources:

• Godrej Properties Ltd. (2025) - MahaRERA approval for phase 1 of Worli residential project.
• IE Online Media Services Pvt. Ltd. (Copyright 2025) - Godrej Properties receives MahaRERA approval for Phase 1 of Worli residential project.
• Contify.com (2025) - Godrej Properties receives MahaRERA approval for phase 1 of Worli residential project.