Godrej Properties Limited has informed the Exchange regarding a press release dated Jun 23, 2025, titled "Press release".
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Godrej Properties announced that it sold homes worth over ₹2,000 crores at the launch of the first phase of its project Barca @ Godrej MSR City in Devanahalli, Bengaluru. The company sold more than 1,450 homes covering approximately 2.2 million square feet, making it the most successful launch ever in the North Bengaluru micro-market by both value and volume. Launched in April 2025, this is GPL's largest township project in Bengaluru, with a total developable potential of around 5.6 million square feet and significant unlaunched inventory planned for the coming years. The project is located in a fast-growing corridor near Kempegowda International Airport, upcoming metro stations, and major IT/aerospace hubs. MD & CEO Gaurav Pandey highlighted strong consumer demand for thoughtfully designed communities with connectivity and long-term value.
Strong launch sales of ₹2,000+ crores reinforce Godrej Properties' position as India's largest residential developer and signal robust demand in its key markets, likely positive for investor sentiment and the stock. The large unsold inventory pipeline in the same project also provides multi-year revenue visibility.