Shares of Godrej Properties Ltd surged 2% to touch a day’s high of Rs 2,339 on 27th October after the company announced that it has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential project, Godrej Trilogy, in Worli, Mumbai.

The Worli project is part of a joint redevelopment of a prime 2.63-acre land parcel. It will include three towers, Godrej Properties said. The entire project has an estimated revenue potential of over Rs 10,000 crore, according to its exchange filing.

The company has received MahaRERA approval for two of the three towers — Seaturf and Seafront. These make up Phase 1, covering about 11 lakh square feet of saleable area. Phase 1 is set to launch this quarter.

Located on Annie Besant Road, the project offers views of the Mahalakshmi Racecourse and the Arabian Sea. The residences will include spacious homes with private decks and premium amenities.

MD and CEO Gaurav Pandey said the RERA approval is a key milestone. He noted that the location combines scale, connectivity, and visibility.

At 11:09 AM, shares of Godrej Properties were trading 2.25% higher at Rs 2,339.30 on NSE.

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