Bengaluru Property Market Update: Godrej Properties sells homes worth Rs 2,000 crore
Godrej MSR City has a developable potential of ~ 5.6 million square feet and has significant unlaunched inventory remaining, which the company plans to sell in the coming years. This is one of GPL's largest residential developments and significantly enhances its presence in Bengaluru.
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03:07 PM IST
Godrej Properties, one of India's leading real estate developers, has sold homes worth over Rs 2,000 crore during the launch of the first phase of the project, Barca @ Godrej MSR City, located in Devanahalli, Bengaluru, according to a stock market disclosure. The project was launched in April 2025.
According to the company, this is the most successful launch ever in the North Bengaluru micro-market in terms of the value and volume of sales achieved.
Godrej MSR City has a developable potential of ~ 5.6 million square feet and has significant unlaunched inventory remaining, which the company plans to sell in the coming years. This is one of GPL's largest residential developments and significantly enhances its presence in Bengaluru.
"The strong demand reflects growing consumer preference for thoughtfully designed communities that offer a blend of lifestyle, connectivity, and long-term value. This success reaffirms our commitment to delivering high-quality developments that resonate with the aspirations of modern homebuyers," said Gaurav Pandey, MD and CEO, Godrej Properties.
Located in the fast-emerging growth corridor of North Bengaluru, Devanahalli has become a major real estate hotspot due to its proximity to Kempegowda International Airport, upcoming metro stations, and arterial routes like NH 44 and the six-lane Bellary Road. The region is witnessing accelerated development driven by key infrastructure projects and the presence of IT and aerospace hubs. With access to tech parks, educational institutions, and healthcare facilities, Devanahalli stands out as one of the most promising destinations for future-ready urban living.
Meanwhile, shares of Godrej Properties were trading at Rs 2,404.2 each, up 0.12 per cent on BSE today at around 3.02 PM IST.
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