Godrej Properties, the real estate arm of the Godrej Group, has successfully launched the first phase of its township project—Godrej Barca at MSR City in Devanahalli, North Bengaluru. At the launch, 1,450 homes worth ₹2,000 crore were sold, covering over 2.2 million sq ft of space. This makes it the most successful project launch in North Bengaluru, both in terms of value and volume.
The full development potential of Godrej MSR City is about 5.6 million sq ft, with more inventory yet to be launched. This township is among Godrej Properties’ largest residential developments, with future sales expected in phases.
In the past year, Devanahalli has seen 212 home sales worth ₹133 crore, based on Square Yards data. Property prices have surged from ₹14,105/sq ft in Q1 2024 to ₹18,056/sq ft in Q1 2025, reflecting the area's rising demand.
Gaurav Pandey, CEO of Godrej Properties, said the massive response to Godrej MSR City reflects customers’ trust and their preference for well-designed, lifestyle-centric communities. He reaffirmed the company's commitment to delivering top-quality homes that align with modern homebuyers' aspirations.
Earlier this month, Godrej announced a new 14-acre premium project in Hoskote, East Bengaluru, aiming for ₹1,500 crore in revenue from that development.
Godrej Properties Limited is a Mumbai-based real estate developer and a key player among the top three builders in Delhi-NCR, Bengaluru, Mumbai, and Pune. Founded in 1990 under the leadership of Adi Godrej, it operates as a subsidiary of the Godrej Industries Group.
As of June 23, 2025, Godrej Properties share price closed at ₹2,402.50, down 1.21%. The stock touched a high of ₹2,429.00 and a low of ₹2,390.90 during the day. It has a market capitalisation of ₹72,280 crore, a P/E ratio of 49.02, and no dividend yield. The stock’s 52-week high is ₹3,402.70, while the 52-week low stands at ₹1,900.00.
With the massive success of the Barca launch in Devanahalli, Godrej Properties has solidified its position as a key player in Bengaluru’s real estate market. Backed by strategic location choices and thoughtful designs, the company continues to meet rising urban housing demands.
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Published on: Jun 24, 2025, 8:59 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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