“Launched in April 2025, this is the most successful launch ever in the North Bengaluru micro-market in terms of the value and volume of sales achieved,” the company said in a statement.
Godrej MSR City has a developable potential of 5.6 million square feet, with significant unlaunched inventory remaining, which Godrej Properties said it plans to sell in the coming years.
Barca @ Godrej MSR City comprises expansive green zones, sunlit terraces and a 1.5 lakh square feet clubhouse, amenities and designed spaces for leisure, wellness, work and community connection, the company said.
The company said Devanahalli in North Bengaluru has become a hotspot for real estate due to its proximity to Kempegowda International Airport, upcoming metro stations and arterial roads such as NH 44 and the six-lane Bellary Road.
The region is also witnessing development driven by key infrastructure projects and presence of IT and aerospace hubs. It also has access to tech parks, educational institutions and healthcare facilities.
“The strong demand reflects growing consumer preference for thoughtfully designed communities that offer a blend of lifestyle, connectivity and long-term value,” Gaurav Pandey, the MD and CEO of Godrej Properties, said.
Last week, Godrej Properties acquired around 16 acre land in Pune’s Upper Kharadi locality last week.
The project, as per the regulatory filing, is expected to have a developable potential of 2.5 million square feet with an estimated revenue potential of ₹3,100 crore.
The development on this land will primarily comprise premium group housing and high-street retail, Godrej Properties said in a statement.
Shares of Godrej Properties Ltd. ended the previous session 1.59% up at ₹2,418 apiece. The stock has gained 10.8% in the past month.
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