Real estate major Godrej Properties expects to generate over Rs 100 billion in revenue from its upcoming luxury housing project, Godrej Trilogy, located in Worli, Mumbai.

Spanning 2.63 acres, the project will feature three residential towers, with the company planning to launch two towers in the first phase during the current quarter.

In a regulatory filing on Monday, Godrej Properties announced that it has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for the development. The project forms part of a joint redevelopment of a prime land parcel in South Mumbai.

“The gross estimated revenue potential of the total project is over Rs 100 billion,” the company said.

The developer has so far secured RERA approval for two of the three proposed towers, covering around 1.1 million sq ft of saleable area under Phase 1. The approved towers, named Seaturf and Seafront, will be launched this quarter.

Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, stated that the project reinforces the company’s presence in South Mumbai and aligns with its strategy of acquiring and developing high-potential urban land parcels.

Headquartered in Mumbai, Godrej Properties is one of India’s leading real estate developers, with a strong portfolio of residential and commercial projects across major cities.