Phase II launch of The Trees sees Godrej Properties rise by 2%

Godrej The Trees Vikhroli East Mumbai

The launch of Godrej Properties flagship project ‘The Trees’ residential phase II in Mumbai has led to an increase of 2.4% in the company’s share price during intra day trading on Thursday.

Phase I of the flagship project was launched last year in November. The company in its filing states “In first phase, we saw rapid sales with 348 apartments representing 93 percent of total available units sold within one month of launch. The Trees is one of the largest real estate projects in Vikhroli, Mumbai. This second phase of residences contains a total of 256 apartments with a saleable area of approximately 32,000 square meters (3,44,000 square feet).”

The Trees is mixed-used development with a vast commercial space spread across over 9.4 acres.