Godrej Properties Achieves Record-Breaking Sales Bookings in Q2 FY25
Godrej Properties Ltd, a leading real estate developer in India, has reported a 3% increase in sale bookings to nearly ₹5,200 crore in the second quarter of FY25, driven by strong housing demand in key cities such as Pune and Bengaluru.
Godrej PropertiesReal EstateSale BookingsQ2 Fy25Housing DemandReal Estate PuneOct 04, 2024
The company's sales booking value grew 89% year-on-year to over ₹13,800 crore, achieved through the sale of more than 8,600 homes with a total area of over 14 million square feet. This is the highest-ever booking value achieved by Godrej Properties during the first half of a fiscal year.
Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, expressed his delight with the company's performance, stating that the sales growth was driven by an improving project mix and strong volume growth of 89%. He also highlighted that the company's robust sales performance has translated into record collections growth of 62% to over ₹7,000 crore and operational cash flow growth of over 200% to over ₹2,800 crore in H1FY25.
Godrej Properties is one of the leading real estate developers in India, with a strong presence in Delhi-NCR, Mumbai Metropolitan Region, Pune, and Bengaluru. The company became the largest listed real estate firm in terms of sale bookings during the 2023-24 fiscal.
About Godrej Properties \nGodrej Properties Ltd is a leading real estate developer in India, with a strong presence in key cities such as Delhi-NCR, Mumbai Metropolitan Region, Pune, and Bengaluru. The company is known for its innovative and customer-centric approach to real estate development, and has established itself as one of the most trusted and reliable developers in the country.
Frequently Asked Questions
What is the percentage increase in Godrej Properties' sale bookings in Q2 FY25?
3%
What is the total value of Godrej Properties' sale bookings in Q2 FY25?
Nearly ₹5,200 crore
What is the year-on-year growth in Godrej Properties' sales booking value in H1 FY25?
89%
How many homes were sold by Godrej Properties in H1 FY25?
More than 8,600 homes
What is the total area of the homes sold by Godrej Properties in H1 FY25?
Over 14 million square feet
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