Godrej Properties Expands Pune Presence with 11-Acre Land Acquisition
Godrej Properties has acquired an 11-acre land parcel in Pune's Hinjewadi, with an estimated revenue potential of ₹1,800 crore. This comes after the company announced its highest-ever annual sales of ₹22,500 crore.
Real EstateGodrej PropertiesPuneLand AcquisitionRevenue PotentialReal EstateJun 28, 2024
Godrej Properties has been on a growth trajectory, with the company announcing its highest-ever annual sales of ₹22,500 crore in the financial year 2024. This represents a growth of 84% compared to last year and 61% higher than the initial guidance provided by the company at the start of the year.
In the March quarter, Godrej Properties' bookings grew by 135% from last year to over ₹9,500 crore. The company sold 5,331 homes with a total area of over 8 million square feet during the last three months of the financial year. For the financial year gone by, Godrej Properties sold 14,310 homes with a total area of over 20 million square feet.
The Mumbai Metropolitan Region was the highest contributor to Godrej Properties' quarterly sales, with homes worth over ₹4,000 crore sold. The company attributed its strong sales to consumer demand in some new project launches.
Godrej Properties Ltd is a leading Indian real estate developer, established in 1990. The company is a subsidiary of the Godrej Group, a reputed business conglomerate with interests in real estate, fast-moving consumer goods, and other sectors.
Godrej Properties Ltd is a publicly listed company, with its shares traded on the Bombay Stock Exchange (BSE).
Frequently Asked Questions
What is the estimated revenue potential of Godrej Properties' latest land acquisition?
The estimated revenue potential of Godrej Properties' latest land acquisition is ₹1,800 crore.
What is the developable potential of the 11-acre land parcel in Hinjewadi, Pune?
The developable potential of the 11-acre land parcel in Hinjewadi, Pune is 2.2 million square feet.
What is Godrej Properties' highest-ever annual sales figure?
Godrej Properties' highest-ever annual sales figure is ₹22,500 crore, achieved in the financial year 2024.
How many homes did Godrej Properties sell in the financial year 2024?
Godrej Properties sold 14,310 homes in the financial year 2024.
What is the growth percentage of Godrej Properties' bookings in the March quarter compared to last year?
Godrej Properties' bookings grew by 135% in the March quarter compared to last year.
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