Godrej Properties Invests Rs 21,000 Crore in Residential Projects Amidst Strong Demand
Godrej Properties targets 20% growth in sales bookings this fiscal year, focusing on regions like Mumbai, Delhi-NCR, Bengaluru, Pune, and Hyderabad.
Godrej PropertiesResidential ProjectsReal EstateIndiaMumbaiReal Estate MumbaiAug 11, 2024
In an exclusive interview, executive chairperson Pirojsha Godrej expressed confidence in achieving the sales booking target of Rs 27,000 crore for the current fiscal. This comes after the company reported its highest-ever quarterly sales in Q1, with sales bookings surging nearly fourfold to Rs 8,637 crore.
The focus remains on regions like Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, and Hyderabad, particularly for group housing projects. These regions have shown strong demand, driving the company's growth.
Godrej Properties reported a record Rs 22,527 crore in sales bookings last fiscal year, the highest among listed realty firms. The company is now looking to build on this momentum, with a strong pipeline of projects across the country.
The Indian real estate market has shown significant growth in recent times, driven by factors like low interest rates, government incentives, and increasing demand for housing. Godrej Properties is well-positioned to take advantage of this trend, with a strong brand and a proven track record of delivering quality projects.
With a focus on customer-centricity and sustainability, Godrej Properties is committed to creating value for its customers and stakeholders. The company's investment in new projects is a testament to its confidence in the market and its ability to deliver growth.
Information
Godrej Properties is a leading real estate developer in India, with a strong presence in the residential and commercial segments. The company has a proven track record of delivering quality projects, with a focus on customer-centricity and sustainability.
Godrej Properties is a part of the Godrej Group, a diversified conglomerate with interests in real estate, consumer goods, and other sectors. The company is committed to creating value for its customers and stakeholders, through its focus on quality, innovation, and sustainability.
Frequently Asked Questions
What is Godrej Properties' sales booking target for the current fiscal?
Godrej Properties is targeting sales bookings of Rs 27,000 crore for the current fiscal.
What is the company's focus in terms of regions?
The company is focusing on regions like Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, and Hyderabad, particularly for group housing projects.
What was Godrej Properties' sales bookings last fiscal year?
Godrej Properties reported a record Rs 22,527 crore in sales bookings last fiscal year.
What is driving the growth in the Indian real estate market?
The Indian real estate market is driven by factors like low interest rates, government incentives, and increasing demand for housing.
What is Godrej Properties' approach to sustainability?
Godrej Properties is committed to sustainability, with a focus on creating value for its customers and stakeholders through environmentally friendly practices.
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