Godrej Properties Secures 11-Acre Land Parcel in Pune with ₹1,800 Crore Revenue Potential
Realty firm Godrej Properties acquires leasehold rights for an 11-acre land parcel in Pune, offering 2.2 million square feet of developable area with ₹1,800 crore revenue potential.
Godrej PropertiesReal EstatePuneLand AcquisitionRevenue PotentialReal Estate NewsJun 28, 2024
The company has witnessed a remarkable growth in its sales, with homes worth ₹22,500 crore sold in the financial year 2024. This figure 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. This is the highest-ever annual sales announced to date by any publicly listed real estate developer in India.
In the March quarter, Godrej Properties' bookings grew by 135% from last year to over ₹9,500 crore. During the same period, the company sold 5,331 homes with a total area of over 8 million square feet. 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 contributed the highest ever quarterly sales for Godrej Properties, with homes worth over ₹4,000 crore sold. The company attributes this success to strong consumer demand and new project launches.
Godrej Properties Ltd is a leading real estate developer in India, known for its excellence in design, quality, and customer service. The company has developed several iconic projects across the country, offering a range of residential and commercial spaces.
Godrej Properties Ltd is a subsidiary of the Godrej Group, a reputed business conglomerate in India. The company is committed to delivering high-quality projects that meet the evolving needs of its customers.
Frequently Asked Questions
What is the developable potential of the 11-acre land parcel acquired by Godrej Properties in Pune?
The developable potential of the 11-acre land parcel is 2.2 million square feet.
What is the estimated revenue potential of the project?
The estimated revenue potential of the project is ₹1,800 crore.
What is the sales performance of Godrej Properties in the financial year 2024?
Godrej Properties sold homes worth ₹22,500 crore in the financial year 2024, representing a growth of 84% compared to last year.
What is the contribution of the Mumbai Metropolitan Region to Godrej Properties' sales?
The Mumbai Metropolitan Region contributed the highest ever quarterly sales for Godrej Properties, with homes worth over ₹4,000 crore sold.
What is the growth rate of Godrej Properties' bookings in the March quarter?
Godrej Properties' bookings grew by 135% from last year to over ₹9,500 crore in the March quarter.
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