Godrej Properties Sees 3% Rise in Q2 Sales to Rs 5,200 Crore
Godrej Properties' Q2 sales bookings rose 3% to nearly Rs 5,200 crore, driven by strong housing demand. This is the highest ever Q2 booking value for the company.
Godrej PropertiesReal EstateSales BookingsQ2 ResultsHousing DemandReal Estate NewsOct 04, 2024
Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, expressed his delight with the company's scale-up in the past couple of years. He stated that the sales growth was on the back of both an improving project mix as well as 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 Rs 7,000 crore and operational cash flow growth of over 200% to over Rs 2,800 crore in H1FY25.
Godrej Properties is one of the leading real estate developers in the country, 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.
Frequently Asked Questions
What was the percentage rise in Godrej Properties' Q2 sales bookings?
3%
What was the total sales booking value of Godrej Properties in Q2?
Nearly Rs 5,200 crore
What was the year-on-year growth in Godrej Properties' sales booking value?
89%
How many homes were sold by Godrej Properties in H1FY25?
More than 8,600 homes
What was the total area of the homes sold by Godrej Properties in H1FY25?
Over 14 million square feet
Related News Articles
Bengaluru Set to Reign Supreme in India's Commercial Real Estate Market
Bengaluru is expected to dominate India's commercial real estate market with 330-340 million square feet of office stock by 2030, driven by tech, engineering, and BFSI sectors.
Unveiling Tina Ambani: The Former Bollywood Actress with a Staggering Net Worth
Get to know Anil Ambani's wife, Tina Ambani, a former Bollywood actress with a net worth of over Rs 2,300 crore and a luxurious lifestyle in Mumbai.
Union Budget 2025-26: A Boost for India's Real Estate Industry
The Union Budget 2025-26 has announced several initiatives to promote affordable housing, rental housing, and urban development, providing a much-needed boost to India's real estate industry.
Aditya Birla Real Estate Confirms No Impact on Niyaara Project After Supreme Court Ruling
Aditya Birla Real Estate Ltd (ABREL) has stated that the recent Supreme Court ruling, which overturned a Bombay High Court order, will not affect its Niyaara luxury housing project in Worli. The company is confident that the land in question is separate f
Top Stocks for Long-Term Growth: Deven Choksey’s Picks in Corporate Banks and Housing Finance
Deven Choksey, Managing Director of DR Choksey FinServ Private, shares his insights on the best stocks for long-term growth, particularly in the corporate banking and housing finance sectors. His recommendations are based on robust financial performance a
Redevelopment of Worli Slums: A Balancing Act Between Progress and Preservation
The Worli slum redevelopment project in Mumbai is facing significant backlash due to concerns over displacement and environmental impacts. This article delves into the complexities of the project, exploring the challenges and potential solutions.