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
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