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
Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year
No Reversal on Real Estate LTCG Tweaks: Government Stands Firm
Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.
Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore
In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one
Why Pattaya is the Next Big Thing for Indian Property Investors
A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.
Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?
With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.