Godrej Properties to Launch Rs 21,000 Crore Worth Housing Projects by March to Meet Strong Consumer Demand
Godrej Properties aims to launch Rs 21,000 crore worth of residential projects by March across major cities to encash strong consumer demand and achieve 20 per cent growth in sales bookings this fiscal.
Godrej PropertiesReal EstateResidential ProjectsMumbaiDelhincrReal Estate MumbaiAug 11, 2024
The company's executive chairperson, Pirojsha Godrej, expressed confidence that the company would achieve the targeted sales bookings of Rs 27,000 crore for the current fiscal. In the last fiscal, the company's sales bookings jumped 84 per cent to a record Rs 22,527 crore, the highest among listed realty firms in 2023-24.
Godrej Properties mainly focuses on Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, and Hyderabad for group housing projects. It sells plots in tier II cities.
Frequently Asked Questions
What is Godrej Properties' target for sales bookings this fiscal?
Godrej Properties aims to achieve sales bookings of Rs 27,000 crore this fiscal.
What is the value of projects that Godrej Properties plans to launch by March?
Godrej Properties plans to launch projects worth Rs 21,000 crore by March.
What is the company's focus area for group housing projects?
Godrej Properties mainly focuses on Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, and Hyderabad for group housing projects.
How did Godrej Properties' sales bookings perform in the June quarter?
Godrej Properties' sales bookings remained one of the key highlights in the June quarter, with total area sold being 8.9 million square feet.
What is Godrej Properties' highest-ever quarterly sales?
Godrej Properties' highest-ever quarterly sales is Rs 8,637 crore, achieved in the first quarter of this fiscal.
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