Godrej Properties Reports Rs 3,000 Crore Sale From Gurugram Project

Godrej Properties Reports Rs 3,000 Crore Sale From Gurugram Project

Godrej Properties, the real estate development arm of the Godrej Group, has sold over 1050 homes worth over Rs 3,000 crore in its project, Godrej Zenith in Sector 89, Gurugram.

This is Godrej Properties’ most successful ever launch in terms of the value and volume of sales achieved.

The company had earlier sold apartments worth over Rs 2,600 crore in its project, Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road Gurugram.

Godrej Zenith is GPL’s largest residential development in Gurugram. The company has recorded a 473 % YoY increase in sales in Gurugram in FY24 and has a strong launch pipeline for FY25 which includes new project launches planned in Sector 103, Sector 43, and Sector 54. These planned launches will significantly strengthen GPL’s presence in the city.

This is the second time in Gurugram, and the fourth time pan India, that GPL has recorded sales of over INR 2,000 crore during launch in FY24. The company sold inventory worth Rs 2,690 crore in its project, Godrej Reserve, located in Kandivali, Mumbai in Q4 FY24.

It had achieved sales worth over INR 2,000 crore in its project, Godrej Tropical Isle in Noida in Q2 FY24.

“Gurugram is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in Gurugram in the years ahead,” said Gaurav Pandey, MD & CEO, Godrej Properties.

Recently, it emerged as the highest bidder for a 6.46-acre plot of land in Noida’s Sector 44.

The land parcel will offer 1.4 million square feet of development potential and an estimated revenue potential of Rs 3,000 crore, comprising premium residential apartments of varied configurations. This will be the sixth project by Godrej Properties in Noida.

Source : ET

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