)
Godrej Properties, a leading real estate developer in India, has announced the successful sale of over 600 flats in its new luxury housing project located in Gurugram, Haryana. This development, named Godrej Aristocrat, is situated in Sector 49 on Golf Course Extension Road. The company revealed that it has sold inventory worth more than Rs 2,600 crore in this project, which spans across 9.5 acres of land. The starting price for the apartments in this project is approximately Rs 4 crore per unit.
According to Godrej Properties, the sales achieved in this project have surpassed its previous record. The company stated that the value of sales in Godrej Aristocrat has exceeded Rs 2,000 crore, which was the previous best achieved at its project Godrej Tropical Isle in Noida last quarter. Gaurav Pandey, the MD & CEO of Godrej Properties, expressed the significance of Gurugram as a market for the company and revealed plans to launch four new projects in the city by 2024.
During the period of April-September 2023-24, Godrej Properties recorded a 48% growth in sales booking, amounting to Rs 7,288 crore compared to Rs 4,929 crore in the corresponding period of the previous year. Out of the total sales booking, the Delhi-NCR market contributed Rs 3,186 crore. Pirojsha Godrej, the Executive Chairperson of Godrej Properties, emphasized the company’s focus on launching and executing new housing projects in major cities, including Noida, Gurugram, and Ashok Vihar, Delhi.
Godrej Properties has an aggressive launch pipeline for the second half of this fiscal year, with a focus on Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. Pirojsha Godrej expressed confidence in achieving the target of selling properties worth Rs 14,000 crore in the current fiscal year, citing strong demand for the company’s ongoing and upcoming housing projects. In the previous fiscal year, Godrej Properties had sold properties worth Rs 12,232 crore.
On the financial front, the company reported a 22% increase in consolidated net profit to Rs 66.80 crore in the September quarter of FY24, compared to Rs 54.96 crore in the same period last year. The total income for the period rose to Rs 605.11 crore from Rs 369.20 crore in the previous year.
With these impressive sales figures and strong financial performance, Godrej Properties continues to establish its position as a prominent player in the Indian real estate market.
Godrej Properties, a leading real estate developer, has successfully sold over 600 flats in Gurugram for a staggering amount of Rs 2,600 crore. This achievement highlights the strong demand for residential properties in the city and showcases the trust and confidence buyers have in Godrej Properties’ projects. The company’s commitment to delivering quality homes with modern amenities has contributed to its remarkable sales success. With this achievement, Godrej Properties strengthens its position as one of the top players in the real estate market.
Disclaimer: Only the headline and content of this report may have been reworked by Newsearay, staff; the rest of the content is auto-generated from a syndicated feed. The Article was originally published on Source link
)
)
)