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Godrej Properties Sale of Rs.3,000 Crore in Three Days, boost its Stock Value

Godrej Properties selling upsurge with the latest project in the millennium city. The company reports the sale of 1050 luxury homes in Godrej Zenith, Sector 89, Gurugram, at Rs. 3,000 crore. The figure is achieved in just three days. Within a week, it is the second time when Godrej Properties attains magic figures.

In the stock market, Godrej Properties experience bull trend after making the said value. At 10.20 am, the share price stood at Rs. 2,608.35 on the National Stock Exchange. The price is greater than it’s’ yesterday’s closing price value.

The company is overwhelmed with the positive response and calls it the most successful launch in terms of cost and sales volume. In the fiscal year 24, the company records 473 percent Y-o-Y and is excited about future projects.

For the financial year 25’, Godrej Properties has several projects in the pipeline including new launches in sectors 103, 43, and 54.

Earlier to this, Realty firm Godrej Properties Ltd (GPL) has sold flats worth Rs. 2,690 crore in its new housing project in Mumbai.

In the regulatory filling on Friday, the company informed that it has sold inventory worth around Rs. 2,690 crore in its project Godrej Reserve, Kandivali, Mumbai.

Launched within fifteen months of acquiring the land, this is GPL’s most successful launch ever in Mumbai in terms of the value and volume of sales achieved,” it said.  The company further informed about selling total 800 residential units with a total area of around 1.5 million sq.ft. in the Mumbai project.

This project has developable potential of 3.72 million square feet with an estimated revenue potential of about Rs. 7,000 crore. The project has significant unlaunched inventory remaining, which the company plans to sell in the coming years.

Gaurav Pandey, MD & CEO Godrej Properties said, “We are delighted with the response to our project, Godrej Reserve. This has now become the best-ever launch in Mumbai residential estate.” Godrej Properties is one of the leading real estate developers in the country. It has a huge presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru.

Courtesy: Press Trust of India



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