For Rs 2,600 crore, Godrej Properties sells more than 600 apartments in Gurugram

 For Rs 2,600 crore, Godrej Properties sells more than 600 apartments in Gurugram

For Rs 2,600 crore, Godrej Properties sells more than 600 apartments in Gurugram

According to the company's regulatory filing, it has "sold inventory worth around Rs 2,600 crore at its project Godrej Aristocrat which is in Sectors 49 on Golf Course Extension Road, Gurugram."

Over 600 apartments at Godrej Properties Ltd.'s brand-new, opulent housing development in Gurugram, Haryana, were sold as of Tuesday.

According to the company's regulatory filing, it has "sold inventory totaling over Rs 2,600 crore at its project Godrej Aristocrat that is situated in Sector 49 on Golf Course Extension Road, Gurugram."

This 9.5-acre housing project will house around 750 flats, according to the firm. The beginning cost for each unit is around Rs 4 crore.

According to Godrej Properties, this is the project's most successful launch to date in terms of sales value, exceeding the previous record of more than Rs 2,000 crore set at the company's Godrej Tropical Isle project in Noida during the previous quarter.

"Gurugram is a very important demand for Godrej Properties," said MD & CEO Gaurav Pandey. In 2024, we plan to introduce four additional projects in Gurugram." One of the top developers is Godrej Properties, the Godrej Group's real estate division. Is. in the nation.

Godrej Properties had a 48% increase in sales bookings from April to September 2023–24, reaching Rs 7,288 crore as opposed to Rs 4,929 crore during the same time the previous year.

The Delhi-NCR market contributed Rs 3,186 crore of the overall sales booking of Rs 7,288 crore.

Godrej Properties' executive chairman, Pirojsha Godrej, told PTI last month that "Delhi-NCR is a big market for us." In the current and next quarters, we want to start house developments in Ashok Vihar, Delhi, and Noida, Gurugram." have been.

According to Pirojsha, the company's primary emphasis is on starting and finishing new housing projects in big cities on schedule.

In the second half of this fiscal year, Godrej Properties has a busy launch schedule in four key markets: Bengaluru, Delhi-NCR, Pune, and the Mumbai Metropolitan Region (MMR).

Because of the high demand from both present and forthcoming home developments, Pirojsha expressed confidence that the business would fulfill its aim of selling assets worth Rs 14,000 crore this financial year.

In the most recent fiscal year, Godrej buildings sold buildings for a total of Rs 12,232 crore.

In terms of finances, the firm recently revealed that its consolidated net profit increased by 22% to Rs 66.80 crore in the September quarter of FY24, compared to Rs 54.96 crore in the same time last year.

From Rs 369.20 crore during the same time previous year to Rs 605.11 crore during this period, total income grew.