On Friday, Godrej Properties stated it has obtained bookings from the sale ₹1,210 crore for 2 new residential initiatives in Mumbai.
Godrej Properties, a part of the enterprise conglomerate Godrej Group, is without doubt one of the main actual property builders within the nation.
In a regulatory submitting, the corporate stated it launched two new initiatives within the first quarter of this monetary yr, Godrej Ascend situated on Kolshet Highway, Thane and Godrej Horizon situated in Dadar, Wadala.
The corporate has bought greater than 700 homes masking an space of over 8.08 lakh sq ft for each the initiatives.
Mohit Malhotra, MD & CEO, Godrej Properties stated, “Mumbai has all the time been a key marketplace for us and the client confidence is a mirrored image of the rising demand for sustainable and built-in developments from respected builders.”
Godrej Properties has booked the sale ₹7,861 million in 2021-22 and it has set a goal ₹10,000 million for the present monetary yr.
Already, its gross sales bookings have elevated fivefold ₹2,520 crore in April-June 2022 is the very best gross sales within the first quarter.
It plans to launch round 20 housing initiatives this monetary yr, together with new ones and new phases of ongoing initiatives.
It expects to ship 10 million sq ft in 2022-23 towards 6.5 million sq ft in 2021-22.
In February, Godrej Properties introduced that it could make investments ₹7,500 million for land acquisition and improvement of latest initiatives within the subsequent 12-18 months.
Godrej Properties has efficiently delivered round 22 million sq. toes of actual property within the final 5 years. It has a developable space of over 190 million sq. toes throughout India.
The corporate is concentrating on 4 key markets – Mumbai Metropolitan Area (MMR), Delhi-NCR, Bengaluru and Pune.
Other than these cities, the corporate has presence in Chennai, Kolkata, Kochi, Ahmedabad and Chandigarh and Nagpur.