Godrej Properties on Friday stated it has achieved gross sales bookings price ₹1,210 crore in its two new housing initiatives in Mumbai.
Godrej Properties, part of 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, Godrej Ascend situated at Kolshet Street, Thane and Godrej Horizon situated at Dadar, Wadala, throughout first quarter of this fiscal yr.
The corporate has cumulatively bought greater than 700 houses accounting for an space of over 8.08 lakh sq. ft for each initiatives.
Mohit Malhotra, MD & CEO, Godrej Properties, stated, “ Mumbai has at all times been a key marketplace for us and the shopper’s confidence is a mirrored image of the rising demand for sustainable and built-in developments by reputed builders.”
Godrej Properties clocked gross sales bookings of ₹7,861 crore in 2021-22 and it has set a goal of ₹10,000 crore for present fiscal yr.
Already, its gross sales bookings jumped five-fold to ₹2,520 crore throughout April-June 2022 — the very best ever first quarterly gross sales.
It’s focusing on to launch about 20 residential initiatives, together with new ones and new phases in ongoing initiatives, throughout this monetary yr.
It expects to ship 10 million sq. ft space throughout 2022-23 as in opposition to 6.5 million sq. ft in 2021-22.
In February, Godrej Properties had introduced that it will make investments ₹7,500 crore over subsequent 12-18 months on land acquisition and growth of recent initiatives.
Godrej Properties has efficiently delivered round 22 million sq. ft of actual property in previous 5 years. It has greater than 190 million sq. ft of developable space throughout India.
The corporate focuses on 4 key markets — Mumbai Metropolitan Area (MMR), Delhi-NCR, Bengaluru and Pune.
In addition to these cities, the corporate has presence in Chennai, Kolkata, Kochi, Ahmedabad and Chandigarh and Nagpur.