Mumbai based listed real estate developer Godrej Properties,announced in a regulatory filing on July 2 that it has successfully sold more than 2,000 homes valued at over Rs.3,150 crore at a project located in Whitefield, Bengaluru.
The company said that, it has sold over 3.4 million square feet of area in Godrej Woodscapes, which is located in East Bengaluru’s Whitefield. This project witnessed its best ever launch sales during the April-June period of 2024, both by value and volume.
In a media statement, the company said, Godrej Properties has achieved over 500% quarter-on-quarter growth in sales within Bengaluru and surpassed its full year FY24 sales in South India within the first quarter.
The MD and CEO, Godrej Properties, Gaurav Pandey mentioned, “We are delighted with the response to our project, Godrej Woodscapes. South India is an extremely important region for Godrej Properties, and we aim to further strengthen our presence in the coming years.”
Godrej Woodscapes represents the second successful launch resulting in sales exceeding Rs.2000 crore for Godrej Properties in the June quarter of the financial year 2024-25. This milestone also signifies the sixth launch within the past four quarters to achieve sales of over Rs.2,000 crore during its launch.
Few of the previous projects two in Noida and Gurugram each, and one in Kandivali of Mumbai Metropolitan Region, also clocked a record profit.
Godrej properties hopes to strengthen its presence in South India with several projects in the launch pipeline for Bengaluru this fiscal, along with a strategic market entry into Hyderabad.
Rcently Godrej Properties has acquired 7-acre land parcel in North Bengaluru’s Thanisandra to construct a premium housing project with an estimated developable potential of about 9 lakh square feet and a revenue potential of around Rs.1,200 crore.
Godrej Properties reported bookings to the tune of Rs.22,527 crore in the financial year 2023-24 and they told they have bookings worth Rs.27,000 crore for the ongoing fiscal
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