Real estate arm of Godrej, Godrej Properties Ltd.(GPL),recently announced that,they have sold nearly 650homes worth more than Rs. 2,000 crore in the Godrej Jardinia project, located in Sector 146, Noida. This huge sale of Godrej will mark their most successful launch in Noida in terms of sales value.
The MD & CEO, Godrej Properties, Gaurav Pandey said, “Noida is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in the city in the years ahead.”
Last year another residential project of Godrej got huge success, which was Godrej Tropical Isle. this marks the fourth launch Rs. 2000+ crore sales in NCR in the past year. Sector 146 of Noida is a growing area which shows a great potential for residential real estate. It maintains a good connectivity with key infrastructure such as Noida SEZ, entertainment hubs, Film City, Jewar Airport, the metro, Noida-Greater Noida Expressway, and Yamuna Expressway.
During the last financial year, Godrej properties has acquired 10 land parcels, eight outright for developing residential project worth Rs. 21,000 crore. Godrej Properties has given an annual guidance of Rs. 20,000 crore for this fiscal year under the new business development. Godrej Properties has given an annual guidance of Rs. 20,000 crore for this fiscal year under the new business development.
In this current fiscal year, the prime target of the company is purchase more parcels to generate sales bookings of Rs. 20,000 crore. Lately,in a recent investor presentation, Godrej Properties had stated that it added 10 new projects with an expected future booking value of Rs. 21,225 crore. Last fiscal year, the company had set a guidance of Rs. 15,000 crore for new business development, involving land acquisitions both outright and through joint development with landowners.
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