Property: For the fourth time in the country, property worth more than 2000 crores was sold, a landlord sold a house worth 3 thousand crores in Gurugram

Mr Journalist News: Godrej Properties Ltd, the largest landowner in Mumbai with 3,400 acres of land, has sold more than 1,050 houses worth more than Rs 3,000 crore within three days of launching its new project in Gurugram, Haryana. This reflects strong sales momentum in the residential sector. The residential projects launched in Gurugram in the last 18 months have been successful. Apartments there are sold within a few days of being launched for sale.

The company informed the stock exchange, "This has been the most successful project of Godrej Properties till date in terms of value and sales." This project is GPL's largest residential development in Gurugram. Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, said, "Gurugram is a very important market for Godrej Properties. We will try to further strengthen our presence in Gurugram in the coming years."

Crossed the 2000 mark for the fourth time in a year

This is the second time in Gurugram and the fourth time across India that GPL has recorded sales of over Rs 2,000 crore across launches in FY24. The company sold inventory worth ~ Rs 2,690 crore at its project, Godrej Reserve, located in Kandivali, Mumbai in Q4 FY24. 

It sold inventory worth over Rs 2,875 crore at its project, Godrej Aristocrat, located in Sector 49 of Golf Course Extension Road, Gurugram and achieved sales of over Rs 2,000 crore at its project, Godrej Tropical Isle in Noida in Q2 FY24.

Company statement

Landlord Godrej Properties Limited said, "The company recorded a 473 per cent year-on-year growth in sales in Gurugram in FY 2023-24 and presents a strong base for FY 2024-25…'' Godrej Properties is part of the business conglomerate Godrej Group. It is one of the leading developers in the country. 

It mainly develops residential projects in Mumbai Metropolitan Region, Delhi-National Capital Region, Pune and Bengaluru. It has recently entered the Hyderabad market.