Godrej Properties sells homes worth over INR 3,000 crores within 3 days at the launch of its project Godrej Zenith in Gurugram, Haryana

Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India's leading real estate developers, today announced that it has sold over 1050 homes worth over INR ~3,000 crores in its project, Godrej Zenith, located in Sector 89, Gurugram. This is Godrej Properties' most successful ever launch in terms of the value and volume of sales achieved.

Godrej Zenith is GPL's largest residential development in Gurugram. The company has recorded a 473 % YoY increase in sales in Gurugram in FY24 and has a strong launch pipeline for FY25 which includes new project launches planned in Sector 103, Sector 43, and Sector 54. These planned launches will significantly strengthen GPL's presence in the city.

This is the second time in Gurugram, and the fourth time pan India, that GPL has recorded sales of over INR 2,000 crore during launch in FY24. The company sold inventory worth INR ~2,690 crore in its project, Godrej Reserve, located in Kandivali, Mumbai in Q4 FY24. It also sold inventory worth over INR 2,875 crore in its project, Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road, Gurugram, and achieved sales worth over INR 2,000 crore in its project, Godrej Tropical Isle in Noida in Q2 FY24.

Mr. Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are delighted with the response to our project, Godrej Zenith. We'd like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure Godrej Zenith offers its residents an outstanding living experience. Gurugram is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in Gurugram in the years ahead."

Shares of Godrej Properties Limited was last trading in BSE at Rs. 2587.95 as compared to the previous close of Rs. 2502.30. The total number of shares traded during the day was 141944 in over 12925 trades.

The stock hit an intraday high of Rs. 2692.05 and intraday low of 2525.90. The net turnover during the day was Rs. 372119775.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 Realty Sales 1050Homes GodrejZenith Sector89 Gurugram