Godrej Properties sells residence over 2000 houses value ₹3,150 crore in Bengaluru

Actual property main Godrej Properties stated it has offered 2,000 houses value over ₹3,150 crore on the launch of its Godrej Woodscapes, in Bengaluru. The corporate introduced that it has achieved over 500% QoQ progress in gross sales in Bengaluru surpassing its full 12 months FY24 gross sales in South India throughout the first quarter. 

This marks the second launch with over ₹2000 crore gross sales for Godrej Properties within the present quarter of Q1 FY25. Additionally it is the sixth launch within the final 4 quarters to have offered stock of over ₹2,000 crore throughout launch. 

“That is Godrej Properties’ most profitable launch ever when it comes to the worth and quantity of gross sales achieved and is the second launch with ₹3,000 crore gross sales previously three months,” the corporate stated. 

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Godrej Properties has a sturdy launch pipeline for FY25, which incorporates a number of new mission launches deliberate in Bengaluru. These deliberate launches together with the strategic market entry into Hyderabad will considerably strengthen the corporate’s presence in South India. 

“We’re delighted with the response to our mission, Godrej Woodscapes. South India is an especially necessary area for Godrej Properties, and we intention to additional strengthen our presence within the coming years,” stated Gaurav Pandey, MD & CEO, of Godrej Properties. 

The corporate has beforehand offered stock of over ₹2000 crore in Noida in Q1 FY25. Whereas in FY 24, Godrej Properties offered houses value ₹3,008 crore in Gurgaon in This autumn, ₹2,693 crore in Kandivali in This autumn ₹2,667 crore in Gurgaon in Q3, and ₹2,016 crore in Noida in Q2 FY24. 

This comes after Godrej Property acquired seven acres of land in Thanisandra, North Bengaluru at an estimated income of ₹1,200 crore. 

This 12 months, the realty main inventory has skyrocketed over 65 per cent, as in comparison with 10 p.c rise within the benchmark Nifty 50 index.

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