In a remarkable feat, Godrej Properties saw a surge of 5% in its shares during the morning trade on April 5, sparked by the announcement of selling homes worth over Rs 3,000 crore in Gurugram.
The real estate behemoth achieved this extraordinary milestone by selling more than 1,050 homes, amounting to a staggering Rs 3,000 crore, within just three days at the Godrej Zenith project located in Sector 89 of Gurugram. Notably, this landmark launch stands as Godrej Properties’ most successful ever, both in terms of the value and volume of sales attained, as stated by the company.
At 10:20 am, Godrej Properties was trading at Rs 2,608.35 on the National Stock Exchange, marking an impressive 4.2% surge from the previous session’s closing price.
Godrej Zenith, touted as the largest residential development by the company in Gurugram, underscores its commitment to excellence and innovation in the real estate sector. The firm’s exceptional performance in Gurugram is further highlighted by a remarkable 473% year-on-year surge in sales during FY24.
Looking ahead, Godrej Properties has outlined a robust launch pipeline for FY25, with plans for new projects in prime locations including Sectors 103, 54, and 43.
Godrej Properties, in an exchange filing, expressed confidence that the planned launches would significantly bolster its footprint in the city. This marks the second instance in Gurugram and the fourth nationwide, where the firm has achieved sales exceeding Rs 2,000 crore during a launch in FY24.
In Q4FY24, Godrej Properties successfully sold inventory worth Rs 2,690 crore in Godrej Reserve, located in Kandivali, Mumbai. Additionally, the company offloaded inventory valued at over Rs 2,875 crore in Godrej Aristocrat. Earlier in Q2 FY24, Godrej Properties achieved remarkable sales worth over Rs 2,000 crore in its project, Godrej Tropical Isle, situated in Noida.
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