Leading real estate developer Godrej Properties, has reported robust sales figures for its new residential project, Godrej Jardinia, in Noida. The company announced in a regulatory filing on Thursday that it has sold approximately 650 flats worth over Rs 2,000 crore since the project’s launch this month.
The successful launch of Godrej Jardinia, located in Sector 146, marks the company’s most lucrative launch in Noida to date. Gaurav Pandey, Managing Director and CEO of Godrej Properties, emphasized the strategic importance of the Noida market for the company, stating, "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."
Godrej Properties, known for its significant presence in key Indian cities including the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, and Bengaluru, has recently expanded into the Hyderabad market as well. The company has been experiencing a period of remarkable growth, achieving its highest-ever annual sales in the 2023-24 fiscal year. Sales bookings surged by 84% to a record Rs 22,527 crore, compared to Rs 12,232 crore in the previous fiscal year. This performance represents the highest sales reported by any listed real estate entity for FY24.
Looking ahead, Godrej Properties has ambitious plans for the current fiscal year, setting a target of Rs 27,000 crore in sales bookings for 2024-25. To achieve this, the company plans to launch 21.9 million square feet of new projects, with an estimated sales value of Rs 30,000 crore.
Also Watch: Shares of Godrej Properties soars after record-breaking sales in Gurugram