• Home
  • Business
  • Godrej Properties Scales New Heights with Record-Breaking Sales in Gurugram

Godrej Properties Scales New Heights with Record-Breaking Sales in Gurugram

Godrej Properties sets a new benchmark with over Rs 3,000 crore in sales for its Godrej Zenith project in Gurugram within just three days of launch.

Godrej Properties Scales New Heights with Record-Breaking Sales in Gurugram

Godrej Properties, the Mumbai-based real estate giant, is grabbing headlines yet again. The company has achieved a phenomenal feat with the launch of its Godrej Zenith project in Gurugram, Haryana. This remarkable accomplishment is certain to set the stage for a busy trading session for Godrej Properties shares on Monday morning.

 

Godrej Zenith witnessed a whirlwind of sales activity, with over 1,050 homes sold within a mere three days of launch. This translates to a staggering sum exceeding Rs 3,000 crore, marking a historic milestone for Godrej Properties. Not only does this represent the company's most successful launch ever in terms of sales volume, but it also shatters previous records for sales value.

 

This exceptional achievement in Gurugram is not an isolated incident. It signifies Godrej Properties' growing dominance in the city's real estate landscape. Notably, this is the second time the company has surpassed the Rs 2,000 crore sales mark within Gurugram itself, and the fourth time achieving this feat across India.

 

In a filing submitted to the Bombay Stock Exchange (BSE), Godrej Properties proudly declared this launch as their most successful ever, both in terms of sales volume and value. The company elaborated on its strong performance in Gurugram, highlighting a remarkable 473% year-on-year sales increase for FY24. Additionally, Godrej Properties revealed a robust launch pipeline for FY25, encompassing new projects strategically planned for Sectors 103, 43, and 54 of Gurugram. These upcoming launches are poised to further solidify Godrej Properties' presence in the city.

 

Godrej Properties' recent success story extends beyond Gurugram. The company has consistently achieved impressive sales figures across its various projects. Notably, in Q4 FY24, Godrej Reserve, situated in Mumbai's Kandivali, witnessed sales exceeding Rs 2,690 crore. Similarly, Godrej Aristocrat, located in Gurugram's Sector 49 on Golf Course Extension Road, achieved sales surpassing Rs 2,875 crore. Furthermore, Godrej Tropical Isle in Noida raked in sales exceeding Rs 2,000 crore during Q2 FY24.

 

Gaurav Pandey, the Managing Director and CEO of Godrej Properties, expressed his delight at the overwhelming response to the Godrej Zenith project. He extended his sincere gratitude to the company's customers and stakeholders for their unwavering trust and confidence in Godrej Properties. He further emphasized the company's commitment to delivering an exceptional living experience for the residents of Godrej Zenith.

 

Gurugram holds immense significance for Godrej Properties, and the company's future plans reflect this importance. Gaurav Pandey's statement underscores the company's unwavering focus on strengthening its presence and leadership position within the Gurugram market in the years to come. Godrej Properties' exceptional performance and ambitious plans position them as a frontrunner in India's real estate sector, and investors will undoubtedly be keeping a close eye on the company's future endeavors.
 


SIDBI Takes Flight: Signs MoU with Airbus Helicopters to Finance Civil Aviation in India

SIDBI Takes Flight: Signs MoU with Airbus Helicopters to Finance Civil Aviation in India

The Small Industries Development Bank of India (SIDBI) ventures into uncharted territory, signing a ...
Byju's Advisory Panel Suffers Blow as Kumar, Pai Exit Amidst Legal Turmoil

Byju's Advisory Panel Suffers Blow as Kumar, Pai Exit Amidst Legal Turmoil

Byju's faces another setback as Rajnish Kumar and TV Mohandas Pai decide not to renew their cont...
SBI Gears Up for Leadership Change: Khara's Successor to be Named Soon

SBI Gears Up for Leadership Change: Khara's Successor to be Named Soon

The hunt for SBI's next chairman is on! With Dinesh Khara's retirement in August, FSIB will ...
Abbott Aims for Gender Parity, STEM Education Push in 2030 Sustainability Plan

Abbott Aims for Gender Parity, STEM Education Push in 2030 Sustainability Plan

Abbott announces a two-pronged approach to its 2030 Sustainability Plan, aiming for 45% female repre...
Tata Motors Invests Big in New Products and Technologies: JLR Gets Lion's Share

Tata Motors Invests Big in New Products and Technologies: JLR Gets Lion's Share

Tata Motors hikes investment outlay for FY25 to Rs 43,000 crore, with a focus on new products and te...
Adani Group Denies Supplying Low-Grade Coal, Shares Recover After Initial Dip

Adani Group Denies Supplying Low-Grade Coal, Shares Recover After Initial Dip

Adani Group refutes allegations of supplying low-quality coal to a state-owned power company, callin...
Quick Commerce Heats Up: Established E-commerce Players Join the Race for Ultra-Fast Deliveries

Quick Commerce Heats Up: Established E-commerce Players Join the Race for Ultra-Fast Deliveries

The quick commerce market in India is witnessing a surge in activity, with established e-commerce gi...
Nestle India Shareholders Reject Royalty Hike Proposal to Swiss Parent Company

Nestle India Shareholders Reject Royalty Hike Proposal to Swiss Parent Company

Shareholders of Nestle India have voted against a proposal to increase royalty payments to its Swiss...
Smytten: Discover New Favorites with Trial Packs

Smytten: Discover New Favorites with Trial Packs

Smitten with the idea of trying new beauty products before committing to full-size versions? Let'...
PM Modi's Endorsement of Entrepreneurs Receives Backing from Indian Business Leaders

PM Modi's Endorsement of Entrepreneurs Receives Backing from Indian Business Leaders

Prime Minister Narendra Modi's recent defense of entrepreneurs and wealth creators has been met ...