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.
