Company Profile

Godrej Properties has sold over 5,000 homes worth Rs 9500 crore in Q4FY24. Godrej Properties’ bookings grew 135% Year-on-Year (Y-o-Y) to over Rs 9,500 crore in Q4FY24. This is the highest ever quarterly sales reported to date by any publicly listed real estate developer in India. This was achieved through the sale of 5,331 homes with a total area of over 8 million sq. ft.

Its bookings grew 84% YoY to over Rs 22,500 crore in FY24 and 61% above the guidance provided at the start of the year. This was achieved through the sale of 14,310 homes with a total area of 20 million sq. ft.

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.

Godrej Properties has informed that it attached a copy of the press release under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.

Godrej Properties (GPL) has sold over 1050 homes worth over Rs 3,000 crore in its project, Godrej Zenith, located in Sector 89, Gurugram. This is Godrej Properties' most successful ever launch in terms of the value and volume of sales achieved. 

Godrej Zenith is GPL's largest residential development in Gurugram. The company has recorded a 473% YoY increase in sales in Gurugram in FY24 and has a strong launch pipeline for FY25 which includes new project launches planned in Sector 103, Sector 43, and Sector 54. These planned launches will significantly strengthen GPL’s presence in the city.

This is the second time in Gurugram, and the fourth time pan India, that GPL has recorded sales of over Rs 2,000 crore during launch in FY24. The company sold inventory worth Rs 2,690 crore in its project, Godrej Reserve, located in Kandivali, Mumbai in Q4 FY24. It also sold inventory worth over Rs 2,875 crore in its project, Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road, Gurugram, and achieved sales worth over Rs 2,000 crore in its project, Godrej Tropical Isle in Noida in Q2 FY24. 

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.

Godrej Properties has informed that it enclosed a copy of the press release titled ‘Godrej Properties sells homes worth over INR 3,000 crores within 3 days at the launch of its project Godrej Zenith in Gurugram, Haryana’.

Godrej Properties (GPL) has sold inventory worth around Rs 2,690 crore in its project, Godrej Reserve, located in Kandivali, Mumbai. Launched within fifteen months of acquiring the land, this is GPL’s most successful launch ever in Mumbai in terms of the value and volume of sales achieved.

Godrej Reserve has a developable potential of around 3.72 million square feet with an estimated revenue potential of around Rs 7,000 crore (on the basis of the current business assumptions). The project has significant unlaunched inventory remaining, which the company plans to sell in the coming years. This is one of GPL's largest residential developments and significantly enhances its presence in the western suburbs of Mumbai.

Kandivali is an established residential location in Mumbai that provides access to well-developed social and civic infrastructure with multiple schools, health facilities, retail malls, and entertainment outlets. The area provides good connectivity to the Western Express Highway, Metro & Suburban Railway Stations. The introduction of a metro line connecting Kandivali, Dahisar, and Andheri has significantly reduced travel time, enhancing the area's connectivity and making daily commuting more convenient. 

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.