New Launch2 Jul 2024, 01:24 pm
Godrej Properties Sells Over 2,000 Homes Worth INR 3,150 Crores in Bengaluru Project
AI Summary
Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, announced that it has sold over 2,000 homes worth over INR 3,150 crores in its project, Godrej Woodscapes, located in Whitefield-Budigere Cross, Bengaluru. This is GPL’s most successful launch ever in terms of the value and volume of sales achieved and is the second launch with INR 3,000 crore sales in the past three months. The success of Godrej Woodscapes has led to over 500% QoQ growth in sales in Bengaluru and has surpassed its full year FY24 sales in South India within the first quarter.
Key Highlights
- GPL sold over 3.4 million square feet of area in the project, making this its most successful ever within quarter launch sales by both value and volume.
- This is the sixth project across 4 separate cities during the past year to have sold inventory of over INR 2,000 crores at launch.
- GPL has achieved over 500% QoQ growth in sales in Bengaluru and has surpassed its full year FY24 sales in South India within the first quarter.
- Godrej Woodscapes marks the second launch with INR 2000+ crore sales for Godrej Properties in the current quarter of Q1 FY25.
- GPL has a robust launch pipeline for FY25, which includes several new project launches planned in Bengaluru and a strategic market entry into Hyderabad.