Godrej Properties Achieves Record Sales with Godrej Woodscapes, Bengaluru

On July 02, 2024, Godrej Properties Ltd (GPL), one of India’s top real estate developers, announced that it had sold over 2,000 homes worth more than ₹3,150 crore in its Godrej Woodscapes project in Whitefield-Budigere Cross, Bengaluru. This is their most successful launch ever in terms of both value and volume of sales. It’s the 2nd time in 3 months that they have achieved sales of ₹3,000 crore in a single launch.

Thanks to Godrej Woodscapes’ success, GPL saw over 500% quarter-on-quarter growth in sales in Bengaluru and exceeded its full-year FY24 sales in South India within the first quarter.

This project is the 2nd one this quarter (Q1 FY25), where Godrej Properties has sold inventory worth over ₹2,000 crore.

Over the last 4 quarters, GPL has had 6 such successful launches:

1. Godrej Jardinia, Sector 146, Noida in Q1 FY25: Over ₹2,000 crore
2. Godrej Zenith, Sector 89, Gurgaon in Q4 FY24:₹3,008 crore
3. Godrej Reserve, Kandivali, MMR in Q4 FY24: ₹2,693 crore
4. Godrej Aristocrat, Sector 49, Gurgaon in Q3 FY24:₹2,667 crore
5. Godrej Tropical Isle, Sector 146, Noida in Q2 FY24:₹2,016 crore

Godrej Properties has a strong pipeline of new projects for FY25, including several launches planned in Bengaluru and a strategic entry into the Hyderabad market, further strengthening their presence in South India.

Gaurav Pandey, MD and CEO of Godrej Properties, said, “We are delighted with the response to our project, Godrej Woodscapes. We sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties. We will strive to ensure Godrej Woodscapes provides its residents with an exceptional living experience. South India is an extremely important region for Godrej Properties, and we aim to further strengthen our presence in the coming years.”

About Godrej Properties Limited

Godrej Properties brings the values of innovation, sustainability, and excellence from the Godrej Industries Group to real estate. Each project blends its 127-year tradition of excellence and trust with modern design, technology, and sustainability. In FY 2021, Godrej Properties became the largest developer in India based on the value and volume of residential sales.

On July 02, 2024, Godrej Properties Limited’s share price opened at ₹3,194.90, touching the day’s high at ₹3,244.00 as of 10:02 AM on NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.