Godrej Properties Leads Real Estate Surge with Unprecedented Sales Bookings

Eighteen listed real estate developers sold Rs 1.17 lakh crore worth of properties in the last fiscal year, with Godrej Properties leading the charge at Rs 22,527 crore. The surge was driven by strong demand for residential properties, especially luxury homes, in major cities.


PTI | New Delhi | Updated: 02-06-2024 15:17 IST | Created: 02-06-2024 15:17 IST
Godrej Properties Leads Real Estate Surge with Unprecedented Sales Bookings
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Eighteen major listed real estate developers have reported property sales worth Rs 1.17 lakh crore during the last fiscal year, establishing a new industry benchmark. Godrej Properties emerged as the top performer with sales bookings of Rs 22,527 crore.

Most developers recorded higher sales in 2023-24 compared to the previous year, driven by robust demand for residential properties, especially luxury homes, across key urban centers. Pre-sales reached record levels as consumer demand surged.

According to regulatory data, combined sales bookings from these firms totaled approximately Rs 1,16,635 crore in fiscal 2023-24, marking a 33% increase from nearly Rs 88,000 crore in the preceding year. The bulk of these sales came from the residential sector.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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