Godrej Properties Expands with Rs 9,650 Crore Projects

Godrej Properties acquired six land parcels in Q2 for Rs 9,650 crore, part of a broader expansion amid high demand. Notable presence in India's major cities, this move enhances their development pipeline. Sales bookings grew significantly, positioning them as a leading real estate developer with ambitious future targets.

Real estate giant Godrej Properties has bolstered its portfolio by acquiring six new land parcels in the July-September quarter, valued at Rs 9,650 crore. This strategic expansion comes amid robust housing demand.

Widely recognized as one of the top real estate firms in India, Godrej Properties has a strong presence in key urban areas including Delhi-NCR, Mumbai, Pune, and Bengaluru. Their strategy involves outright land purchases and joint ventures for development, ensuring a diverse and sustained project pipeline.

In a recent operational update, the company revealed it had added 8 land parcels worth Rs 12,650 crore in the first half of the fiscal year, significantly boosting its growth prospects. With sales bookings rising 89% to over Rs 13,800 crore from April to September, Godrej Properties remains poised for continued success in the sector.

(With inputs from agencies.)