Left Menu
Development News Edition

Godrej Properties sells properties worth Rs 3,532 cr during Apr-Dec of FY20

PTI | New Delhi | Updated: 23-02-2020 14:31 IST | Created: 23-02-2020 14:30 IST
Godrej Properties sells properties worth Rs 3,532 cr during Apr-Dec of FY20
Image Credit: PR Newswire

Realty firm Godrej Properties sold properties worth Rs 3,532 crore during the April-December 2019 period, up 12 percent as compared with a year-ago period. According to an investors' presentation, the company's sales bookings stood at Rs 3,155 crore during April-December 2018.

In terms of volume, Mumbai-based Godrej Properties sold nearly 52 lakh sq ft area, an increase of 3 percent from the corresponding period of the previous year. Out of the total sales bookings of Rs 3,532 crore achieved during the first nine months of this financial year, the housing segment contributed Rs 3,471 crore. Sales of commercial properties stood at Rs 61 crore.

As per the presentation, the company's net debt stood at Rs 1,089 crore. Godrej Properties has posted a 9 percent increase in its consolidated net profit at Rs 45.46 crore for the quarter ended December as against Rs 41.63 crore a year ago.

Total income rose to Rs 517.47 crore in the third quarter of this financial year as compared to Rs 430.7 crore in the corresponding period of the previous year. Earlier this month, Godrej Properties announced the acquisition of nearly 27-acre land parcel at Ashok Vihar in the national capital for Rs 1,359 crore to develop a luxury housing project.

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

Download The Devdiscourse News App for Latest News.



Maritime transport post-COVID 19: Disruptions ahead in business models, techno-investments, regulations

Cargo shipping is a crucial part of the global supply chains and is likely to become more resilient along with efforts to make supply chains resilient but cruise liners could face much more disruptive changes....

Asia-Pacific response to COVID-19 and climate emergency must build a resilient and sustainable future

... ...


Latest News

Combating COVID-19: Misbehaviour with doctors, nurses won't be tolerated, says Kejriwal

Delhi Chief Minister Arvind Kejriwal on Thursday said that the people who misbehave with doctors and nurses treating COVID-19 patients will strictly be punished. It needs to be understood that doctors and nurses are saving our lives. They a...

COVID-19: Rajasthan govt makes wearing masks mandatory in urban areas, mandis.

COVID-19 Rajasthan govt makes wearing masks mandatory in urban areas, mandis....

England's coronavirus hospital death toll rises 765 to 7,248

The coronavirus death toll in English hospitals rose 765 to 7,248, up from 6,483 day before, The Sun newspaper reported.NHS England, which supplies the figures each day, did not confirm the numbers and could not explain why the figures had ...

COVID-19: Goa police issues advisory for WhatsApp users to combat fake news

The Goa Police have issued an advisory for the users and admins of WhatsApp in an attempt to fight fake news even as the country battles with COVID-19. The police in its circular has issued a list of instructions and has asked people to not...

Give Feedback