Godrej Properties will hold a meeting of the Board of Directors of the Company on 3 May 2024.Powered by Capital Market - Live News

Godrej Properties announced its best ever quarterly and annual sales in Q4 FY 24 and FY 24 respectively.GPL`s highest ever quarterly and annual sales:� Q4 FY24 booking value grew by 135% to more than Rs 9,500 crore and FY 24 booking value grew by 84% to more than Rs 22,500 crore.� GPL achieved 161% of its booking value guidance for FY24 with volume growth of 31% during the year to 20.00 million sq. ft. and an improved project mix. Sales volume for Q4FY24 grew by 56% to 8.17 million sq. ft.� Sales were driven by superlative consumer demand in some key new project launches. Godrej Zenith in NCR achieved a booking value of more than Rs 3,000 crore and Godrej Reserve in MMR achieved a booking value of Rs 2,690 crore. Both of these projects were the best ever launches for GPL in the respective markets.� In FY24, 4 projects (including Godrej Aristocrat launched in Q3 and Godrej Tropical Isle launched in Q2) achieved over Rs 2,000 crore booking value.� GPL`s bookings in NCR in FY 24 grew 180% to over Rs 10,000 crore and GPL`s bookings in MMR grew 114% to over Rs 6,500 crore.Powered by Capital Market - Live News

Godrej Properties announced that it has sold over 1050 homes worth over Rs 3,000 crores in its project, Godrej Zenith, located in Sector 89, Gurugram. This is Godrej Properties` most successful ever launch in terms of the value and volume of sales achieved. Godrej Zenith is GPL`s largest residential development in Gurugram. The company has recorded a 473 % YoY increase in sales in Gurugram in FY24 and has a strong launch pipeline for FY25 which includes new project launches planned in Sector 103, Sector 43, and Sector 54. These planned launches will significantly strengthen GPL`s presence in the city. This is the second time in Gurugram, and the fourth time pan India, that GPL has recorded sales of over Rs 2,000 crore during launch in FY24. The company sold inventory worth Rs 2,690 crore in its project, Godrej Reserve, located in Kandivali, Mumbai in Q4 FY24. It also sold inventory worth over Rs 2,875 crore in its project, Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road, Gurugram, and achieved sales worth over Rs 2,000 crore in its project, Godrej Tropical Isle in Noida in Q2 FY24. Powered by Capital Market - Live News

Godrej Properties announced that it has sold inventory worth Rs 2,690 crore in its project, Godrej Reserve, located in Kandivali, Mumbai. Launched within fifteen months of acquiring the land, this is GPL`s most successful launch ever in Mumbai in terms of the value and volume of sales achieved. Godrej Reserve has a developable potential of ~ 3.72 million square feet with an estimated revenue potential of approximately Rs 7,000 crore. The project has significant unlaunched inventory remaining, which the company plans to sell in the coming years. This is one of GPL`s largest residential developments and significantly enhances its presence in the western suburbs of MumbaiPowered by Capital Market - Live News

Godrej Properties announced that it has acquired ~3-acres of land in Kokapet. This is the second land acquisition for GPL in Hyderabad and will take the overall booking value potential added in Hyderabad to Rs 4,800 crore. The development on this land is estimated to have a potential of ~1.2 million square feet of saleable area comprising primarily premium residential apartments of various configurations with an estimated booking value of Rs 1,300 crore. This strategic acquisition is in line with GPL`s strategy of developing high-quality residential projects across India`s leading real estate markets. The land is located in a strategic and high-potential area in Kokapet near the Outer Ring Road junction close to Golden Mile Road. Kokapet is one of the largest commercial and residential real estate markets in Hyderabad and has a well-developed social and civic infrastructure with multiple schools, hospitals, retail, residential, and commercial spaces in proximity. The location offers connectivity to the Rajiv Gandhi International Airport and all major social and commercial areas in the city.Powered by Capital Market - Live News