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Godrej Properties Achieves ₹2,000 Crore Sales with Godrej Jardinia Launch in Noida

24 May 20243 mins read by Angel One
Godrej Properties announced the sale of 650 homes worth over ₹2,000 crore in Godrej Jardinia, marking its most successful launch in Noida.
Godrej Properties Achieves ₹2,000 Crore Sales with Godrej Jardinia Launch in Noida
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On May 23, 2024, Godrej Properties announced in an exchange filing that the company has sold approximately 650 homes worth more than ₹2,000 crore in its project, Godrej Jardinia.

Godrej Jardinia, situated in Sector 146, Noida, was launched in May 2024. Based on the value of sales achieved, this development marks Godrej Properties’ most successful launch in Noida to date.

Following the success of Godrej Tropical Isle in the same sector last year, Godrej Jardinia represents another significant launch for Godrej Properties in the Noida market, surpassing ₹2000 crore in sales. This is the fourth launch in the NCR region to exceed ₹2000 crore in sales over the past four quarters.

Sector 146 is a well-known upcoming residential area in Noida. It provides access to high-quality social and commercial infrastructure, such as the Noida SEZ, Film City, and many entertainment hubs. The area provides good connectivity to the upcoming Jewar Airport, as well as to the Noida-Greater Noida Expressway, Yamuna Expressway, and the metro station.

Commenting on this significant milestone, the Managing Director and CEO of Godrej Properties, Mr Gaurav Pandey, said, “We are delighted with the response to our project, Godrej Jardinia. We’d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure that Godrej Jardinia offers its residents an outstanding living experience. Noida is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in the city in the years ahead.”

In Q4 FY 2024, Godrej Properties sold more than 5,000 homes worth ₹9,500 crore. The company’s bookings grew 135% Year over Year in the quarter ended March 2024. In FY 2024, Godrej Properties’ bookings increased 84% Year over Year to more than ₹22,500 crore.

About Godrej Properties Limited

Godrej Properties Limited (GPL) is the real estate development division of the Godrej Group. As of March 31, 2023, GPL had 92 active and upcoming projects, covering a combined saleable area of approximately 200 million square feet.

On May 23, 2024, the share price of Godrej Properties Ltd opened at ₹2,824.00, touching the day’s high at ₹2,861.55, as of 9:55 AM on the 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.

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