Godrej Properties sells over 600 homes worth INR 2,600 crore at the launch of its project Godrej Aristocrat in Gurugram

The Mumbai-based real estate developer Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India's leading real estate developers, today announced that it has sold inventory of ~1.3 million square feet worth over INR 2,600 crore in its project, Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road, Gurugram. This is Godrej Properties' most successful launch ever in terms of the value of sales achieved, surpassing the previous best ever launch worth over INR 2,000 crore at its project, Godrej Tropical Isle in Noida last quarter.

Golf Course Extension Road is an established residential location in Gurugram which provides access to high-quality social infrastructure and is in close proximity to established commercial establishments on Golf Course Road, Golf Course Extension Road, and Sohna Road. The area provides good connectivity to key retail, medical, and educational infrastructure and is in proximity to the proposed metro corridor, thereby further improving connectivity across the Gurugram metropolitan area.

Mr. Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are delighted with the response to our project, Godrej Aristocrat. 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 Godrej Aristocrat offers its residents an outstanding living experience.

Gurugram is an extremely important market for Godrej Properties. We hope to launch four new projects in Gurugram in 2024 and will endeavour to create outstanding residential communities that deliver long-term value for residents."

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1971.75 as compared to the previous close of Rs. 1958.20. The total number of shares traded during the day was 19221 in over 1925 trades.

The stock hit an intraday high of Rs. 1982.85 and intraday low of 1937.10. The net turnover during the day was Rs. 37745795.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 Realty Inventory Sale GodrejAristocrat Sector49 Gurugram