{"id":81489,"date":"2023-01-05T15:35:00","date_gmt":"2023-01-05T10:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=81489"},"modified":"2023-01-05T15:31:47","modified_gmt":"2023-01-05T10:01:47","slug":"biz-godrej-propoerties","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-godrej-propoerties\/","title":{"rendered":"Godrej Properties sells 870 homes in Ahmedabad project for Rs 435 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4273374740\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Godrej Properties on Thursday said it has sold 870 units for Rs 435 crore in its housing project at Ahmedabad, Gujarat.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-183320585\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>In a regulatory filing, Godrej Properties informed that it has sold over 1 million square feet of area at the launch of a new phase in its project\u00a0&#8216;Celeste&#8217;, which is part of a township, Godrej Garden City.<\/p>\n<p>&#8220;The company has sold 870 homes with a booking value of approximately Rs 435 crore since Celeste was launched in October 2022,&#8221; the company said.<\/p>\n<p>Covering around 2.3 hectares, Celeste includes 8 towers and offers homes and retail outlets of various configurations.<\/p><div class=\"trade-content_5\" id=\"trade-3484362516\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Gaurav Pandey, MD &amp; CEO, Godrej Properties, said, &#8220;The customer&#8217;s confidence is a reflection of the increasing demand for sustainable integrated developments by reputed developers.&#8221; Launched in October 2010, Godrej Garden city is a sustainable township project, located just off SG Highway in the heart of Ahmedabad (in the Jagatpur area).<\/p>\n<p>Godrej Properties, which is part of business conglomerate Godrej Group, is one of the leading real estate developers in the country.<\/p>\n<p>It mainly focuses on four cities &#8212; Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru and Pune.<\/p>\n<p>Godrej Properties has set a target of Rs 10,000 crore sales bookings for 2022-23 as against Rs 7,861 crore registered during the last fiscal year.<\/p>\n<p>It has already clocked a 60 per cent growth in sales bookings during the first half of this fiscal year at Rs 4,929 crore as against Rs 3,072 crore in the year-ago period.<\/p>\n<p>Early last year, Godrej Properties Executive Chairman Pirojsha Godrej had announced that it would invest USD 1 billion on future development of projects. It is aggressively acquiring land parcels either outright or partnership with land owners.<\/p><div class=\"trade-content-10\" id=\"trade-765299050\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>As per the plan, Godrej Properties has already added more than 10 land parcels this fiscal year with an estimated sales potential of over Rs 20,000 crore.<\/p>\n<p>With three months still left in the 2022-23 fiscal, Godrej Properties might add another Rs 5,000-10,000 crore worth projects in its portfolio.<\/p>\n<p>Recently, the company bought 9-acre land in Gurugram for around Rs 300 crore to develop a housing project.<\/p>\n<p>Last month, Godrej Properties purchased about 62-acre land in Kurukshetra, Haryana for over Rs 100 crore to develop a plotted residential project.<\/p>\n<p>In December only, Godrej Properties bought a 18.6-acre land at Kandivali in Mumbai to develop a premium housing project with an estimated sales revenue of Rs 7,000 crore.<\/p>\n<p>It also partnered with the landowner for joint development of 14.27 acre of land in Gurugram and expects around Rs 3,000 crore sales revenue from development of a housing project on this land.<\/p>\n<p>In November, Godrej Properties won two adjacent land parcels through an auction\u00a0totalling 12.4 acre in Noida for Rs 377 crore. PTI MJH DRR<\/p>\n<div class=\"trade-after-content\" id=\"trade-701605504\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Godrej Properties on Thursday said it has sold 870 units for Rs 435 crore in its housing project at Ahmedabad, Gujarat. In a regulatory filing, Godrej Properties informed that it has sold over 1 million square feet of area at the launch of a new phase in its project\u00a0&#8216;Celeste&#8217;, which is part of a township, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-81489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Godrej Properties sells 870 homes in Ahmedabad project for Rs 435 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-godrej-propoerties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Godrej Properties sells 870 homes in Ahmedabad project for Rs 435 cr\" \/>\n<meta property=\"og:description\" content=\"Godrej Properties on Thursday said it has sold 870 units for Rs 435 crore in its housing project at Ahmedabad, Gujarat. 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