Godrej Properties records highest-ever sale of Rs1,650cr for Godrej Woods projects; stock zooms ~5%

17 Mar 2022 , 09:50 AM

Godrej Properties Ltd., one of the leading real estate players in India, informed the investors that it has attained sales of 855 homes worth Rs1,650 crore within a year of the launch of its product Godrej Woods in Noida in March 2021. The total amount is inclusive of sales of Rs509 crore and sales of Rs1141 crore in YTD FY22.

Godrej Woods homes are set amidst a lush green urban forest with over 600 trees, located in Noida Sector 43. This project offers several lifestyle amenities such as rivulet, infinity-edge, orchards, a café, a forest trail, and an elevated walkway. The project is situated right next to the 97-acre Noida Golf Course.

“We are happy to receive such an overwhelming response from the customers for Godrej Woods project. Noida is a crucial market for us and we will look to sustain and build on this momentum in the coming years. We strive to deliver an outstanding project for all our customers at Godrej Woods,” commented Mr. Mohit Malhotra, MD & CEO, Godrej Properties.

Godrej Properties has entered the NCR market in 2010 and so far it has added 18 residential, commercial and township projects across 5 cities.

Godrej Properties is currently trading at Rs1,598 up by Rs71.25 or 4.67% from its previous closing of Rs1,526.75 on the BSE. The scrip opened at Rs1,559 and has touched an intraday high and low of Rs1,598 and Rs1,548.35 respectively.