Godrej Properties sells 870 homes with a booking value of approximately Rs 435 crore

Godrej Properties sells 870 homes with a booking value of approximately Rs 435 crore

Indian Market
by 5paisa Research Team Last Updated: 2023-01-09T12:57:36+05:30

The company sold over 1 million square feet area in a newly launched project, Godrej Garden City in Ahmedabad.

A subsidiary of Godrej Group and India’s one of leading real estate developers sold over 1 million square feet area at the launch of the new phase, Celeste, in its township, Godrej Garden City, Ahmedabad. The company has sold 870 homes with a booking value of approximately Rs 435 crore since Celeste was launched in October 2022.

The regulatory filing of Godrej Properties also stated that Celeste includes 8 towers and offers homes and retail outlets. The Godrej Garden City was launched in October 2020. The township project was planned by world-renowned architects Skidmore, Owings, and Merrill (SOM), who have also designed

numerous landmark projects across the globe such as the Burj Khalifa in Dubai.

Gaurav Pandey, MD & CEO, of Godrej Properties, said, “We are happy with the overwhelming response received for Celeste at Godrej Garden City, Ahmedabad. The customer’s confidence is a reflection of the increasing demand for sustainable integrated developments by reputed developers. Ahmedabad is an important market for us and we will aim to build an outstanding residential community that creates long-term value for its residents."

Earlier on December 29, 2022, Godrej properties informed that it has acquired 9-acre land in Gurugram to develop premium residential space.

Godrej Properties is a real estate company. The company is engaged in construction and real estate development and focuses on developing residential, commercial and township projects.

Today, the stock opened at Rs 1245.00 and made a high and low of Rs 1245.00 and Rs 1207. The stock previously closed at Rs 1232.60. Currently, the stock is trading at Rs 1209.80, down by 1.85%.


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