Godrej Properties Achieves Milestone: Crosses Rs 2,000-Crore Booking Mark with Ambitious Plans for FY24

In a significant achievement, Godrej Properties has become the first real estate developer to surpass the Rs 2,000-crore booking mark, signaling robust growth and unwavering investor confidence. The company's Chairman has set an even more ambitious target, aiming to cross a booking value of Rs 14,000 crore in the financial year 2023-24.

Breaking New Ground

Godrej Properties, a renowned name in the Indian real estate sector, has achieved a remarkable milestone by recording bookings exceeding Rs 2,000 crore. This achievement not only reflects the company's enduring reputation but also the resilience of the real estate market in India.

Impressive Growth in Sustenance Sales

One of the standout aspects of Godrej Properties' performance has been the impressive growth in sustenance sales during the financial year. These sales have surged by a remarkable 25%, reaching a substantial figure of Rs 6,026 crore. This underscores the company's ability to not only attract new customers but also retain existing ones, a testament to the quality and value of their properties.

Soaring Sales from New Launches

In a testament to its innovative approach and market acumen, Godrej Properties has experienced exponential growth in sales from new launches. This segment has witnessed an astounding increase of over 100%, culminating in sales worth Rs 6,206 crore. This surge in demand for newly launched projects highlights the developer's keen understanding of market trends and customer preferences.

Ambitious Plans for FY24

Looking ahead, Godrej Properties' Chairman has set an ambitious target for the financial year 2023-24. The company aims to cross a booking value of Rs 14,000 crore, a goal that showcases their unwavering commitment to growth and excellence. This target not only reflects the company's confidence in its projects but also its vision for the future of Indian real estate.

Contributing to India's Real Estate Resurgence

Godrej Properties' exceptional performance contributes significantly to the resurgence of India's real estate sector. Despite the challenges posed by the pandemic, the company's ability to attract investors and homebuyers alike underscores the enduring appeal of the Indian real estate market.

## Conclusion

Godrej Properties' achievement of crossing the Rs 2,000-crore booking milestone is a testament to its unwavering commitment to quality, innovation, and customer satisfaction. With impressive growth in sustenance sales and soaring sales from new launches, the company is poised for a promising future. As it sets its sights on the ambitious Rs 14,000-crore booking target for FY24, Godrej Properties continues to be a beacon of growth and resilience in India's real estate landscape.