Godrej Properties has reached a milestone with its Godrej Woodscapes project in Whitefield-Budigere Cross, Bengaluru, selling over 2,000 homes and generating sales exceeding INR 3,150 crore (approximately USD 39 million). This project marks their most successful launch in Bengaluru and the highest sales volume and value ever for the company. This achievement, coupled with another recent launch exceeding INR 3,000 crore in sales, highlights the strong demand for residential properties in Bengaluru. With a robust pipeline of new projects in Bengaluru and plans to enter the Hyderabad market, Godrej Properties is set for continued growth in South India.
Godrej Woodscapes, launched by Godrej Properties in Bengaluru located in Whitefield-Budigere Cross, has sold over 2,000 homes for a total value exceeding INR 3,150 crore (approximately USD 39 million USD).
This marks a significant milestone for Godrej Properties, not only for being their most successful launch in Bengaluru but also for achieving the highest sales volume and value for the company ever. Godrej Woodscapes sold over 2,000 homes, exceeding INR 3,150 crore in sales.
This impressive feat comes on the heels of another successful launch by Godrej Properties earlier this year, which also achieved sales exceeding INR 3,000 crore (approximately USD 37 million USD). These back-to-back achievements highlight the strong demand for residential properties in Bengaluru, particularly for projects from established developers like Godrej Properties.
The success of Godrej Woodscapes has propelled Godrej Properties to surpass their entire South India sales target for the 2023-2024 financial year (FY24) within the first quarter. This achievement, reaching sales over INR 3,150 crore within the first quarter, demonstrates the company's strong performance and commitment to the South Indian market.
Looking ahead, Godrej Properties has a robust pipeline of new projects planned for Bengaluru throughout the remaining fiscal year. These planned launches will further solidify their presence in the city. Additionally, they are strategically entering the Hyderabad market with new projects, further solidifying their presence in South India.
Gaurav Pandey, MD & CEO of Godrej Properties, emphasised the significance of South India for the company, stating their intention to further strengthen their presence in the region in the coming years.
This focus on South India, coupled with their successful launches, positions Godrej Properties for continued growth in the region. Their strategic expansion into Hyderabad shows their commitment to capitalising on the strong demand for residential properties across South India.
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