Godrej Prop sells 1000 flats in 3 new projects for Rs 1,000 cr

Realty firm Godrej Properties today said it has sold over 1,000 apartments since March in its three new housing projects at Mumbai, Pune and Greater Noida for around Rs 1,000 crore.
Godrej Properties said in a statement it has "sold over 1,000 apartments across three new project launches - Godrej Origins at The Trees in Mumbai, The Suites at Godrej Golf Links in Greater Noida, and Godrej 24 at Hinjawadi, Pune - since March 2017.
Mumbai-based developer, which is a real estate firm of Godrej group, sold 130 flats in the Mumbai project, 500 flats in Greater Noida and over 450 units in Pune.

When contacted, Godrej Properties Executive Chairman Pirojsha Godrej said the sales value of these apartments is "almost Rs 1,000 crore".
Stating that the company has got a strong response to its new launches, he said: "We look forward to building on this momentum in the months ahead".
The real estate market is facing a multi-year slowdown and demand was further affected post demonetisation. However, the sales have picked up in the last few months on the back of lower interest rates and incentives announced by the Centre in the Budget for affordable housing segment.
Godrej Properties is developing a 100-acre township in Greater Noida in partnership with a local partner.

Overall, the company is currently developing residential, commercial and township projects spread across 133 million sq ft in 12 cities.