 "real estate, architect, realty, construction, sales, people, flats, buildings, concrete, vendors, developers, builders")
Despite its highest ever sales in a quarter and management’s expectations of sales growth in FY22, the stock of Godrej Properties was down 4.6 per cent in trade on Wednesday. Worries that the second wave of the pandemic, multiple lockdowns across states and the economic impact could derail the pace of launches and absorption of India’s second largest developer by market capitalisation led to the stock fall.
Helped by seven launches in the March quarter, the company reported a 77 per cent sequential increase and a 10 per cent growth over the year ago quarter to Rs 2,630 crore. The
