Godrej Properties sells over 5,000 homes worth Rs 9,500 crore in Q4FY24

Godrej Properties announced its best ever quarterly and annual sales in Q4 FY 24 and FY 24 respectively.

GPL's highest ever quarterly and annual sales: Q4 FY24 booking value grew by 135% to more than Rs 9,500 crore and FY 24 booking value grew by 84% to more than Rs 22,500 crore.

GPL achieved 161% of its booking value guidance for FY24 with volume growth of 31% during the year to 20.00 million sq. ft. and an improved project mix. Sales volume for Q4FY24 grew by 56% to 8.17 million sq. ft.

Sales were driven by superlative consumer demand in some key new project launches. Godrej Zenith in NCR achieved a booking value of more than Rs 3,000 crore and Godrej Reserve in MMR achieved a booking value of Rs 2,690 crore. Both of these projects were the best ever launches for GPL in the respective markets.

 

In FY24, 4 projects (including Godrej Aristocrat launched in Q3 and Godrej Tropical Isle launched in Q2) achieved over Rs 2,000 crore booking value.

GPL's bookings in NCR in FY 24 grew 180% to over Rs 10,000 crore and GPL's bookings in MMR grew 114% to over Rs 6,500 crore.

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