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Godrej Properties announced that it has sold over 600 homes valued at Rs 2,600 crore during the launch of its project, Godrej Aristocrat, in Gurugram. This represents the highest sales value achieved during a launch for the Mumbai-based real estate developer.
The project, located in Sector 49 on Golf Course Extension Road, offers access to high-quality social infrastructure and is situated near established commercial establishments. Furthermore, the area provides strong connectivity to essential retail, medical, and educational infrastructure, with upcoming plans for a metro corridor that will further enhance connectivity across the Gurugram metropolitan area.
Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are delighted with the response to our project, Godrej Aristocrat. We’d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure Godrej Aristocrat offers its residents an outstanding living experience. Gurugram is an extremely important market for Godrej Properties. We hope to launch four new projects in Gurugram in 2024 and will endeavour to create outstanding residential communities that deliver long-term value for residents."
Godrej Properties is the real estate arm of the Godrej Group. It currently operates in various cities and focuses on residential, commercial, and township development.
The real estate developer’s consolidated net profit increased 21.54% to Rs 66.80 crore as against Rs 54.96 crore posted in Q2 FY23. Revenue from operations surged 107.77% to Rs 343 crore in Q2 FY24 from Rs 165.09 crore recorded in the corresponding quarter previous year.
Shares of Godrej Properties rose 0.69% to Rs 1971.75 on 22 December 2023.
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