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Property Code: 5571

Home / Business and Economy / Godrej Properties Eyes Hyderabad Expansion Post ₹2,600 Cr Sales

Godrej Properties Eyes Hyderabad Expansion Post ₹2,600 Cr Sales

14 Dec

•

Summary

  • Godrej Properties achieved ₹2,600 crore sales in first year in Hyderabad.
  • Company plans significant expansion in Hyderabad's premium housing market.
  • Overall sales bookings grew 13% to ₹15,587 crore this fiscal year.
Godrej Properties Eyes Hyderabad Expansion Post ₹2,600 Cr Sales

Godrej Properties has reported exceptional performance in the Hyderabad real estate market, securing over ₹2,600 crore in sales bookings during its inaugural year. This achievement, stemming from two project launches since January, has prompted the company to aggressively seek further land acquisition in the city. Hyderabad's robust demand for premium and luxury properties presents significant growth potential that Godrej Properties aims to capitalize on.

Company executives highlighted the substantial success achieved in Hyderabad, with plans to expand their business operations there. This strategic focus on Hyderabad is a key driver for the company's overall financial growth. Godrej Properties has seen its total sales bookings increase by 13% to ₹15,587 crore in the first half of the current fiscal year, compared to ₹13,835 crore in the same period last year.

With a strong outlook for the full fiscal year, targeting ₹32,500 crore in sales bookings, Godrej Properties is actively investing in new projects and land acquisitions across major cities. The recent acquisition of a 5-acre land parcel in Kokapet for a project estimated at ₹4,150 crore further underscores their commitment to Hyderabad's thriving market.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Godrej Properties achieved over ₹2,600 crore in sales bookings in Hyderabad within its first year of operation.
Yes, Godrej Properties is aggressively looking for more land in Hyderabad to expand its business due to strong demand.
Across all markets, Godrej Properties achieved a 13% growth in sales bookings to ₹15,587 crore in the first six months of this fiscal year.

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