Godrej Properties gets Rs 575 cr from home sales in Noida project

On the launch day of the second phase of its Godrej Woods project in Noida, Godrej Properties Limited (GPL) announced that it had sold 340 homes totalling half a million square feet for Rs 575 crore. The response to the forest-themed phase of the project, Evergreen, has pushed total sales to around Rs 1,140 crore in the last six months, according to the Mumbai-based real estate developer. Mohit Malhotra, Chief Executive Officer and Managing Director of Godrej Properties expressed his delight with the response to Godrej Woods. As per Malhotra, Noida is a crucial city for the company, and they plan to build on this momentum in the coming years. He cited that the company will do everything possible to ensure that the customers at Godrej Woods receive an excellent project. Godrej Properties entered the property market in the National Capital Region (NCR) in 2010 and has since added 17 projects in five cities. It has completed six projects in the region. As the real estate sector recovers from the second wave of the pandemic, NCR, India's largest property market, has seen a gradual recovery, similar to other cities. Image SourceAlso read: Godrej Properties reports net profit of Rs 17 cr in Q1 FY22 Also read: Godrej Properties to invest above $1 bn in coming years