Godrej Properties: Rs 300 billion housing projects to launch in FY?25
The real estate company Godrej Properties intends to introduce residential projects valued at Rs 300 billion this fiscal year in prominent cities such as Delhi, Gurugram and Noida. This initiative aims to attain a 20% increase in sales bookings, in line with the company's projections. Pirojsha Adi Godrej, the CEO of Godrej Properties, stated that they had provided sales booking guidance of Rs 2,700 billion for the current fiscal year, reflecting a 20% growth from the high base in 2023-24. To capitalise on this demand, he mentioned that the company had planned launches for multiple projects ac..
Godrej & Boyce, Godrej Properties extend partnership in Vikhroli
Godrej & Boyce, the owner-developer, and Godrej Properties, the development manager, announced that the two companies will continue their Memorandums of Understanding executed from time to time, for development of land in Vikhroli owned by Godrej & Boyce, as and when Godrej & Boyce is desirous of developing the said land. Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, an IGBC Platinum rated residential development project with a total constructed area of 1 million square feet, which has been marketed by Godrej Properties and, in March 2024..
Godrej Properties Sells Flats Worth Rs.26.90 Bn
Godrej Properties, a leading real estate developer, has reported sales amounting to ?26.90 billion from its latest housing project. This achievement underscores the strong demand for residential properties despite market challenges.
The sales performance reflects the resilience of the residential real estate market, which has witnessed steady demand despite economic uncertainties. Factors such as low-interest rates, favourable government policies, and pent-up demand have supported homebuyers' interest in property investments.
Godrej Properties' successful sales in its new housing..
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..