Godrej Properties to add new projects worth Rs 15,000 cr in FY23

10 Aug 2022 CW Team

Mumbai-based Godrej Properties hopes to expand with new housing projects totaling over Rs 15,000 crore by making outright purchases of land and entering into collaborative ventures with landowners.

The company’s sales bookings increased five-fold to Rs 2,520 crore between April and June, setting a record for its first quarter's sales. Despite a rise in mortgage interest rates and a rise in housing costs, he anticipates that sales momentum will continue in the remaining quarters of this fiscal year.

About 20 residential projects, including new ones and new phases of existing projects, are part of the company's launch plan. As opposed to 6.5 million square feet in 2021–2022, GPL anticipates delivering 10 million square feet within the current fiscal year.

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