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Godrej Properties sells 1000 flats in 3 new projects; Projects in Greater Noida and Pune a hit

Godrej Properties has revealed that it has managed to sell over 1,000 apartments since March in its three new housing projects at Mumbai, Pune and Greater Noida. The sale, which is valued at INR 1,000 crore, involved sales of 130 flats in the Mumbai project, 500 flats in Greater Noida and over 450 units in Pune.

Godrej Properties said in a statement it has "sold over 1,000 apartments across three new project launches - Godrej Origins at The Trees in Mumbai, The Suites at Godrej Golf Links in Greater Noida, and Godrej 24 at Hinjawadi, Pune – since March 2017.”

The real estate market is facing a multi-year slowdown and demand was further affected post demonetisation. However, the sales have picked up in the last few months on the back of lower interest rates and incentives announced by the Centre in the Budget for affordable housing segment.

Godrej Properties is developing a 100-acre township in Greater Noida in partership with a local partner.

Overall, the company is currently developing residential, commercial and township projects spread across 133 million sq ft in 12 cities.  


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