Realty firm Godrej Properties’ sale bookings are likely to increase two fold at Rs 5,500 crore in FY16 despite slowdown in the property market. A sharp jump in the sales booking is on account of monetisation of its office space in Bandra Kurla Complex (BKC) in Mumbai for Rs 1,480 crore and a good response from its housing project ‘The Trees’ at Vikhroli.
The real estate arm of Godrej group has achieved a sales booking of Rs 4,422 crore in the first nine months of this financial year, up 96% from the previous year. Of the total sales booking so far, the residential segment contributed Rs 2,930 crore and commercial Rs 1,492 crore.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.
