Godrej Properties (GPL) is planning to invest more than $1 billion over the next couple of years to acquire and develop new projects as part of its target to achieve higher growth.
For the first time, the company was India's largest developer by the value and volume of sales it achieved. The company's sales bookings grew 14 percent to a record Rs 6,725 crore last fiscal despite adverse impact of the COVID pandemic, surpassing nearly Rs 6,000 crore clocked by Macrotech Developers (erstwhile Lodha Developers.) The company sold 9,345 homes at an average of over 25 homes per day.
Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.
