Godrej Properties (GPL) is targeting to add new housing projects worth about Rs 15,000 crore this fiscal year (FY23) by purchasing land outright and by forming joint ventures with landowners. The company had a solid first quarter in terms of sales bookings.
The company's sales bookings jumped five-fold to Rs 2,520 crore during April-June period -- highest ever first quarterly sales. GPL clocked a sales booking of Rs 7,861 crore during the 2021-22 fiscal year and has set a target of Rs 10,000 crore for FY23.
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.
