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Godrej Properties Announces Ambitious Launch of Housing Projects Worth ₹30,000 Crore in FY'25
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Mumbai, May 6, 2024: In a move that signals bullishness on the Indian real estate market, Godrej Properties Ltd., a leading player in the sector, announced plans to launch housing projects worth a staggering ₹30,000 crore in the current financial year (FY'25). This ambitious target reflects the company's confidence in the sustained demand for quality housing across major Indian cities.
Driving Growth Through Strategic Launches
Pirojsha Godrej, Executive Chairperson of Godrej Properties, outlined the company's strategy during a recent interview. Godrej highlighted a sales bookings guidance of ₹27,000 crore for FY'25, representing a significant 20% growth over the previous fiscal year. To achieve this target, the company plans to launch multiple projects spread across key markets like Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Pune, and Hyderabad. This geographically diverse approach ensures they cater to a wide range of customer preferences and regional demands.
Capitalising on Strong Demand
The Indian real estate sector has exhibited consistent growth in recent times, driven by factors like increasing urbanisation, a growing young population, and a robust economy. Godrej Properties' strategic decision to launch projects worth ₹30,000 crore capitalises on this positive momentum. This significant investment is expected to create a substantial inventory of new housing options, catering to the ever-growing demand for quality living spaces.
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Focus on Project Delivery and Expansion
Beyond new launches, Godrej Properties remains committed to delivering ongoing projects and expanding its land bank for future development. This multi-pronged approach ensures a steady stream of new offerings while strategically securing land parcels in prime locations for upcoming projects.
Godrej Properties: A Legacy of Trust
Godrej Properties has established itself as a leading name in Indian real estate, renowned for its commitment to quality construction, timely project delivery, and customer satisfaction. This latest announcement underscores their unwavering focus on growth and their dedication to shaping the future of Indian real estate.
Looking Ahead
The launch of housing projects worth ₹30,000 crore signifies Godrej Properties' ambitious vision for FY'25. This strategic move positions them to capitalise on the strong demand in the Indian real estate market while solidifying their position as a leading industry player.
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