Godrej Properties sells flats worth Rs 2,690 crore in new residential project in Mumbai
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Godrej Company said in a stock exchange filing on Friday that it has sold flats worth about Rs 2,690 crore in its ‘Godrej Reserve’ project located in Kandivali, Mumbai. “Launched within 15 months of land acquisition, this project is GPL’s most successful project so far in terms of sales value and volume,” the company said.
New Delhi. Real estate company Godrej Properties Limited (GPL) has sold flats worth Rs 2,690 crore in its new residential project in Mumbai. The company said in a stock exchange filing on Friday that it has sold flats worth about Rs 2,690 crore in its ‘Godrej Reserve’ project located in Kandivali, Mumbai. “Launched within 15 months of land acquisition, this project is GPL’s most successful project so far in terms of sales value and volume,” the company said.
The project has a developable area of 37.2 lakh square feet and an estimated revenue potential of approximately Rs 7,000 crore. Many flats in the project are yet to be sold, which the company plans to sell in the coming years. Gaurav Pandey, Managing Director (MD) and Chief Executive Officer (CEO), Godrej Properties, said, “We are delighted with the response our project Godrej Reserve has received. It has now become one of the best projects offered in the residential real estate of Mumbai.
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