Godrej Properties sells Rs 28,800cr worth properties in 2024, highest among listed players
Godrej Properties has sold properties worth Rs 28,800 crore during the 2024 calendar year, highest among all listed real estate companies in India, on strong demand for its housing projects across many cities. Realty major, DLF — the country's largest real estate firm in terms of market capitalisation — sold properties worth around Rs 20,650 crore during the last calendar year mainly on high demand for its ultra-luxury housing project 'The Dahlias' in Gurugram where it sold properties in a price range of Rs 55-150 crore per unit.
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In an investors presentation, Godrej Properties said, «Highest ever booking value and area sold achieved by any listed real estate developer in a calendar year. Booking value grew 69 per cent to Rs 28,800 crore from sale of 26.38 million square feet of area, a volume growth of 54 per cent.»
The company highlighted that the Delhi-NCR market contributed maximum pre-sales in the last calendar year at Rs 9,936 crore followed by Mumbai Metropolitan Region (MMR) Rs 9,177 crore and Bengaluru (Rs 5,303 crore).
Pirojsha Godrej, Executive Chairperson of Godrej Properties, said the company has «delivered a record-breaking calendar year 2024 with its highest ever bookings, collections, operating cashflows, earnings and deliveries.»
Among the listed entities, there are many big names, including Prestige Estates Projects Ltd, Macrotech Developers, Signature Global, Brigade Enterprises, Oberoi Realty, Sobha Ltd and Puravankara.
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