Godrej Properties on Friday announced that it has sold approximately 90 homes worth over Rs 1000 crore at its luxury project, Godrej Astra, on the launch day. Godrej Astra is strategically located in Golf Course Road micro-market and spread over around 2.76 acres.
Golf Course Road is an established micro-market renowned for its upscale residential and commercial developments, making it an attractive destination for real estate development. This is GPL’s second launch in the prime Golf Course Road micro-market.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are delighted with the response to our luxury project, Godrej Astra. We’d like to take this opportunity to extend our gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure an exceptional living experience for the residents of Godrej Astra. Gurugram is an extremely important market for Godrej Properties and we look forward to further strengthening our presence there in the coming years.”
Earlier in February, Godrej Properties released its fiscal third quarter earnings report with profit at Rs 162.64 crore. The Q3 profit surged 161.19 per cent in comparison to Rs 62.27 crore during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 968.88 crore, up 193.21 per cent on-year.
Total booking value in Q3FY25 stood at Rs 5,446 crore from the sale of 4.07 million sqft of area, down 5 per cent year-on-year.
Shares of Godrej Properties were up 0.3 per cent at 9:20 am at a trading price of Rs 2,151.75.