In a remarkable achievement, Godrej Properties Ltd, a leading Mumbai-based real estate developer, has set a new benchmark by achieving record-breaking sales of ₹2,690 crore in its recently launched project, Godrej Reserve, located in Kandivali, Mumbai. The project, which was launched within a mere 15 months of land acquisition, has become the company’s most successful launch ever in Mumbai, both in terms of value and volume of sales.
The developer has sold over 800 homes, spanning approximately 1.5 million square feet of area. Godrej Reserve boasts a developable potential of around 3.72 million square feet, with an estimated revenue potential of nearly ₹7,000 crore. Godrej Properties plans to sell the remaining significant unlaunched inventory in the coming years.
Kandivali, a well-established residential location in Mumbai, offers residents access to a wide range of social and civic infrastructure, including numerous schools, healthcare facilities, retail malls, and entertainment outlets, making it an attractive destination for homebuyers.
Gaurav Pandey, MD and CEO of Godrej Properties, expressed his delight at the overwhelming response to the project, stating, “This has now become the best-ever launch in Mumbai residential real estate. We’d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure Godrej Reserve offers its residents an outstanding living experience.”
Godrej Properties, a leading real estate firm in India, has a strong presence in key markets such as the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, and Pune. The company’s success with Godrej Reserve further solidifies its position as a top player in the Indian real estate market, particularly in the highly competitive Mumbai market.
The record-breaking sales achieved by Godrej Properties in this project demonstrate the company’s ability to identify and develop high-quality residential projects that cater to the needs and preferences of homebuyers. The success of Godrej Reserve also highlights the ongoing demand for well-located, well-designed, and well-executed residential projects in Mumbai, despite the challenges posed by the COVID-19 pandemic.
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Source: Hindustan Times
Godrej Properties achieved record-breaking sales of ₹2,690 crore for the Godrej Reserve project.
Over 800 homes were sold in the Godrej Reserve project.
The total area of homes sold spans approximately 1.5 million square feet.
The Godrej Reserve project has a developable potential of around 3.72 million square feet.
The estimated revenue potential of the Godrej Reserve project is nearly ₹7,000 crore.
Gaurav Pandey is the MD and CEO of Godrej Properties.
Kandivali offers a wide range of social and civic infrastructure, including schools, healthcare facilities, retail malls, and entertainment outlets.
The Godrej Reserve project was launched within 15 months of land acquisition.
The success of Godrej Reserve solidifies Godrej Properties' position as a top player in the Indian real estate market, particularly in Mumbai.
The success indicates ongoing demand for well-located, well-designed, and well-executed residential projects in Mumbai, despite challenges such as the COVID-19 pandemic.
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