Godrej Properties notes 18% jump in sales bookings in FY22
08 Nov 2021
2 Min Read
CW Team
Sales bookings of Godrej Properties Limited increased by 18% to Rs 3,072 crore in April-September 2021 due to higher demand for residential properties in Delhi National Capital Region (NCR).
The sales bookings of properties had stood at Rs 2,605 crore in the same period during the last financial year.
The sales volume increased by 3% to Rs 43,83,959 sq ft during the first six months of FY22, compared to Rs 42,41,283 sq ft in the same period during the last financial year.
From the overall sales booking during the first half (H1) of FY22, the residential properties stood at Rs 3,051 crore, and commercial properties at Rs 20 crore.
The sales booking from Delhi NCR stood at Rs 1,063 crore, Pune at Rs 607 crore, Mumbai Metropolitan Region (MMR) at Rs 525 crore and Bengaluru at Rs 330 crore.
The company has witnessed a five-fold jump in its consolidated net profit of Rs 35.72 crore during September end this year. Last year its net profit was Rs 7.10 crore.
The total income of the company has increased to Rs 334.22 crore during the second quarter (Q2) of FY22 from Rs 250.23 crore in the same period last year.
The executive chairman of Godrej Properties', Pirojsha Godrej, said that after a week in the first quarter, the realty sector rebounded strongly during the second quarter. He added that the company has launched a robust pipeline plan in H2 FY22 and expects to grow on the current momentum.
Also read: Godrej Properties Q2 results: Net profit increases 403% at Rs 35.72 cr
Sales bookings of Godrej Properties Limited increased by 18% to Rs 3,072 crore in April-September 2021 due to higher demand for residential properties in Delhi National Capital Region (NCR).
The sales bookings of properties had stood at Rs 2,605 crore in the same period during the last financial year.
The sales volume increased by 3% to Rs 43,83,959 sq ft during the first six months of FY22, compared to Rs 42,41,283 sq ft in the same period during the last financial year.
From the overall sales booking during the first half (H1) of FY22, the residential properties stood at Rs 3,051 crore, and commercial properties at Rs 20 crore.
The sales booking from Delhi NCR stood at Rs 1,063 crore, Pune at Rs 607 crore, Mumbai Metropolitan Region (MMR) at Rs 525 crore and Bengaluru at Rs 330 crore.
The company has witnessed a five-fold jump in its consolidated net profit of Rs 35.72 crore during September end this year. Last year its net profit was Rs 7.10 crore.
The total income of the company has increased to Rs 334.22 crore during the second quarter (Q2) of FY22 from Rs 250.23 crore in the same period last year.
The executive chairman of Godrej Properties', Pirojsha Godrej, said that after a week in the first quarter, the realty sector rebounded strongly during the second quarter. He added that the company has launched a robust pipeline plan in H2 FY22 and expects to grow on the current momentum.
Image Source
Also read: Godrej Properties Q2 results: Net profit increases 403% at Rs 35.72 cr
Next Story
Kolkata鈥檚 luxury housing market sees price growth amid mixed trends
A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..
Next Story
New Expressway to Cut Pune-Bengaluru Travel Time by Half
The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..
Next Story
Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic
To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..
