Realty firm Godrej Properties sales bookings rose 77 percent year-on-year to Rs 8,181 crore in the April-December period on strong housing demand, and will cross the target of Rs 10,000 crore for the full fiscal, its Executive Chairman Pirojsha Godrej said.
The company’s sales bookings stood at Rs 4,613 crore in the first nine months of the last financial year. In an interview with PTI, Pirojsha Godrej said, ”We are very happy with the quarter gone by. Operationally, it has been a very strong quarter”.
Sales booking during the October-December period jumped over two-fold to Rs 3,252 crore from Rs 1,541 crore in the year-ago period. ”We have already done nearly Rs 8,200 crore of sales bookings in the first three quarters of this fiscal year and hopefully we will definitely cross Rs 10,000 crore annual guidance,” Godrej said.
The sales bookings in the third quarter were the highest for the company for any quarter ever, Godrej highlighted. Nevertheless, he said, Godrej Properties will not revise upwards its annual guidance for sales bookings. According to an investors’ presentation, out of the total sales bookings in April-December of this fiscal, the residential segment contributed Rs 8,124 crore, while commercial properties were just Rs 57 crore.
Geographically, Godrej Properties sold properties worth Rs 2,675 crore in Delhi-NCR, Rs 2,053 crore in Mumbai Metropolitan Region (MMR), Rs 1,452 crore in Bengaluru and Rs 1,376 crore in Pune. These are the four major markets for the company.