Godrej Properties sold homes worth over Rs 1,000 crore at its first project in Hyderabad

Godrej Properties Ltd made a strong debut in Hyderabad’s real estate market as it sold residential properties worth over Rs 1,000 crore in its first housing project within the first few weeks of its launch.

The real estate developer said that it has sold over 300 homes in its project 'Godrej Madison Avenue' launched in January, according to a regulatory filing on Tuesday. It is located on the Golden Mile Road in Kokapet. In terms of volume, the company has sold 0.84 million sq ft.

Gaurav Pandey, MD & CEO of Godrej Properties, said the company has got a good response to its first project in Hyderabad.

“We are thrilled with the response to our first project in Hyderabad. This success reiterates the huge growth opportunity available to Godrej Properties in Hyderabad and the strong demand for premium residential developments in Kokapet. This success also strengthens our commitment to expanding in Hyderabad where we will be launching a second project shortly," he added.

The stock of Godrej Properties were trading at 2,135 on BSE at 1:18 pm.

Additionally, the company is soon planning to launch its second project in Hyderabad.

Godrej Properties is one the leading real estate developers in the country. In FY 2024, it emerged as the largest developer in India by the value of residential sales achieved.