Mumbai-based developer Godrej Properties is hoping to build on the record sales it saw in FY24 and is confident that a strong housing demand in major metro markets could help meet the booking guidance for this year.
Shares of Godrej Properties hit record high on May 6 on strong buying interest following robust Q4 results and strong sales trends. It reported highest-ever sales by any listed real estate player for FY24.
Executive Chairman Pirojsha Godrej told CNBC-TV18 in a conversation that the real estate developer's new launches in Mumbai and NCR region have received good responses, and hopefully demand for its premium projects in Pune and Bengaluru too will pick up this year. "We are seeing very robust responses to projects by credible developers, and we feel that the kind of business development we did, over the last three or four years has left us well-positioned to have a launch pipeline in FY25 that can support this kind of growth," Pirojsha Godrej added.
The developer has issued a sales bookings guidance of Rs 27,000 crore for FY25, 20% higher than the high base it saw last fiscal. "We are really excited to see the kind of momentum in the business," he had told PTI in an interaction earlier.
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