Godrej Properties Hits ₹2,000+ Cr Sales with Godrej Jardinia Launch in Noida

On Thursday, Godrej Properties Limited revealed the sale of around 650 residential units at its Godrej Jardinia project in Sector 146, Noida, generating revenue exceeding ₹2,000 crore. Launched in May 2024, this project has emerged as Godrej Properties' most lucrative launch in Noida based on the total value of properties sold.

In a regulatory filing, Godrej Properties informed that it has "sold around 650 homes worth over ₹2,000 crore in its project, Godrej Jardinia, located in Sector 146, Noida." The project, launched in May 2024, highlights the strong consumer demand for residential properties in Noida.

Noida's Sector 146 is a thriving and emerging residential area, offering top-notch social and commercial facilities such as the Noida SEZ, entertainment centers, and Film City. It also boasts excellent connectivity to the upcoming Jewar Airport, metro station, Noida-Greater Noida Expressway, and Yamuna Expressway. 

Following the successful launch of Godrej Tropical Isle last year, this latest project marks the fourth development in the past year to achieve sales exceeding ₹2000 crores in the National Capital Region (NCR).

Godrej Properties acquired eight land parcels outright and two through other means in the previous fiscal year for residential development projects valued at over ₹21,000 crore. The company targets to acquire additional land parcels in the current fiscal year to drive sales bookings of ₹20,000 crore. In a recent investor presentation, Godrej Properties disclosed the acquisition of 10 new projects with an estimated future booking value of ₹21,225 crore. In the previous fiscal year, the company set a target of ₹15,000 crore for new business development, including land purchases both outright and in collaboration with landowners.

"This is Godrej Properties' most successful-ever launch in Noida in terms of the value of sales achieved," the company highlighted.

Gaurav Pandey, MD & CEO, Godrej Properties, said, "Noida is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in the city in the years ahead." Godrej Properties is one of the leading real estate developers in the country. It has a major presence in the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru property markets.

Pandey added, “We are delighted with the response to our project, Godrej Jardinia. 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 that Godrej Jardinia offers its residents an outstanding living experience. Noida is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in the city in the years ahead.” 

Godrej Properties Ltd (GP), a subsidiary of Godrej Industries Ltd, is as a real estate company. It constructs and develops residential, commercial, industrial and township properties. Its key portfolio includes accommodation options with 1 BHK and 2 BHK homes and villas and storied block apartments with two, three and four-bedroom options. GP’s proposed integrated township projects include Godrej Garden City in Ahmadabad, which comprises large residential and commercial spaces, schools, hospitals, hotels and also lifestyle amenities. The company operates in India, Dubai, the US and Singapore. GP is headquartered in Mumbai, Maharashtra, India.