After Kovid, a change in the demand of consumers has been observed.
Real Estate sector veteran Godrej Properties Limited has sold around 90 flats worth more than Rs 1,000 crore on the day of the launch of its new luxury housing project in Gurugram. According to PTI news, in a regulatory filing on Friday, the company said that about 90 flats were sold on the day of the launch of its project ‘Godrej Estra’ located in the Golf Course Road Micro-Market. The project is spread over 2.76 acres.
The company’s second project on this location
According to the news, Godrej Properties Limited has made this tremendous sale when the demand in the residential property market has decreased overall. This is the company’s second launch in Prime Golf Course Road Micro-Market. Gaurav Pandey, MD and CEO of Godrej Properties, said that Gurugram is a very important market for Godrej properties and we expect to further strengthen our presence there in the coming years. Godrej Properties is one of the country’s leading real estate developers.
Large -brand listed developers are doing better performance
Recently, real estate data analytics firm Propkets said that the sales of homes in nine major cities in January-March have declined by 23 percent, while Housing brokerage firm Enerok has recorded a 28 percent decline in sales in seven major cities this quarter.
Despite the recession in the overall demand, large -brand listed developers are continue to report good sales in their newly launched residential projects. After Kovid, a change in the demand of consumers has been observed.
Sale in these cities also spectacular
Godrej Properties have recently sold residential properties worth more than Rs 1,000 crore in their first residential project in Hyderabad. He has sold more than 300 houses within a few weeks of the project started under his project ‘Godrej Madison Avenue’ in Kokapet. Residential properties worth Rs 1,000 crore have been sold in its new project in Pune. The company said in the information to the stock market that it has sold assets worth more than Rs 1,000 crore at its project Godrej Evergreen Square in Hinjwadi, Pune.
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