Godrej Properties sells around 650 flats worth over ₹2,000 Crore in Noida

Godrej Properties, a prominent real estate developer, has made a remarkable achievement by selling over 650 flats worth more than ₹2,000 crore in its newly launched housing project, Godrej Tropical Isle, located in Noida’s Sector 146. This successful launch has set a new record for the company, becoming its most successful project in terms of both sales volume and value.

The project, which was launched in August 2023, comes just nine months after Godrej Properties secured the land through an e-auction conducted by the Noida Authority in November 2022. The swift turnaround from land acquisition to project launch and the impressive sales figures demonstrate the company’s strong execution capabilities and the high demand for quality housing in the region.

Sector 146 in Noida has emerged as a sought-after residential area due to its strategic location and proximity to key social and commercial infrastructure. The area benefits from its close proximity to the Noida Special Economic Zone (SEZ), entertainment hubs, and Film City, making it an attractive choice for homebuyers. Additionally, the sector boasts excellent connectivity to both Indira Gandhi International Airport and the upcoming Jewar Airport, further enhancing its appeal.

Despite the record-breaking sales achievement, shares of Godrej Properties traded flat on the stock exchanges on Thursday. The company’s stock closed at ₹2,806.45 on the NSE, registering a marginal decrease of 0.25% from the previous close.

Godrej Properties’ successful launch of Godrej Tropical Isle in Noida’s Sector 146, with sales exceeding ₹2,000 crore, showcases the company’s strong position in the real estate market and the growing demand for quality housing in the region. The strategic location, well-planned infrastructure, and connectivity of Noida continue to attract homebuyers and investors, driving the city’s real estate growth. As Godrej Properties aims to strengthen its presence in Noida, the success of this project sets a positive tone for its future endeavors in the market.