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Language , Updated: Aug 7, 2022, 5:01 PM
New Delhi, Aug 7 (PTI) Godrej Properties Ltd (GPL), an actual property corporate of the Godrej Group, plans to release new housing initiatives value round Rs 15,000 crore within the present monetary yr. GPL government chairman Pirojsha Godrej instructed PTI that the corporate has followed the process of land acquire and three way partnership with landowners to start out new initiatives. He stated the reserving figures for housing gadgets within the first quarter of the present monetary yr had been “solid”. Sales bookings up 5 instances in April-June quarter
GPL government chairman Pirojsha Godrej instructed PTI that the corporate has followed the process of land acquire and three way partnership with landowners to start out new initiatives.
He stated the reserving figures for housing gadgets within the first quarter of the present monetary yr had been “solid”. Sales bookings within the April-June quarter grew greater than 5 instances to about Rs 2,520 crore, the very best quarterly determine ever.
Pirojsha expects that this development of sturdy bookings will proceed in the rest quarters of FY 2022-23 as neatly. He stated that in spite of emerging rates of interest on housing loans and emerging area costs, new bookings will proceed to upward thrust.
“We had set a booking target of Rs 10,000 crore for this financial year. We have already achieved 25 per cent of that in the first quarter itself. This is a good start as the number of homes usually falls in the third and fourth quarters,” he stated. Bookings are prime.”
GPL In the last financial year 2021-22, the company had secured bookings worth Rs 7,861 crore.
