Godrej Properties sells 300 apartments within a week
Dec 07, 2015
Source : ET


MUMBAI: Godrej Properties, the real estate development arm of the Godrej Group, has sold 300 apartments within one week at its newly launched project The Trees at Mumbai's Vikhroli suburb, the company said in a statement. 

This represents over 80 per cent of the 374 apartments the developer had opened for sale in the first phase of this project. The value of apartments sold is in excess of 700 crores making this Godrej Properties' most successful ever launch in terms of value of real estate sold, the company said. 

Shares of Godrej PropertiesBSE 1.94 % surged over 5 per cent following the company's announcement of achieving good bookings at their flagship project. 

"We are thrilled with the customer response to the launch of The Trees in Vikhroli. We will do everything possible to ensure we deliver our customers an outstanding and innovative project," Pirojsha Godrej, Managing Director & CEO, Godrej Properties. 

The project will include commercial development spread across 9.4 acres including Godrej One and the Godrej Group's global headquarters that has already been developed. 

The central mixed-use zone, spread over 9.2 acres, will comprise a 5-star luxury hotel, cultural buildings, luxury residential, and retail space, the developer said in a statement. 

The residential development will be spread over 6.7 acres and the first phase will have a saleable area of 5 lakh sq ft. 

Latest Realty News

Dec 05, 2015
NEW DELHI: With repeated disruptions in second week of the winter session putting its legislative agenda on the back burner, the government has proposed heavy business in both Houses of Parliament next week, listing key legislation like GST and Real Estate bills for consideration and passage.
Dec 05, 2015
Bhubaneswar, Dec. 4: The Odisha chapter of the Confederation of Real Estate Developers' Association India (Credai) is also planning to use social and digital media to sale properties.
Dec 05, 2015
BENGALURU | MUMBAI | NEW DELHI: It's still too early to count the losses from the unprecedented floods and torrential rains in Chennai that have impacted people from all walks of life, but one of the worst hit businesses clearly is real estate.
Dec 04, 2015
NEW DELHI: Realty firm Amrapali today said it will develop 10,000 affordable homes in Noida Extension for government employees at a cost of Rs 2,000 crore.
Dec 04, 2015
New Delhi: Nearly one-third allottees of Delhi Development Authority (DDA) flats under Housing Scheme 2014 have surrendered their flats, the Urban Development Ministry said on Thursday.
Dec 02, 2015
HYDERABAD: Disputing the claims of Telangana government that the record prices yielded in the latest round of land auction in Hyderabad reflected the boom in realty market, builders and global property consultants have cautioned that towering costs could actually deter the entry of national and international players.
Dec 01, 2015
NEW DELHI: Easing of investment norms under Foreign Direct Investment (FDI) policy for the real estate sector is more of a long term story, and is unlikely to result in any immediate increase in FDI in the near term, ratings agency Fitch Ratings has said.
Dec 01, 2015
MUMBAI: Elusive home buyers, at least some of them, are finally returning to the Mumbai property market. Direct discounts of 5-10 per cent, reduction in apartment sizes and falling interest rates have pushed cumulative residential property sales in the last four quarters by 28 per cent compared with the corresponding period, showed a JLL India report.
Nov 30, 2015
MUMBAI: BlackSoil Realty Fund-I is set to invest Rs 25 crore in realty developer Ahuja Constructions' residential project in central Mumbai's Sion locality.
Nov 30, 2015
BENGALURU: The Xander Group, which owns a portfolio of 66 million sq ft worth real estate assets in India, is looking to scoop up more across the retail, commercial and residential segments, the founder of the global investment firm said.

Latest Realty News Of State

Realty Talk's