{"id":1378,"date":"2024-10-15T12:51:49","date_gmt":"2024-10-15T12:51:49","guid":{"rendered":"https:\/\/www.homebazaar.com\/news\/?p=1378"},"modified":"2024-10-15T12:51:49","modified_gmt":"2024-10-15T12:51:49","slug":"godrej-properties-acquires-land-parcels-to-build-housing-projects","status":"publish","type":"post","link":"https:\/\/www.homebazaar.com\/news\/godrej-properties-acquires-land-parcels-to-build-housing-projects\/","title":{"rendered":"Godrej Properties Acquires 6 Land Parcels To Build Rs. 9650 Cr Housing Projects"},"content":{"rendered":"<p><span style=\"font-weight: 400\">According to the news agency, Godrej Properties obtained 6 new land parcels in the Q2 of the financial year 2024-25. This is because the company is planning to develop housing projects of worth Rs. 9,650 Cr which is a part of its expansion plans in the middle of strong market demand.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Godrej Properties is amongst the leading real estate developers in India. It has noteworthy presence in Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru and Pune.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Godrej Properties forms partnerships with landowners for a joint venture to expand its housing business. They also acquire land through outright purchases.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the latest operational updates from <a href=\"https:\/\/www.homebazaar.com\/builders\/godrej-properties\">Godrej Properties<\/a> in July- September quarter, they added 8 new land parcels. This is in the first six months of this fiscal year with a total approximate of the build up area of 11 million sq. ft and the overall value of booking estimated of Rs. 12650 Cr.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the Q2 of this year, they included the addition of 6 new land parcels with an expected booking value of Rs. 9650 Cr.<\/span><\/p>\n<p><span style=\"font-weight: 400\">63% of the annual guidance has already been achieved for new business development by Godrej Properties.<\/span><span style=\"font-weight: 400\">The sales booking of the Godrej properties rose by 3 percent to approximately Rs. 5200 Crores on better housing demand.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This is the top most booking value acquired by Godrej Properties in Q2 (July- September).<\/span><\/p>\n<p><span style=\"font-weight: 400\">The sales booking value grew 89% yearly to over Rs. 13,800 Crores during the April-september period of this financial year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In terms of sales booking Godrej properties became the largest real estate firm listed in the last fiscal.<\/span><span style=\"font-weight: 400\">The company targets to achieve Rs. 27,500 crores worth of sales in the current financial year 2024-25.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the news agency, Godrej Properties obtained 6 new land parcels in the Q2 of the financial year 2024-25. This is because the company is planning to develop housing projects of worth Rs. 9,650 Cr which is a part of its expansion plans in the middle of strong market demand. Godrej Properties is amongst [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,28],"tags":[195,64,140],"class_list":["post-1378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","category-residential","tag-godrej-properties","tag-real-estate","tag-real-estate-news"],"_links":{"self":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/comments?post=1378"}],"version-history":[{"count":0,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media\/1379"}],"wp:attachment":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media?parent=1378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/categories?post=1378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/tags?post=1378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}