This move would provide further boost to the affordable and mid-income housing segments, analysts said
The management said sales growth for the year was on the back of both an improving project mix as well as strong volume growth of 40 per cent.
The breach of a critical level after a period of nearly 10 months reflects a shift in sentiment. The overall trend remains bearish as the index is making lower top, lower bottom on the technical chart
Godrej Properties, DLF and Mahindra Lifespace Developers were down 3 per cent, while Macrotech Developers (Lodha), Sobha, Oberoi Realty, Indiabulls Real Estate and Prestige Estates fell 1-2 per cent
Realty index may slip up to 7 per cent if stays beneath 400 level
The company has sold 870 homes with a booking value of approximately Rs 435 crore since the project was launched in October, last year
Golf Course Road Extension will offer 1.6 million square feet of premium residential development
Company says it has added 6 new projects with a total saleable area of 6.34 million sq ft
Realty firm Godrej Properties has acquired 12 acres of land in Pune for development of a housing project that has an estimated sales revenue potential of about Rs 2,000 crore. According to a regulatory filing, the company has, on an outright basis, acquired a 12-acre land parcel in Mundhwa-East, Pune. The development on this land will primarily be for a premium group housing project. The project will have a developable potential of approximately 2.2 million square feet with an estimated revenue potential of around Rs 2,000 crore, it added. Mohit Malhotra, MD & CEO, Godrej Properties, said, "Mundhwa is an important micromarket in Pune and we are happy to add this land parcel to our portfolio. This will further expand our presence in Pune and fits with our strategy of deepening our presence in established micro markets across India's leading cities." Godrej Properties, which is part of business conglomerate Goderj group, is one of the leading real estate developers of the ...