Godrej Properties Strong FY2020 Performance
Commenting on the performance of Q4 FY2020, Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said, “Our focus at the moment is on ensuring the health and safety of our workforce and doing everything we can to assist the government’s response to this crisis. While the real estate sector is likely to be significantly impacted for the next few months, we believe there will be continued opportunities for credible developers with strong brands as the process of consolidation that has been underway in the sector gathers pace. In Q4, Godrej Properties posted its best ever quarterly performance in terms of the value of real estate sold. While the start of FY21 may be muted, our strong project pipeline and healthy balance sheet will help maintain sales momentum in FY21.”
Q4 FY20 witnessed a total booking value of INR 2,383 crore and total booking volume of 3.61 million sq. ft. as compared to total booking value of INR 2,161 crore and total booking volume of 3.72 million sq. ft. in Q4 FY19. FY20 witnessed a total booking value of INR 5,915 crore and total booking volume of 8.80 million sq. ft. as compared to total booking value of INR 5,316 crore and total booking volume of 8.76 million sq. ft. in FY19.
The company added 5 new projects with saleable area of ~6.1 million sq. ft. in Q4 FY20
Delhi, NCR
Chandivali, MMR
Faridabad, NCR
Worli, MMR
Matunga, MMR
Hebbal, Bangalore
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