Seen as a remarkable display of growth, two of India's leading real estate firms, Godrej Properties and Macrotech Developers, have reported combined sales exceeding Rs 22,000 crore during the first half of the fiscal year 2024-25. This figure marks a significant increase of 56 per cent compared to the same period last year, driven largely by a robust demand for premium housing according to a detailed report by The Press Trust of India. <o:p></o:p>

The report further elaborated that, Godrej Properties achieved sales worth over Rs 13,800 crore, while Macrotech Developers recorded sales bookings of Rs 8,320 crore. The majority of these transactions involved residential units, highlighting the ongoing consumer preference for home ownership in a recovering economy.<o:p></o:p>

Gaurav Pandey, Managing Director and CEO of Godrej Properties, expressed his satisfaction with the company's performance. "We are delighted with the scale-up we have achieved in the past couple of years. The sales bookings of over Rs 13,800 crore in H1 of FY25 surpass our annual bookings in FY23," he stated. This impressive growth can be attributed to an improved project mix and strong volume growth.<o:p></o:p>

The operational updates reveal that Godrej Properties' sales booking value has soared by 89 per cent year-on-year, up from Rs 7,288 crore in the previous year. Meanwhile, Macrotech Developers reported a 21 per cent increase in sales bookings compared to Rs 6,890 crore last year. The combined sales bookings for both firms reached Rs 22,120 crore during April to September 2024, compared to Rs 14,178 crore in the same period last year.<o:p></o:p>

Looking ahead, both companies are optimistic about meeting their sales targets for the fiscal year. Godrej Properties aims for a target of Rs 27,500 crore in sales bookings, while Macrotech Developers has set a goal of Rs 17,500 crore. <o:p></o:p>

Godrej Properties has established itself as the largest listed real estate firm in terms of sales bookings during the previous fiscal year. In FY24, its sales bookings surged by 84 per cent to reach a record Rs 22,527 crore from Rs 12,232 crore the year before. Similarly, Macrotech Developers experienced a 20 per cent growth in sales bookings to achieve Rs 14,520 crore against Rs 12,060 crore previously.<o:p></o:p>

The housing market's strong performance can be attributed to several factors post-COVID-19. There has been a notable shift towards reputed builders with proven track records. Consumer demand is increasingly directed towards quality projects as buyers seek assurance amid rising property prices.<o:p></o:p>

As the festive season approaches, industry experts anticipate an influx of new launches and continued strong sales momentum. Both Godrej and Macrotech are well-positioned to capitalise on this trend as they navigate through an evolving real estate landscape marked by increasing consumer confidence and economic recovery.<o:p></o:p>

This surge in property sales not only reflects consumer sentiment but also underlines the resilience of the Indian real estate sector amidst challenging circumstances.<o:p></o:p>

<o:p>&nbsp;</o:p>

<o:p>&nbsp;</o:p>

Seen as a remarkable display of growth, two of India's leading real estate firms, Godrej Properties and Macrotech Developers, have reported combined sales exceeding Rs 22,000 crore during the first half of the fiscal year 2024-25.

Seen as a remarkable display of growth, two of India's leading real estate firms, Godrej Properties and Macrotech Developers, have reported combined sales exceeding Rs 22,000 crore during the first half of the fiscal year 2024-25. This figure marks a significant increase of 56 per cent compared to the same period last year, driven largely by a robust demand for premium housing according to a detailed report by The Press Trust of India. The report further elaborated that, Godrej Properties achieved sales worth over Rs 13,800 crore, while Macrotech Developers recorded sales bookings of Rs 8,320 crore. The majority of these transactions involved residential units, highlighting the ongoing consumer preference for home ownership in a recovering economy. Gaurav Pandey, Managing Director and CEO of Godrej Properties, expressed his satisfaction with the company's performance. "We are delighted with the scale-up we have achieved in the past couple of years. The sales bookings of over Rs 13,800 crore in H1 of FY25 surpass our annual bookings in FY23," he stated. This impressive growth can be attributed to an improved project mix and strong volume growth. The operational updates reveal that Godrej Properties' sales booking value has soared by 89 per cent year-on-year, up from Rs 7,288 crore in the previous year. Meanwhile, Macrotech Developers reported a 21 per cent increase in sales bookings compared to Rs 6,890 crore last year. The combined sales bookings for both firms reached Rs 22,120 crore during April to September 2024, compared to Rs 14,178 crore in the same period last year. Looking ahead, both companies are optimistic about meeting their sales targets for the fiscal year. Godrej Properties aims for a target of Rs 27,500 crore in sales bookings, while Macrotech Developers has set a goal of Rs 17,500 crore. Godrej Properties has established itself as the largest listed real estate firm in terms of sales bookings during the previous fiscal year. In FY24, its sales bookings surged by 84 per cent to reach a record Rs 22,527 crore from Rs 12,232 crore the year before. Similarly, Macrotech Developers experienced a 20 per cent growth in sales bookings to achieve Rs 14,520 crore against Rs 12,060 crore previously. The housing market's strong performance can be attributed to several factors post-COVID-19. There has been a notable shift towards reputed builders with proven track records. Consumer demand is increasingly directed towards quality projects as buyers seek assurance amid rising property prices. As the festive season approaches, industry experts anticipate an influx of new launches and continued strong sales momentum. Both Godrej and Macrotech are well-positioned to capitalise on this trend as they navigate through an evolving real estate landscape marked by increasing consumer confidence and economic recovery. This surge in property sales not only reflects consumer sentiment but also underlines the resilience of the Indian real estate sector amidst challenging circumstances.

Godrej and Macrotech developers report record property sales

Raj Kapoor's iconic Chembur bungalow has been acquired by the Godrej Properties. Kapoor,&nbsp;considered one of the greatest showmen of Indian cinema, used to reside in the property until his death in 1988. His widow, the late Krishna Raj Kapoor too stayed here until her death in 2018. The move comes four years after Godrej Properties bought the famed RK Studios.&nbsp;

According to reports, the Raj Kapoor bungalow would now be developed as a premium residential project - on the lines of the high-end mixed-use Godrej RKS, which is likely to be delivered this year.

The RK Studios was taken over by Godrej Properties in May 2019, and the Raj Kapoor bungalow is located on the Deonar Farm Road, adjacent to the Tata Institute of Social Sciences (TISS), in Chembur, a north-eastern Mumbai suburb.

"We are grateful to the Kapoor family for entrusting us with this opportunity and pleased to add this iconic project to our portfolio. This project will allow us to further strengthen our presence in Chembur," said Godrej Properties Ltd. Managing Director &amp; CEO Gaurav Pandey on the latest acquisition.

The company has purchased the landmark properties from the Kapoor clan and legal heirs of Raj Kapoor - the legendary actor, producer and director.

"This residential property in Chembur has been of great emotional and historical significance to our family. We are happy to once again associate with Godrej Properties to take forward this rich legacy for the next phase of development of this location," said Bollywood veteran actor Randhir Kapoor.

Randhir Kapoor is the eldest and sole surviving son of Raj Kapoor - with two younger brothers Rishi Kapoor and Rajiv Kapoor passing away in 2020 and 2021 respectively.

Pandey added that the demand for premium developments has been strong for the past few years and the company would aim to build an outstanding residential community that creates long-term value for its residents and celebrate the legacy of the site.

Raj Kapoor had founded the RK Studios on 2.2 acres in Chembur in 1948 and after buying it over, the Godrej RKS said it would develop 33,000 sq. metres of modern residential apartments of various configurations and a luxury retail experience.

Chembur, once reputed as a `gas chamber`, is now a swank residential location with well-developed infrastructure and connectivity to all parts of Mumbai besides the MMRDA region.

(With agency inputs)

Raj Kapoor's iconic Chembur bungalow has been acquired by the Godrej Properties. Kapoor, considered one of the greatest showmen of Indian cinema, used to reside in the property until his death in 1988.

Raj Kapoor's iconic Chembur bungalow has been acquired by the Godrej Properties. Kapoor, considered one of the greatest showmen of Indian cinema, used to reside in the property until his death in 1988. His widow, the late Krishna Raj Kapoor too stayed here until her death in 2018. The move comes four years after Godrej Properties bought the famed RK Studios. According to reports, the Raj Kapoor bungalow would now be developed as a premium residential project - on the lines of the high-end mixed-use Godrej RKS, which is likely to be delivered this year. The RK Studios was taken over by Godrej Properties in May 2019, and the Raj Kapoor bungalow is located on the Deonar Farm Road, adjacent to the Tata Institute of Social Sciences (TISS), in Chembur, a north-eastern Mumbai suburb. "We are grateful to the Kapoor family for entrusting us with this opportunity and pleased to add this iconic project to our portfolio. This project will allow us to further strengthen our presence in Chembur," said Godrej Properties Ltd. Managing Director & CEO Gaurav Pandey on the latest acquisition. The company has purchased the landmark properties from the Kapoor clan and legal heirs of Raj Kapoor - the legendary actor, producer and director. "This residential property in Chembur has been of great emotional and historical significance to our family. We are happy to once again associate with Godrej Properties to take forward this rich legacy for the next phase of development of this location," said Bollywood veteran actor Randhir Kapoor. Randhir Kapoor is the eldest and sole surviving son of Raj Kapoor - with two younger brothers Rishi Kapoor and Rajiv Kapoor passing away in 2020 and 2021 respectively. Pandey added that the demand for premium developments has been strong for the past few years and the company would aim to build an outstanding residential community that creates long-term value for its residents and celebrate the legacy of the site. Raj Kapoor had founded the RK Studios on 2.2 acres in Chembur in 1948 and after buying it over, the Godrej RKS said it would develop 33,000 sq. metres of modern residential apartments of various configurations and a luxury retail experience. Chembur, once reputed as a `gas chamber`, is now a swank residential location with well-developed infrastructure and connectivity to all parts of Mumbai besides the MMRDA region. (With agency inputs)

After RK Studios, now Raj Kapoor's iconic Chembur bungalow in Mumbai gets sold

Realty firm Godrej Properties Friday announced the acquisition of iconic R K Studios' land in Chembur, Mumbai, where it would develop mixed-use project housing luxury flats and retail space. 
 
Godrej Properties, part of Godrej group, said it has added a new project in Chembur, Mumbai. 
 
"Spread across 2.2 acres, this project will offer approximately 33,000 square meters (about 0.35 million square feet) of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience," the company said in a statement.&nbsp;The company did not disclose the deal value. 
 
Godrej Properties Executive Chairman Pirojsha Godrej said the company has added this iconic site in Chembur to its development portfolio. 
"This fits well with our strategy of deepening our presence in key locations across India's leading cities. We will seek to ensure we celebrate the remarkable legacy of this site with the goal of delivering an outstanding lifestyle for its residents," he added. 
 
Randhir Kapoor of R K Studios said, "This property in Chembur has been of tremendous significance to my family over the many decades that R K Studios has operated from there." 
 
"We...Have chosen Godrej Properties to script a new chapter for this location and build upon its rich history," said Kapoor, the eldest son of late actor Raj Kapoor.

The site is strategically located on the main Sion-Panvel Road and offers an extremely well developed social and civic infrastructure with multiple schools, hospitals, retail malls, residential, and commercial spaces in close proximity, the realty firm said. 
 
Godrej Properties generally ties up with land owners to develop real estate projects, but sometimes it also opts for outright purchase of strategic land parcel, it added.&nbsp;

Realty firm Godrej Properties Friday announced the acquisition of iconic R K Studios' land in Chembur, Mumbai, where it would develop mixed-use project housing luxury flats and retail space.

Realty firm Godrej Properties Friday announced the acquisition of iconic R K Studios' land in Chembur, Mumbai, where it would develop mixed-use project housing luxury flats and retail space. Godrej Properties, part of Godrej group, said it has added a new project in Chembur, Mumbai. "Spread across 2.2 acres, this project will offer approximately 33,000 square meters (about 0.35 million square feet) of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience," the company said in a statement. The company did not disclose the deal value. Godrej Properties Executive Chairman Pirojsha Godrej said the company has added this iconic site in Chembur to its development portfolio. "This fits well with our strategy of deepening our presence in key locations across India's leading cities. We will seek to ensure we celebrate the remarkable legacy of this site with the goal of delivering an outstanding lifestyle for its residents," he added. Randhir Kapoor of R K Studios said, "This property in Chembur has been of tremendous significance to my family over the many decades that R K Studios has operated from there." "We...Have chosen Godrej Properties to script a new chapter for this location and build upon its rich history," said Kapoor, the eldest son of late actor Raj Kapoor. The site is strategically located on the main Sion-Panvel Road and offers an extremely well developed social and civic infrastructure with multiple schools, hospitals, retail malls, residential, and commercial spaces in close proximity, the realty firm said. Godrej Properties generally ties up with land owners to develop real estate projects, but sometimes it also opts for outright purchase of strategic land parcel, it added.

Godrej Properties buys iconic R K Studios land in Mumbai

godrej-properties

Godrej Properties, News on Godrej Properties, stories on Godrej Properties, articles on Godrej Properties, Godrej Properties stories at Wion, Godrej Properties news, Godrej Properties latest news

godrej properties

Godrej and Macrotech developers report record property sales

After RK Studios, now Raj Kapoor's iconic Chembur bungalow in Mumbai gets sold

Godrej Properties buys iconic R K Studios land in Mumbai