The company’s booking value grew 64% on-year to Rs 8,505 crore during the quarter aided by the sale of 4,522 homes with a total area of 7.14 million sq ft.
The developer has achieved 48% of its annual guidance for booking value and remains on track to beat its guidance of INR 32,500 crores for the financial year, the company said in a release.
Sales during the quarter were led by key projects in Hyderabad, Bengaluru, Gurugram, Mumbai, and Indore. The company launched 12 new projects and phases across eight cities during the quarter with a total sales potential of Rs 10,100 crore.
“The equity capital of Rs 6,000 crore we raised through a QIP last year combined with the operating cash flow we are generating will enable us to continue to invest for growth,” said Pirojsha Godrej, Executive Chairperson, Godrej Properties.
The quarter marked the third consecutive period in which the company recorded booking value above Rs 7,000 crore and the ninth straight quarter above Rs 5,000 crore, the release added.The developer also added four new projects with an estimated saleable area of 5.82 million sq ft and expected booking value of Rs 4,850 crore. It has delivered projects aggregating 2.2 million sq ft across two cities during the quarter.