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Last Updated : Apr 02, 2019 11:51 AM IST | Source: Moneycontrol.com

Godrej Properties rallies over 8% on record home sales in Q4

In a statement, the Mumbai-based developer said "it has achieved its highest ever bookings numbers in Q4 FY19."

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Godrej Properties (Image Courtesy: Godrej Properties)
Godrej Properties (Image Courtesy: Godrej Properties)
 
 
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Godrej Properties rallied over 8 percent on Tuesday after the realty firm said that it sold 2,900 flats for over Rs 2,100 crore during the fourth quarter of last fiscal.

In a statement, the Mumbai-based developer said "it has achieved its highest ever bookings in terms of numbers in Q4 FY19."

The stock was trading 8.5 percent higher on the BSE at Rs 883 in morning trade.

"The company sold over 2,900 homes with a total area of approximately 3.75 million sq ft and a booking value in excess of Rs 2,100 crore during the quarter," the statement said.

The January-March quarter of 2018-19 was Godrej Properties' best ever quarter for bookings, eclipsing October-December quarter, which was its previous best ever residential sales quarter, by about 50 percent, it said.

This record performance was achieved through the launch of four new projects combined with very strong sales from existing inventory, it said.
First Published on Apr 2, 2019 11:51 am
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