Godrej Properties Reports Over ₹20 Billion in Sales from Kandivali Residential Project

Mumbai-based real estate developer Godrej Properties Ltd. (GPL) has announced a major achievement, selling housing inventory worth ₹2,690 crore (over ₹20 billion) in its latest residential project, Godrej Reserve, situated in Kandivali, Mumbai. The project, launched within 15 months of land acquisition, has already seen strong demand, with over 800 homes sold covering approximately 1.5 million sq. ft.

This milestone underscores the company’s growing dominance in Mumbai’s western suburbs and reflects robust consumer confidence in branded residential developments. The project is expected to generate revenues of nearly ₹7,000 crore upon completion, further strengthening GPL’s financial performance and market presence.

Key Highlights:

• Sales Achievement: Over ₹20 billion (₹2,690 crore) worth of homes sold.
• Units Sold: More than 800 apartments in Kandivali project.
• Project Scale: 1.5 million sq. ft. sold; total potential ~3.72 million sq. ft.
• Revenue Outlook: Estimated ₹7,000 crore from full project development.
• Market Impact: Enhances GPL’s footprint in Mumbai’s western suburbs.

Godrej Properties’ success reflects the rising demand for premium housing in Mumbai and highlights the company’s ability to deliver large-scale projects that resonate with buyers.

Sources: Hindustan Times; ET Now; Financial Express