NEW DELHI: India's two big realty firms Godrej Properties and Macrotech Developers have sold properties worth over Rs 22,000 crore during April-September, up 56 per cent annually, on strong demand for premium homes . Godrej Properties sells its real estate projects under the Godrej brand, while Macrotech Developers markets its properties under the 'Lodha' brand. During the first six months of the current fiscal year, Godrej Properties sold properties worth over Rs 13,800 crore, and Macrotech Developers' sales bookings stood at Rs 8,320 crore.
The bulk of these sales were of housing units. The combined sales bookings of both Mumbai-based realty firms stood at Rs 22,120 crore during April-September 2024 against Rs 14,178 crore sales registered by the two companies in the year-ago period. According to the latest operational update, Godrej Properties' sales booking value grew 89 per cent year-on-year to over Rs 13,800 crore during April-September this year compared to Rs 7,288 crore in the year-ago period.
Macrotech Developers reported a 21 per cent annual growth in its sales bookings to Rs 8,320 crore in the first half of this fiscal from Rs 6,890 crore in the year-ago period. Godrej Properties has achieved the highest-ever H1 sales booking value. Both Godrej Properties and Macrotech Developers have expressed confidence in achieving their sales bookings targets for the 2024-25 financial year.
While Godrej Properties has set a target of Rs 27,500 crore worth of sales bookings for.
