New Delhi, March 28 – Real estate firm Godrej Properties Limited has sold luxury apartments worth over Rs 1,000 crore on the very first day of launching its new residential project in Gurugram, defying the slowdown in housing demand.
According to a regulatory filing submitted by the company to the stock exchanges on Friday, approximately 90 apartments were sold on the launch day of its new project, 'Godrej Astra', located on the prominent Golf Course Road. The project spans an area of 2.76 acres and falls under the premium segment.
As per agency report, the strong response to the project highlights the continued demand for high-end residential units in Gurugram, one of the most sought-after real estate markets in North India.
Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, emphasized the strategic importance of Gurugram to the company’s long-term growth. He stated that the company plans to further expand its presence in the region in the coming years.
Godrej Properties is among the country’s leading real estate developers, with a diversified portfolio and presence in several key urban markets across India.
