{"id":148620,"date":"2024-10-06T16:55:02","date_gmt":"2024-10-06T16:55:02","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/06\/godrej-properties-macrotech-developers-sell-properties-worth-over-rs-22000-crore-in-april-september-times-of-india\/"},"modified":"2024-10-06T16:55:02","modified_gmt":"2024-10-06T16:55:02","slug":"godrej-properties-macrotech-developers-sell-properties-worth-over-rs-22000-crore-in-april-september-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/06\/godrej-properties-macrotech-developers-sell-properties-worth-over-rs-22000-crore-in-april-september-times-of-india\/","title":{"rendered":"Godrej Properties, Macrotech Developers sell properties worth over Rs 22,000 crore in April-September &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/thumb\/msid-113989897,imgsize-42080,width-400,resizemode-4\/113989897.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Godrej Properties, Macrotech Developers sell properties worth over Rs 22,000 crore in April-September &#8211; Times of India\" title=\"Godrej Properties, Macrotech Developers sell properties worth over Rs 22,000 crore in April-September &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>NEW DELHI: India&#8217;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 &#8216;Lodha&#8217; brand. <br \/>During the first six months of the current fiscal year, Godrej Properties sold properties worth over Rs 13,800 crore, and Macrotech Developers&#8217; sales bookings stood at Rs 8,320 crore. The bulk of these sales were of housing units. <br \/>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. <br \/>According to the latest operational update, Godrej Properties&#8217; 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. <br \/>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. <br \/>Godrej Properties has achieved the highest-ever H1 sales booking value. <br \/>Both Godrej Properties and Macrotech Developers have expressed confidence in achieving their sales bookings targets for the 2024-25 financial year. <br \/>While Godrej Properties has set a target of Rs 27,500 crore worth of sales bookings for the full fiscal, Macrotech Developers has given a sales guidance of Rs 17,500 crore. <br \/>Godrej Properties became the largest listed real estate firm in terms of sale bookings during the 2023-24 fiscal. <br \/>In the last fiscal, Godrej Properties sales bookings jumped 84 per cent to a record Rs 22,527 crore from Rs 12,232 crore in the preceding year. <br \/>Macrotech Developers had registered a 20 per cent growth in sales bookings to a record Rs 14,520 crore against Rs 12,060 crore a year ago. <br \/>Having achieved 21 per cent annual pre-sales growth in the first half and with the festive season commencing, Macrotech Developers said the company is on target to meet its full-year guidance of 20 per cent pre-sales growth. <br \/>Godrej Properties MD and CEO Gaurav Pandey said, &#8220;We are delighted with the scale-up we have achieved in the past couple of years. The sales bookings of over Rs 13,800 crore in H1 of FY25 surpasses our annual bookings in FY23&#8221;. <br \/>Pandey said this sales growth was on the back of an improving project mix and strong volume growth. <br \/>Godrej Properties is one of the leading real estate developers in the country, with a strong presence in Delhi-NCR, Mumbai Metropolitan Region, Pune and Bengaluru. It has entered the Hyderabad market recently. <br \/>Macrotech Developers, erstwhile Lodha Developers, has a presence in Mumbai Metropolitan Region (MMR), Pune and Bengaluru. <br \/>The housing market has been performing exceedingly well post-COVID pandemic, driven by pent-up demand, rising appetite for home ownership and a growth in the Indian economy. <br \/>Strong demand for residential properties, especially luxury homes, has led to a sharp appreciation in capital values. <br \/>Despite the rise in prices, the sales momentum continues to be robust. <br \/>Post-pandemic, consumer demand has been shifting towards reputed builders with a better track record of executing projects. <br \/>Almost all listed real estate players have been reporting strong sales. <br \/>During the current festive quarter, industry experts are expecting a flurry of launches and strong sales.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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Godrej Properties sells its real estate projects under the Godrej brand, while Macrotech Developers markets its properties under the &#8216;Lodha&#8217; brand. During [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":148621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-113989897,imgsize-42080,width-400,resizemode-4\/113989897.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[117784,1955,15571,26886,26880,273,117783,117782,117781,26887,117780,6913,3556,272,1842],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/148620"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=148620"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/148620\/revisions"}],"predecessor-version":[{"id":148622,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/148620\/revisions\/148622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/148621"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=148620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=148620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=148620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}