[Press Release] Godrej Properties achieves booking value of INR 2,000 crore through the launch of its project Godrej Tropical Isle in Noida

The Mumbai based real estate developer sold ~ 670 homes with an area of ~1.5 million square feet.

Mumbai, September 25, 2023: Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced that it has sold ~ 670 homes worth over INR 2,000 crore in its project, Godrej Tropical Isle, located in Sector 146, Noida. This is Godrej Properties’ most successful ever launch in terms of the value and volume of sales achieved. The project was launched in August 2023 within nine months of the purchase of land through an e-auction conducted by Noida Authority in November 2022.

Sector 146 is a prominent upcoming residential corridor in Noida. It provides access to high-quality social infrastructure and is in close proximity to commercial infrastructure like – Noida SEZ, entertainment hubs, Film City, etc. The area provides good connectivity to Indira Gandhi International Airport and the upcoming Jewar Airport, as well as to the metro station and the three major expressways – Noida- Greater Noida Expressway, Yamuna Expressway, and the upcoming FNG Expressway.

Mr. Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are delighted with the response to our project, Godrej Tropical Isle. We’d like to take this opportunity to sincerely thank our customers who have reposed their faith in Godrej Properties. We will do our best to ensure that Godrej Tropical Isle offers its residents an outstanding living experience. Noida is an extremely important market for Godrej Properties and we will look to further strengthen our presence in the years ahead.”

About Godrej Properties Limited:
About Godrej Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 126-year legacy of excellence and trust with a commitment to cutting-edge design, technology, and sustainability. In FY 2021, Godrej Properties emerged as the largest developer in India by the value and volume of residential sales achieved.

Godrej Properties has deeply focused on sustainable development. In 2010, GPL committed that all of its developments would be third-party certified green buildings. In 2020 and again in 2021 and 2022, the Global Real Estate Sustainability Benchmark ranked GPL #1 globally amongst listed residential developers for its sustainability and governance practices. In 2017, GPL was one of the founding partners of the Sustainable Housing Leadership Consortium (SHLC), whose mission is to spread sustainable development practices across the Indian real estate sector. In recent years, Godrej Properties has received over 400 awards and recognitions, including the Porter Prize 2019, The Most Trusted Real Estate Brand in the 2019 Brand Trust Report, Builder of the Year at the CNBC-Awaaz Real Estate Awards 2019, and The Economic Times Best Real Estate Brand 2018.

For further information, please contact:
Anurag David
Corporate Communications
Godrej Industries Limited
Email: anurag.david@godrejinds.com, Mobile: +91 93225 01136

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