With the Nifty Realty Index up 23% in 2024, most listed realty companies are trading above the value of their existing pipelines and any disappointment in pre-sales and launch trends could upset the apple cart.
Godrej Properties, the real estate arm of the Godrej Group, achieved a remarkable 135% year-on-year sales growth, totaling Rs 9,500 crore for the quarter ending March. Annual sales for the financial year 2023-24 surged by 84% to Rs 22,500 crore, marking the company s best-ever quarterly and annual sales. Key projects like Godrej Zenith and Godrej Reserve contributed significantly to this success.