Godrej Properties Ltd shares shot up 5% and hit a 52-week high of Rs 3,339.95 on 2 July after the company sold over 2,000 homes worth over Rs 3,150 crore during the launch of its project, Godrej Woodscapes, in Bengaluru, Karnataka. 

At its Whitefield-Budigere Cross property in Bengaluru, Godrej Properties sold over 3.4 million square feet of the project area, making it their most successful quarter launch in terms of value and volume. This accomplishment is the sixth project across four cities in the past year to achieve inventory sales exceeding Rs 2,000 crore at launch.

The success of Godrej Woodscapes led to a more than 500% quarter-on-quarter sales increase for Godrej Properties in Bengaluru, surpassing their full-year FY24 sales in South India within the first quarter.

Previously, Godrej Properties achieved significant sales figures with various projects. For example, Godrej Jardinia in Sector 146 Noida surpassed Rs 2,000 crore in sales during Q1 FY25.

The company another project, Godrej Zenith, which is located in Sector 89, Gurgaon recorded sales totaling to Rs 3,008 crore during the quarter ending 31 March FY24, whereas its Godrej Reserve in Kandivali, Mumbai Metropolitan Region reported a sales of over Rs 2,693 crore during the same time. 

The company has a strong pipeline of new project launches in Bengaluru. These planned launches, along with the strategic market entry into Hyderabad, will further strengthen the company’s presence in South India. 

At 3:30 pm, the shares of Godrej Properties closed 4.34% higher at Rs 3,299 on NSE.