Shares of Godrej Properties Ltd (GPL) rallied 7% and hit a 52-week high of Rs 2,692 on 8 April after the real estate major announced selling homes worth over Rs 3,000 crore in Gurugram. 

In its regulatory filing, the company said that they have sold 1,050 homes worth Rs 3,000 crore  in its project, Godrej Zenith, located in Sector 89, Gurugram with over 2 million square feet of area in the project, making this its most successful ever launch by both value and volume of sales 

Godrej Zenith is the company’s largest residential development in Gurugram. The company added, “These planned launches will significantly strengthen GPL’s presence in the city.” 

GPL recorded a 473% year-on-year increase in sales in Gurugram in the fiscal year 2024 and has a robust launch pipeline for the current fiscal year, including new projects in Sectors 53,54, and 103.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are delighted with the response to our project, Godrej Zenith. We’d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties.”

The company has also sold inventory worth Rs 2,690 crore in Godrej Reserve in Kandivali, Mumbai during Q4FY24, inventory worth Rs 2,875 crore in Godrej Aristocrat, and sales worth over Rs 2,000 crore in Godrej Tropical Isle in Noida. 

At 2:10 pm, the shares of Godrej Properties were trading 4.93% higher at Rs 2,623.70 on NSE.