Shares of Godrej Properties Ltd were trading in the green and 1% higher on 28 March after the company announced that it had sold almost 90 homes costing more than Rs 1,000 crore on the first day of its upscale project, “Godrej Astra,” in Gurugram.
According to an exchange filing, “Godrej Astra” is located in the Golf Course Road micro-market and takes up about 2.76 acres of property.
The filing added, “With its well-planned infrastructure and proximity to prominent landmarks, the location offers residents a premium lifestyle and convenient connectivity. This is GPL’s second launch in the prime Golf Course Road micro-market.” The company already has a big office building nearby.
According to the company’s website, 3BHK homes in the upmarket building start at Rs 11 crore.
Speaking about the launch, Godrej Properties MD & CEO Gaurav Pandey said, “We are delighted with the response to our luxury project, Godrej Astra. We’d like to take this opportunity to extend our gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure an exceptional living experience for the residents of Godrej Astra. Gurugram is an extremely important market for Godrej Properties and we look forward to further strengthening our presence there in the coming years.”
Notably, the upscale residential real estate on Gurugram’s Golf Course Road is well-known. When the most expensive real estate transaction in India was finalized in the area earlier in 2024, it garnered national attention. Rishi Parti, the CEO and founder of Gurugram-based Info-X Software Technology, paid an incredible Rs 190 crore for an ultra-luxurious penthouse in The Camellias by DLF on the Golf Course Road.
At 11:24 am, the shares of Godrej Properties were trading % higher at Rs 2,133.90 on NSE.
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