Shares of Godrej Properties Ltd surged more than 4% on Wednesday, 2 April, after the company announced that they have sold over 275 homes worth over Rs 2,000 crore at the launch of its premium project, Godrej Riverine, in Sector 44, Noida.
In its regulatory filing, the company said, “Godrej Properties Ltd, one of India’s leading real estate developers, today announced that it has sold over 275 homes worth over Rs 2,000 crore at the launch of its luxury project, Godrej Riverine, located in Sector 44, Noida.”
In March 2025, Godrej Riverine was introduced in Sector 44, one of Noida’s major micro markets. The project, which spans 6.46 acres, consists of upscale residential flats in various layouts. Godrej Properties is launching Godrej Riverine in Noida for the third time in a row.
Godrej Properties sold more than Rs 2,000 crore worth of inventory in Godrej Tropical Isle and Godrej Jardinia, both located in Sector 146, Noida, in Q1FY25 and Q2FY24.
“We are delighted with the overwhelming response to our luxury project, Godrej Riverine in Noida. We extend our sincere gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We remain committed to delivering an exceptional living experience at this development. Noida is a key market for us, and we look forward to further strengthening our presence in the region in the years ahead,” said Gaurav Pandey, MD & CEO of Godrej Properties.
The statement claims that based on the volume of residential sales it generated in FY2024, Godrej Properties emerged as the largest developer in India. Godrej Properties has put a lot of emphasis on sustainable development.
At 1:35 pm, the shares of Godrej properties were trading 4.72% higher at Rs 2,138 on NSE.
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