Godrej Properties records historic sales with Godrej Reserve project in Mumbai
Godrej Properties Ltd. (GPL), a leading name in India’s real estate sector, has set a new benchmark with its recent project, Godrej Reserve, situated in Kandivali, Mumbai. Reporting an unprecedented sales record, the company has successfully sold inventory worth approximately INR 2,690 crores. This milestone makes Godrej Reserve the most successful launch in GPL’s history in Mumbai, both in terms of sales value and volume, achieved within just fifteen months of land acquisition.
Godrej Reserve spans a developable area of around 3.72 million square feet, with the projected revenue poised to reach INR 7,000 crores. The project stands as one of GPL’s most ambitious residential ventures to date, significantly bolstering its footprint in Mumbai’s western suburbs. Despite this impressive launch, Godrej Reserve still has considerable unlaunched inventory, with plans for future sales anticipated to further capitalize on this success.
Kandivali, the project’s location, is renowned for its well-established residential ambiance, enriched with extensive social and civic infrastructure. The locality offers seamless access to education, healthcare, retail, and entertainment facilities. Enhancements in connectivity, including the introduction of a new metro line linking Kandivali with Dahisar and Andheri, have notably improved commuting times, making the area even more attractive for potential residents.
Gaurav Pandey, the Managing Director and CEO of Godrej Properties, expressed his gratitude towards the overwhelming response to Godrej Reserve, acknowledging it as the most remarkable launch in the Mumbai residential market to date. “We are delighted with the response to our project, Godrej Reserve. This has now become the best-ever launch in Mumbai residential real estate. We’d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure Godrej Reserve offers its residents an outstanding living experience,” said Mr. Pandey.
Godrej Properties Ltd.’s monumental sales achievement with the Godrej Reserve project underscores the robust demand for quality residential spaces in strategic locations like Kandivali, Mumbai. This success story not only highlights the company’s adeptness in identifying and developing prime real estate but also sets a new standard for residential projects in the city. The emphasis on connectivity and the development of social infrastructure around the project further enhance its appeal, promising a significant impact on Mumbai’s real estate landscape in the years to come.