Real estate giant Godrej Properties has made a massive sale of Rs 1000 crore in just one day after launching its new luxury residential project in Gurugram. The project, named ‘Godrej Estra,’ is located in the premium Golf Course Road Micro-Market and has attracted homebuyers despite a slowdown in the real estate sector. Around 90 luxury apartments were sold on the very first day, marking a major milestone for the company.
High Demand for Luxury Homes Despite Market Slowdown
The Indian real estate market has seen an overall decline in sales in recent months. According to industry reports, property sales in major cities have dropped by 23% to 28% in the first quarter of the year. However, premium and branded developers like Godrej Properties continue to perform well. The demand for high-end residences remains strong, showing a shift in consumer preferences post-pandemic.
Godrej Properties’ Second Project in This Premium Location
Godrej Estra is the second project by the company in Gurugram’s Prime Golf Course Road Micro-Market. With a land area of 2.76 acres, the project is designed to offer luxury living in one of the most sought-after locations in the city. Gaurav Pandey, Managing Director and CEO of Godrej Properties, expressed confidence in Gurugram’s market, stating that it remains a key focus for future developments.
Other Big Sales by Godrej Properties
This isn’t the first time Godrej Properties has achieved record-breaking sales. The company recently sold over Rs 1000 crore worth of homes in Hyderabad in its first residential project there. The project, ‘Godrej Madison Avenue’ in Kokapet, saw over 300 units sold within weeks of its launch.
Similarly, in Pune, the company’s latest project ‘Godrej Evergreen Square’ in Hinjwadi also witnessed sales crossing Rs 1000 crore. This trend indicates a growing demand for high-end residential properties across major Indian cities.
Post-Covid Shift in Housing Demand
The real estate market has seen a major shift in buyer preferences after the COVID-19 pandemic. Consumers now look for spacious homes with premium amenities, leading to increased interest in luxury residential projects. Branded developers with a strong reputation are benefiting from this trend, as homebuyers prioritize quality and reliability over lower prices.
What Makes Godrej Properties Stand Out?
Godrej Properties is known for its premium offerings, modern architecture, and top-class amenities. Their focus on prime locations and high-quality construction has helped them build a strong reputation among homebuyers. Despite the overall market slowdown, the company continues to attract customers looking for exclusive and well-designed living spaces.
Future Growth Prospects
With the success of recent projects, Godrej Properties is expected to expand further in key cities. The strong demand for premium homes suggests that the luxury housing market will continue to thrive. As the company strengthens its presence in major urban areas, it is likely to launch more high-value projects in the near future.
Stay updated with the latest real estate trends and developments as the housing market evolves with changing consumer demands.
