Godrej Properties sells around 670 flats worth Rs 2,000 crore in Noida

According to the company, the launch of Godrej Tropical Isle has been the most successful project in terms of both sales volume and value.

Real estate developer Godrej Properties has sold over 670 flats valued at more than Rs. 2000 crore in its new housing project located in Noida's Sector 146.

According to the company, the launch of Godrej Tropical Isle has been the most successful project in terms of both sales volume and value. The project was launched in August 2023, only nine months after the company won the land through an e-auction conducted by the Noida Authority in November 2022.

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Sector 146 in Noida is a well-liked residential area because of its strategic location close to crucial social and commercial infrastructure, such as the Noida Special Economic Zone (SEZ), entertainment hubs, and Film City. Moreover, it has good connectivity to both Indira Gandhi International Airport and the upcoming Jewar Airport, which makes it a perfect location for those who frequently travel.

Gaurav Pandey, the Managing Director and CEO of Godrej Properties, emphasised the strategic importance of the Noida market for the company and said, "Noida is an extremely important market for Godrej Properties and we will look to further strengthen our presence in the years ahead.”

The listed real estate developer Godrej Properties, on September 24, bought about 15 acres of land in Sector 103 of Gurugram for an agreement value of Rs 403 crore from Microtek Infratech.

In December 2022, Godrej acquired a nine-acre land parcel in Gurugram for a premium residential project. Moreover, Godrej Properties is currently developing luxury homes at Golf Course Road in Gurugram, with a revenue potential of Rs 3,100 crore.