New Delhi, Oct 5 (UNI) Godrej Properties on Saturday said that its booking value grew 3% year-on-year to Rs 5,200 crore in July-September quarter (Q2) of the current financial year 2024-25 from sale of over 5.1 million square feet.

"This is the highest ever Q2 booking value achieved by Godrej Properties," the company said in a media release.

In the first half (H1) of the fiscal, the company's booking value grew over 89% year-on-year to over Rs 13,800 crore through the sale of over 8,600 homes with a total area of over 14 million square feet.

"This is the highest ever H1 booking value achieved by Godrej Properties," it said.

The property major said that its sales in Q2 FY25 were driven by strong demand in some key new project launches including Godrej Vrikshya in NCR, which delivered a booking value of nearly Rs 1,500 crore and Godrej Woodside Estate in MMR (Mumbai Metropolitan Region).

"Q2 FY25 collections stood at over Rs 4,000 crore representing a YoY growth of 68% and H1 FY25 collections stood at over Rs 7,000 crore representing a YoY growth of 62%. This is the highest Q2 and H1 collections achieved by Godrej properties respectively," the company said.

Starting the year on a strong note, Godrej Properties added 8 new projects in year-to-date FY25 with a total estimated saleable area of approximately 11 million square feet and total estimated booking value potential of Rs 12,650 crore. This included 6 new projects with an expected booking value of Rs 9,650 crore in Q2.

"Our business development additions of Rs 12,650 crores in H1FY25 will ensure that we continue to have a strong launch pipeline not just for the current year but for years to come. This includes a number of projects at the prestigious Golf Course Road in Gurugram. We have also entered the market of Indore recently and are looking forward to our first launch in this city.

We have built a deep understanding across the key real estate markets in India and are greatly excited by the potential the next several years offer for us to deliver sustained high-quality performance across all key operating metrics," said Gaurav Pandey, MD & CEO, Godrej Properties.

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