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Aim to book sales of over Rs 10,000 cr in current fiscal: Godrej Properties

New Delhi, May 5 (PTI) Realty major Godrej Properties is set to launch several projects in major cities. The company is targeting at least 27 per cent growth in sales bookings in the current financial year to cross the Rs 10,000 crore mark.

Godrej Properties Executive Chairman Pirojsha Godrej said in an interview to ‘PTI-Bhasha’ that the company’s performance in the fourth quarter as well as FY 2021-22 has been excellent and has received record sales bookings and collections from customers. The company aims to outperform in both operational and financial parameters.

Godrej Properties’ sales bookings grew 17 per cent to Rs 7,861 crore in the last fiscal, of which Rs 7,781 crore came from residential properties. The company sold a total of 9,121 houses spread over an area of ​​10.8 million sq ft in 2021-22.

Pirojsha Godrej expects it to be a great year in terms of sales bookings, collection of funds from clients and completion of projects. On booking sales in the current financial year, he said, “There should definitely be a good growth as compared to last year’s level. Our target will be to cross Rs 10,000 crore mark.

Godrej expressed hope that the next few years are going to be very good for the region. He said the company is adding more projects to its portfolio.

He said the company supplied around 65 lakh sq ft in the last financial year and aims to create 10 million sq ft area.

The company said that despite the severe impact of the second wave of corona virus, the company received bookings of Rs 7,861 crore in 2021-22 and despite the volatility in the industry, this is the fifth year in a row when the company’s annual sales have been at a record level.

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