BackGodrej Properties sells 300 apartments in a week
The apartments have been sold at over Rs700 crore, Godrej Properties said
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Bengaluru: Godrej Properties Ltd on Monday said it has sold 300 apartments within a week at its flagship project, The Trees, in suburban Mumbai’s Vikhroli. The apartments have been sold at over ₹ 700 crore, the Mumbai-based developer said.
The Trees is a 34-acre mixed-use development project, which has a commercial precinct spread across 9.4 acres that houses Godrej One, the Godrej Group’s headquarters.
The first phase of the premium residential component of the project, which was launched in the last week of November, has 374 apartments, of which Godrej said it sold more than 80% in the first week of opening it for sales.
The apartments are of various sizes and configurations with a saleable area of approximately 500,000 sq. ft and has private parks and a clubhouse.
“We are thrilled with the customer response to the launch of The Trees in Vikhroli. We will do everything possible to ensure we deliver our customers an outstanding and innovative project," said Pirojsha Godrej, managing director and CEO, Godrej Properties.
In May, the realty firm said it has sold 200 apartments in about three weeks after the launch of Godrej Icon, a residential project in Gurgaon.
At 10.51am, Godrej Properties was trading at ₹ 340 on BSE, up 1.6% from its previous close, while India’s benchmark Sensex index fell 0.09% to 25,614.78 points.
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