The lockdown will reflect in lower demand for homes and pre-sales from the June quarter onwards
The benefits of Godrej Properties Ltd’s (GPL’s asset-light strategy were visible in its March quarter results. Notwithstanding a slowdown in home sales due to covid-19, the firm’s pre-sales (bookings) of housing units rose 10% year-on-year for the quarter. A large portion of this accrued from seven projects launched across major cities.
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