Godrej Properties Sells 670 Homes Worth Rs.2000 Crore Through New Project Godrej Tropical Isle in Noida

Godrej Properties has announced the sale of 670 homes worth over Rs.2000 crore in its upcoming residential project, Godrej Tropical Isle, in Sector 146, Noida.

This is Godrej Properties” most successful ever launch in terms of the value and volume of sales achieved. The project was launched in August 2023, within nine months of the purchase of land through an e-auction conducted by Noida Authority in November 2022.

Godrej Tropical Isle is a notable upcoming project with close proximity to commercial infrastructure like Noida SEZ, entertainment hubs, Film City, and three major expressways – Noida-Greater Noida Expressway, Yamuna Expressway, and the upcoming FNG Expressway. Residents will also have easy access to Indira Gandhi International Airport and the upcoming Jewar Airport.

Godrej Properties MD&CEO Gaurv Pandy has expressed his delight at the early response to the project. He said, “We would like to take this opportunity to sincerely thank our customers who have reposed their faith in Godrej Properties. We will do our best to ensure that Godrej Tropical Isle offers its residents an outstanding living experience. Noida is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in the years ahead.”

Godrej Properties is focused on sustainable development and has pledged to undertake only third-party certified green building. The company has topped the Global Real Estate Sustainability Benchmark in 2020, 2021, and 2022. In 2017, GPL undertook the Sustainable Housing Leadership Consortium (SHLC) as one of the founding partners.

Godrej Properties” stock has lowered to 0.38% to trade at Rs. 287.00. Stock analysts hold a “strong buy” rating in the stock with a target price of Rs.340. 17 analysts have “buy” ratings, while one recommends a hold rating and one a sell rating.