Godrej Properties (GPL) on Friday said it has sold over 800 apartments worth Rs 2,690 crore in its project named Godrej Reserve located in the Kandivali suburb of Mumbai.
The project has a development potential of about 3.72 million sq ft, with estimated revenue of about Rs 7,000 crore.
Out of the total development potential, 1.5 million sq ft area has already been sold.
The project was launched within fifteen months of land acquisition, marking GPL’s most successful launch in Mumbai in terms of value and volume of sales achieved, the company said.
This is one of GPL’s largest residential developments and significantly enhances its presence in the western suburbs of Mumbai, it said.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “This has now become the best-ever launch in Mumbai residential real estate. We will do our best to ensure Godrej Reserve offers its residents an outstanding living experience.”
