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Godrej Properties today announced that it sold villas worth more than Rs 300 crore on the first day of the launch of a 100-acre township in Greater Noida, defying the current slowdown in the NCR property market.
Godrej Properties is the Godrej Group’s real estate division. This is the firm’s first project in the Noida-Greater Noida area. The ‘Godrej Golf Links’ township is being developed in collaboration with ACE Group, a local developer in the NCR.
“It has sold over 60,000 square metres (6 lakh square feet) of villas with a booking value well in excess of 300 crores in a single day at the launch of its first project, Crest, at its 100-acre township Godrej Golf Links,” the company said in a statement.
“We see Noida as a critical growth opportunity for our company and anticipate many more successful launches in the city,” Godrej Properties MD & CEO Pirojsha Godrej said.
“We will do everything possible to ensure that we deliver an outstanding and innovative project to our Godrej Golf Links customers,” he added.
According to Godrej Properties, this is one of the country’s most successful launches, and it comes at a time when the NCR market is slowing.
Crest, the township’s first project, was launched just before Diwali and features villas of various sizes and configurations.
Godrej Properties is currently building residential, commercial, and township projects in 12 cities totalling approximately 11.98 million square metres (129 million square feet).