Godrej Splendour is a futuristic pre-launch luxury apartment by Godrej Properties in Whitefield, Bangalore. Splendour provides spacious 1, 2 and 3 BHK flats sprawled across vast acres of land area.
Whitefield is a neighbourhood in East Bangalore with technology parks and apartment complexes. Due to its proximity to work and shopping malls nearby, there is a huge demand in this area. The locale comprises the significant IT network of the city, hiring lakhs of employees.
Godrej Properties is a notable name in the realty market with some pioneer creations and landmark developments. The company always thrives on dreaming homes and stylishly designed homes joined with the latest innovations and highlights.
RERA approval is still awaiting the apartment launch. For an upcoming project in Bangalore, Godrej Splendour, the launch date will be mid-2022. This pre-launch by Godrej Properties in Whitefield is necessary to meet the housing demand in this area.
|Land Area||Updated Soon|
|Bedrooms||1, 2, 3 BHK|
|Possession||3 Years from Launch|
This Project is a new-launch apartment project coming up in the pristine environs of Whitefield, East Bangalore. The Project has lounged across vast acres of landscape providing premium 1 BHK, 2 BHK, and 3 BHK abodes.
Godrej Splendour East Bangalore is an elegant residential project and the most exemplary representative of the current structural plan joined with standard angles. It is a unique landmark currently open for pre-launch appointments at attractive costs.
This apartment project best defines the current building layout joined with conventional standpoints. The development is in Whitefield, which comprises significant city IT hubs with multiple tech parks. The residential demands in this vicinity are always high due to its proximity to the workstation.
Godrej Splendour offers state of the art amenities like a Swimming Pool, Children’s Play Area, Tennis Court, Yoga & Meditation Hall, Jogging Path, AV Room, Spa, Open Gym, etc. The model flats will be open soon for the consumers to experience the joy of their living space. The Maintainenece costs are to be paid by the residents and will be altogether under the supervision of Godrej Properties authority.
Godrej Splendour is awaiting RERA clearance, and once the RERA number gets developed, it will broadcast its launch. It is a new launch venture whose completion date is within a few years from its launch date. The possession date is soon after completion, and residents need not wait longer to experience the best investment of their lifetime.
Apartments are the most recognised investment options in a cosmopolitan city like Bangalore, where many immigrants migrate to stay in the city. These closed communities offer inmates living extravagances with premium facilities and plentiful amenities that are best in class. There are some outstanding benefits to home buyers when they choose a new launch property like Godrej Splendour Whitefield:
Godrej Eternity: Godrej Eternity is a brand new forthcoming private housing project in Kanakapura Road, Bangalore. Godrej Eternity includes the supreme best in Godrej Properties luxury section. The project offers roomy Apartments with water conservative features. Delightful quiet view from the project and scenes all around Godrej Eternity makes it more extraordinary and Elite. The builder is ensured to carry a quality living encounter to the local area of Kanakapura Road, South Bangalore with splendid design and water conservative features in Godrej Eternity. The venture is spread over an all out area of 19.1 sections of land of land. Godrej Eternity has a sum of 16 towers. The development is of 3 floors. A convenience of 889 units has been given. Godrej Eternity Location has fantastic availability and it is situated at the core of Kanakapura Road. Conveniences at Godrej Eternity incorporate a completely prepared clubhouse, wellbeing focuses, and gym, pool, and entertainment rooms, open air sports courts, youngsters' play region, party hall, and substantially more. The inhabitants of Godrej Eternity are special enough as they will partake in various best in class conveniences inside a similar turn of events. Thus, it will assist the occupants with appreciating and relaxing with their friends and family consistently without wasting the time.
Godrej Aqua: Godrej Aqua is situated in Hosahalli which is close to the tip of Bangalore with both the rural district and the river bank. A property to be water gotten home is so significant due to the water contamination and water shortage nowadays. It is spread in excess of 7 sections of land of land with 540 units in the property. With 9 squares containing 4 apartments in each square, it is planned with 2 Basement and Ground Floor. The designs of the property are with 2 BHK Comfort and 2 BHK Large, 3 BHK Smart, 3 BHK Comfort and 3 BHK Large. Godrej Aqua is with four standards for successful water and its discussion inside the property for the prosperity of inhabitants. The large rooms with the uniformly separated and openings to fix the electronic appliances and the apt colours with the ideal interior design features the amiability as well as the extravagance which is inside the affordable reach of any class of people. With conveniences like the yoga deck, running track, kids play region, pool, tennis court, club house facilitates the existence of the inhabitants inside the property.
Godrej Avenues: Godrej Avenues is a private residential project by the Godrej Properties which will take your way of life to new highs. Godrej Avenues is the genuine pinnacle of luxury, offering extraordinarily planned, rich spaces that guarantee protection. Godrej Avenues is a flawless range of 1/2/2.5/3 BHK homes, estates and plots. Godrej Avenues Bangalore puts you nearer to significant focal points and access like the outer ring road which will connect the East and West Bangalore, renowned schools and emergency health centres. Godrej Avenues is handily associated with metro stops and Manyata Tech Park which is its extension and eminent schools, universities, medical clinics, shopping centers, markets, banks, cafe and business center points and so on. The area of the project creates it a brilliant opportunity for investing in Yelahanka which is viewed as one of the superior residential destination with all around well planned infrastructure. Notwithstanding, in addition to the area will intrigue, the homes at this project are a visual and experiential treat that will turn into your unrivalled delight.
Whitefield has noticed remarkable growth in the last few decades. The high quality of life and investment opportunities have not gone unrecognised. Whitefield has been enticing investments from not only major commercial players but also from individual investors. Supported by the great employment opportunities, Whitefield is one of the hot zones of Bangalore’s residential real estate sector.
The IT boom that triggered Whitefield’s development is responsible for the thousands of jobs created in this micro-market. The swelling job opportunities have led thousands of young professionals to migrate to this locality. Hence people have important reasons to invest in Whitefield.
The worldwide corporate monsters, infrastructure deployment, reasonable property estimations and umpteen decisions in private market have prompted the rise of new venture pockets in the fringe locale of Bangalore. Although the luxury area will keep on recovering at its late speed, the mid-pay and the reasonable lodging fragments in the distant regions will see expanded footing from homebuyers. Further developed availability, business advancement, lower capital qualities, development in rental lodging and framework extension are the key variables promoted to modify the realty game in Bangalore's arising areas like Attibele, Jigani, Abdigere, Seegehalli and Nallurhalli. Whitefield is a top most business region and is among the best places to invest resources into Bangalore. With the foundation of enormous IT parks in Whitefield, the district has turned into a focal point for real estate projects. In Whitefield, a few lodging options are genuinely available to the normal people. Now that the purple line metro is associated and guide administrations have been sent off from Majestic to Whitefield, this area will turn without doubt into a center for land speculation.
The Outer Ring Road joins Electronics City and HSR Layout through Sarjapur Road. Sarjapur is another center point for business and private spaces, as the Outer Ring Road becomes overburdened with IT ventures. Sarjapur Road has seen critical development and is among the best private areas for neighboring firms. The Outer Ring Road is supposed to ease overcrowding on Sarjapur Road, bringing about a lodging cost rise. Considering this, a large number of new activities are not too far off, which are all normal to drive up costs. Kanakapura Road offers a particular advantage, because of its great network to the city's significant locales. It will associate with key roads like Mysore Road, Tumkur Road, Hosur Road, and Old Madras Road through the proposed Peripheral Ring Road. This has brought about new business and private properties in the area. The expansion of a metro rail line and road upgrades and the presence of instructive establishments, have raised the region's land noticeable quality. Before long, improvements in this area could bring about huge cost appreciation. With areas like BTM Layout and JP Nagar nearby, Bannerghatta Road arises as perhaps the best spot to put resources into Bangalore land. It offers amazing entry to NICE Road and Mysore Road and has immense property packages accessible. This is additionally one of the city's most old regions. Thus, you will track down renowned schools, universities, medical clinics and different offices. Its availability, steady development rate and developing advancement make it a safe and secured investment.
Godrej is a prominent real estate developer offering excellent residential projects with excellent pricing. The Godrej properties are coming up with all modern amenities and specifications. The name of the brand Godrej properties is a huge boost, and it is coming up with various excellent residential projects in different locations in Bangalore. Let's have a look at some of the esteemed Godrej properties in Bangalore:
Godrej Park Retreat is an ongoing residential project on Sarjapura Road, East Bangalore, by Godrej Properties. The project has eight high-rise towers spread Across 12.85 acres. It offers 1,2, and 3 BHK great apartments. You can make experience wonderful life in a home designed to make space for everything you love and desire. From admiring the greens to living amidst the gardens, make life happen as you are surrounded by 4.06 acres of curated green spaces. There's 600 x 600 vitrified tile in living or dining, kitchen, and bedrooms, tiles flooring for toilets, utility, balcony, and Ceramic tile up to the false ceiling for bathrooms. Godrej Park Retreat East Bangalore presents an exclusive opportunity to own a stunning home that offers amenities and facilities. This includes a spa/salon, yoga/meditation centre, pharmacy & clinic, gymnasium, tennis court, swimming pool, mini theatre, volleyball court, and easy access to the clinic. It is an exclusive offering only for Godrej Park Retreat residents. Godrej Park Retreat offers a superb combination of comfort and convenience to suit the resident's requirements and needs. Sarjapur Road is amongst the prime locations to buy a home in Bangalore East. There are many residential projects on Sarjapur Road. Some of the important landmarks near the project are Sarjapur Road, Primus Public School, Bangalore Technological Institute, etc. Godrej Park Retreat is a suitable place to call home, with critical facilities in the vicinity. The starting price is Rs 62.99 lakh.
Godrej Ananda is a fabulous ongoing residential project by the Godrej Properties. It is on Bagalur road, North Bangalore. The project offers residential apartments in 2 BHK and 3 BHK configurations. The perfect combination of modern architecture and superior features provides a comfortable living. Godrej Ananda is a RERA-registered project. The project is sprawled over 20 acres of land, and the total number of units is 806. The starting price is Rs 59.99 lakh. The project is strategically located in Bagalur, KIADB Aerospace Park, off Bellary Road, near BIA road. The project is 15 mins drive from the Bangalore International Airport. The area is the hotspot of growth and investment. Many shopping centres, schools, colleges, hospitals, and renowned sports academies are nearby. The beautiful project offers many amenities such as a spa, salon, gym, pharmacy, creche, 3-tier security, clubhouse, garden, community hall, swimming pool, and indoor gaming areas.
Godrej Woodland is an address where you will find many indigenous trees. It is a project where you will enjoy the serene view of the lake and recreation activities in the fully equipped clubhouse. It is an ongoing forest-themed plotted development project by Godrej properties. It will be available in different dimensions such as 30*30, 30*40, 30*50, and 30*60. It is sprawled across 100 acres and has 1200 plots. It is on Sarjapur road, East Bangalore. The starting price is Rs 59.99 lakh. It offers more than 50 amenities to its residents. With exceptional facilities, you will live an extraordinary life. You will get every convenience within your reach in Sarjapur. Whether it's pharmacies, shopping malls, schools, colleges, community centres, etc., you will find everything in the vicinity of the woodland. Godrej woodland offers various amenities such as an outdoor games area, indoor games area, kids’ playroom, senior citizen zone, security system, jogging track, reflexology path, and yoga centre.
Godrej Royale woods is an ongoing residential project by the Godrej properties arranged in Devanahalli, Bangalore. The project offers its residents complete well-being and security, and it offers 2 and 3 BHK apartments spread over 13 acres. The total units are 1678, and the starting price is Rs 36.90 lakh. The amazingly designed project will solely suit your interest and requirement. The project offers pleasant open spaces, well-connected roads, and greenery. Godrej Royale woods offer you themed gardens, a forest-themed clubhouse, eight types of orchards, and homes with treetop views. They are located on NH-44, which provides smooth connectivity to other main areas in Bangalore, including KR Puram, Nehru Nagar, and ORR. The Godrej projects prestigious project presents an exclusive opportunity to own a beautiful home that offers all kinds of amenities and facilities. It includes a volleyball court, a clinic, easy access to the infinity pool, a swimming pool, and an exclusive offering only for Godrej Royale Woods residents. The project has an excellent combination of comfort and convenience to suit every requirement and need.
Whitefield was initially a primarily rural zone, and the IT boom transformed the locality. Whitefield has a total of 43 tech parks. The locality is also recognised for numerous SEZs and corporate offices nearby.
Godrej Developers is possibly the best realtor in Bangalore City. The private undertaking by Godrej in Bangalore will have one such extravagant apartment which will be situated at Whitefield, Bangalore. Godrej Properties Whitefield will offer you to purchase flats in Bangalore. The plan of the project will be of 1 BHK flats available to be purchased in Bangalore. It likewise has 2 BHK flats available to be purchased in Bangalore and 3 BHK flats available to be purchased in Bangalore as skyscraper residential towers in Bangalore. If you are looking for numerous imminent real estate projects in the Bangalore city, the apartments in Whitefield suits your way of life and gives an extravagance residing experience. You can purchase Godrej Properties Whitefield which will be the ideal decision and a fantasy home for you. Godrej apartments in Whitefield are again the most examined properties in the real estate market in Bangalore. Godrej Property has accomplished expertise in the real estate area by continually giving the home purchasers a house that they couldn't imagine anything better than to have.
Godrej United: Godrej United is an exceptional residential apartment project energized by Godrej Properties in the ideal spot of Whitefield, Bangalore. Godrej United, Whitefield holds the glorious extravagant foundation in Godrej Properties striking area. It offers open apartments to its tenants. Godrej United address recommends a model spot to home purchasers. It offers an ample and reasonable spot to live. Staggering beautiful view from Godrej United and green scenes all anywhere nearby makes it more particular and Elite. Godrej United, Whitefield offers simple availability to schools, universities, shopping centers, shopping buildings, medical care centers, cafes, and so on. It is situated in closeness to IT center like Bhoruka Tech Park, Tesco, Huawei, GE, Capgemini. Shopping centers laid out neighboring are Phoenix Mall, Ascendas Park Square Mall, Inorbit Mall, and some more. Inns near Godrej United are Taj Vivanta, Marriot, and Zuri.Godrej United private reason is stacked with conveniences which incorporate recreational center, indoor games, yoga deck, enormous clubhouse, pool, kids play zone, multi-reason lobby, gathering room, b-ball court, running track, retail spaces, finished gardens, party corridor, and so on.
Godrej Air Nxt: Godrej Air Nxt is a elegant project situated in Hoodi Circle, Bangalore. The property has been gifted with quality interiors that mesmerize the plans of your home. You will get an amazing chance to venture into a home that takes special care of your wellbeing and prosperity. The task is planned by inventive architects who foster appealing scenes with modern textures of creation. The residential project consists of 1.29 sections of land with a sum of 109 units. The project comprises of 1, 3, and 4BHK units with 762-3182 square feet region. The convenience at Godrej Air Nxt Bangalore is accessible in 1/2.5/3 BHK and Penthouse classes while the conveniences accessible here incorporate outside greens, community conveniences region, slope from the storm cellar, incline to the cellar, natural ranch, pool, paddle pool, strolling and running track, play court, harmony garden, yoga deck, terrace seating, youngster's play region, running or bike track. The undertaking grows north of 16 floors that offer extensive apartments with water conservative features. Godrej Air Nxt gives the wealth of advantages that incorporates an extravagant way of life, an ideal spot, sound environmental elements, and incredible amenities.
While Whitefield is a good option, with reasonable and mid-range residential projects, its adjacent areas mainly propose options on the upper end of the expanse. Due to comfortable access to major IT parks and essential social infrastructure, Whitefield has better appreciation potential than most nearby Whitefield localities.
Whitefield, located in the southeast zones of Bangalore, is surrounded by HSR Layout to the west, Devarabeesanahalli to the east, Sarjapur Road to the south, and Whitefield Lake to the north. Regarding apartments in Whitefield, two and 3-BHK are the most preferred choices.
With most homebuyers picking these configurations in Bangalore, Whitefield slashes high on their pick as a residential destination. Furthermore, its proximity to hi-tech localities like Sarjapur, Electronic city, Whitefield and Koramangala, which have thousands of employees, makes Godrej Splendour even more famous as residential investment.
Bangalore's IT boom has triggered a domino effect, with a booming real estate business spreading towards the city's outskirts. Suburban neighbourhoods such as Whitefield and Sarjapur have grown popular among first-time home purchasers due to the numerous advantages. Let's look at some of them.
IT boom: Whitefield has played a significant part in the city's IT-boom with prominent IT companies and industries. There are numerous tech parks in this region, which provide multiple career opportunities. As a result, Whitefield has attracted a steady stream of working professionals and graduates, setting the path for a robust real estate market. The increase in rents rapidly makes it an attractive investment and has high returns. Apart from solid career prospects, residing close to your place of business is always a smart option. You will save time on the road, but you'll also arrive home energised, and you will be ready to spend quality time with your loved ones. Tata Consultancy Services, Infineon Technologies, IBM, SAP Labs, and Genisys Group are the top IT firms in Whitefield.
Rapid recognition: It is common knowledge that investing in real estate in a developing area is the most excellent strategy, and Whitefield is at the top of the list of suburbs to consider. It examines three critical investment criteria: affordability, availability, and appreciation. Property prices in Whitefield are now modest, but they will likely rise with the anticipated metro and infrastructure. This means that investing in Whitefield is currently one of the most significant and most profitable possibilities.
Excellent connectivity: Whitefield is connected to the city's significant hubs by the Whitefield Road and Varthur Road arterial highways. These roads run through the Mahadevapura and Marathahalli areas, offering continuous connectivity to all Whitefield inhabitants. Aside from immaculate streets, Whitefield is home to a fully operating train station on the Bangalore-Chennai highway. The Namma Metro Project will be extended to connect Byappanahalli and Whitefield across a 13-station route. To top it all, Whitefield's proximity to Bengaluru International Airport has made it a popular business trip destination.
Infrastructure socially unparalleled: A robust social infrastructure significantly impacts the region's housing market, and Whitefield is no exception. Whitefield has it all, from prestigious educational institutions and outstanding medical facilities to family entertainment zones.
Projects of Various Types: The best residential and business projects are in Whitefield’s. In Whitefield, you'll discover everything from smartly constructed apartments and penthouses to traditional villas and tiny houses that you can personalise with excellent home décor advice. Aside from the range of project types, investors may choose from several reputable property developers, such as the Prestige Groups, known for their superior design and comfort.
Whitefield connects very well to Electronic City, Marathahalli and Old Airport Road. BMTC bus assistance links this place to all the additional city territories via the outer ring road (ORR), extending from JP Nagar to Whitefield via Whitefield. It is a nodal point to contact Whitefield and the Silk Board, which lie at opposite ends of the area and has constant connectivity to the HSR Layout.
The 8-lane Peripheral Ring Road will also relieve traffic load in the whole area and connect it to the central hubs like the international airport in the north. This location's development is because of its strategic placement on the map.
The connectivity to Godrej Splendour provides you various facilities. Sarjapur road have spots to hang out, eat and pamper you. There are various Hotels, Hospitals and school in the region. A flyover is found which brings you to the support of the road. At this point there are no metro lines nearby except for there are proposed lines to the Sarjapur road and we will need to sit back and watch for when it will hit fruition. When it comes to medical clinics there are Columbia Asia, Motherhood, Narayan Multispecialty Hospital and Swaranmukhi Hospitals are among the couple of most important clinics nearby. Godrej splendour is all around associated with every one of the significant regions like JP Nagar, Koramangala, and BTM Layout among others. It is likewise all around associated with the NICE road from where driving to Electronic City will likewise be a breeze. What's more, you can likewise effectively venture out to Hosur Road and Outer Ring Road. Such is the Bannerghatta road openness. Alongside great road network to different pieces of the city, air-conditioned Volvo BMTC transports, and private taxis like Ola and Uber, which handle from here to different parts of the city. Metro network from Bannerghatta road to different parts is additionally in progress. The third line of Namma Bengaluru metro task will interface from Nagavara to Gottigere by means of the Indian Institute of Management, Bangalore.
Hebbal is very much associated with significant urban areas by means of roadways, railroads, and airport routes, with Bangalore Railway Station at a 30-minute drive and Kempegoda International Airport at a 50-minute drive. The significant roads lead to the International Airport interface at Hebbal. The significant absorption of Hebbal is the circle construction of flyovers spread across the Outer Ring Road and Bellary Road on NH7. Koramangala is known for its availability through the Outer Ring Road and Hosur road and network to development centers like Electronic City and Jayanagar. Koramangala has turned in to an incredible spot for a huge and enhanced people. Individuals from everywhere India and the world, call it as a residential place. Also, with this features it has food and living encounters that hail from everywhere. Kanakapura road is very much associated with different pieces of the city through roads and metro. The outer ring road and NICE ring road guarantee smooth network. BMTC transports, cars, and taxis are accessible in great numbers. They offer quick and simple network. Kanakapura road is additionally seeing advancement in road availability. Road broadening and fringe ring road development are continuous tasks. The essential objective of these undertakings is to decongest the city's traffic. Nonetheless, this will likewise draw in expensive real estate investors to this area.
Whitefield is a fast expanding and fortunate suburban area ideal for millennials, families, students and professionals. Commercial and residential real estate evolution here has been somewhat contemporary, with each dependent on the other’s growth.
The outcome of the ORR as an IT corridor contributed to Whitefield gaining prominence as a residential catchment. The area brags people with high educational experiences with an affinity for high-end living and luxury.
The profitable trend of property appreciation makes it a potentially lucrative investment prospect. Given the anticipated arrival of more companies in the region shortly, Whitefield will be a run-away residential powerhouse in the future.
Godrej Splendour Bangalore is equidistant situated, with direct admittance to all massive complaints in and around Bangalore. The city's most restrictive addresses offer straightforward admittance to various recognised schools, business areas, medical clinics, sporting spots, public nurseries, and other comforts.
A modern investor, who wishes to invest in a property in India, looks for a certain security when selecting their investment. In this article, we look at what criteria are important in investment. We also explain why Godrej Properties is a good investment choice. The Godrej Group is a well-known organization that was established way back in 1897. The Godrej Group is led by Mr. Adi Godrej, who is the Chairman of the organization. The brand has been a household name since ages. From locks, safes, agricultural products to consumer products, most Indian households own a Godrej Product. Some of the lesser-known facts are that Godrej has been instrumental in the first general election of independent India. They are till date known for their philanthropic contributions, to themes like environment, education and also health care. Eco-friendly and green consciousness has been a cause that the company has worked towards. Taking all these into account, the security and safety of the investment in this group in their properties business is the best an investor can get.
Godrej Properties has achieved more than 250 prestigious awards. One of the significant recognitions is that of ‘The Most Trusted Real Estate Brand’ in the year 2019. In terms of delivery, Godrej has been the first in many pioneering projects. Planet Godrej was among the tallest Indian buildings when it was completed in 2008. And they were pioneers when they built in fire escape chutes in the building, putting safety and well-being at the focus of everything. Godrej BKC is a commercial project that is the leader in Energy and Environment friendly design. They are recognized in the world for their work on sustainability. Most of the projects are Platinum certified for their efforts in sustainability and green consciousness. From the year 2010, Godrej Properties committed to delivering a green project in every single building that they undertake. Godrej Properties is also a public listed company in India. And it is the largest with sales value topping over Rs. 5000 crores. Godrej has its presence in some of the major cities in India, namely, Mumbai, Pune, Kolkata, Nagpur, Chennai, NCR, Bangalore, Ahmedabad, Mangalore and Chandigarh. A Godrej property is designed with innovations in technology, safety, securing, lighting, ventilation, comfort and as a trust for generations. An investment in Godrej Properties is without doubt the best choice for a property buyer.
Godrej Properties is a big esteemed brand in India's realty market and has made its effect significantly with pioneer projects. The group has a stronghold in South India, especially Bangalore, with some astonishing and milestone creations. Based in 1897 and from then on, Godrej Properties has created a significant brand value for themselves as the most trusted and trustworthy brand.
Bangalore has noticed some of the fantastic and exquisite projects by Godrej Properties, which have aided achieve thousands of people's dream of owning a dream home in India's most dynamic cosmopolitan city.
The renowned Godrej Group has recently added seven new projects with an expected sales value of Rs 9500 crore. In the last fiscal year, Godrej properties had added six residential projects, consisting of 9.33 million square feet of saleable area with remarkable bookings sales of Rs 8950 crore. Earlier, it planned to invest Rs 7500 crore approximately over the next 18 months to acquire and develop new real estate projects. In the latest interview with PTI, its executive chairman Pirojsha Godrej said that the company is looking forward to adding more projects during this fiscal year to increase its growth rate. Godrej properties purchased land outright for future development and formed partnerships with landowners. He further said that the pipeline of new deals is very robust.
In April, the company added one more project in Nagpur of 1.52 million square feet worth Rs 575 crore. The company expects its sales booking to increase by at least 27 percent in the current fiscal year by crossing the Rs 10000 crore mark. Previously, Godrej properties sales bookings rose by 17 percent to Rs 7861 crore, out of which Rs 7781 crore came from the residential properties. In FY22, it sold 9121 properties with a total area of 10.8 million square feet. Godrej properties launched around 6.5 million square feet during the last fiscal year, and the next target is to reach 10 million square feet in this fiscal year. The company is strategizing to launch over 20 million square feet of area in existing projects during this fiscal year. Godrej properties witnessed a net profit of Rs 260.47 crore for the quarter ended in March, and it had suffered a net loss of Rs 191.57 crore in the year-ago period. From the total income of Rs 576.08 crore in the year-ago period, it rose to Rs 1522.57 crore during the January -March quarter of the last fiscal year. Godrej properties registered a net profit of Rs 352.37 crore during 2021-22 and a net loss of Rs 189.30 crore in the previous year.
Godrej Properties, a renowned name in the real estate sector and the arm of the business conglomerate Godrej Group, has a strong foothold in the major cities, Mumbai metropolitan region, Delhi NCR, Pune, and Bengaluru. It has delivered around 24 million square feet of properties in the last five years and at present has 192 million square feet of properties across India.
Godrej Properties witnessed remarkable quarterly sales and collections. The analysts predict Godrej Group to grow at a healthy pace. The company's sales booking rose 23% year-on-year to Rs 3,248 crore in the three months to March. The company's booking value for FY22 rose 17% to Rs 7861 crore. The company introduced three projects with a saleable area of 6.1 million square feet. The quarterly collection was Rs 2678 crore leading to a net operating cash flow of Rs 1045 crore in the month of January-March. The executive chairman Pirojsha Godrej said that the company aims to create a thunderstorm in FY23 with an excellent launch pipeline, a strong balance sheet, and sectoral tailwinds. Mohit Malhotra, who is the chief executive officer and managing director of the Godrej Group, said that the company is planning to launch more projects in FY23 in Mumbai metropolitan region and Bengaluru. The company also saw robust sales in the National capital region and Pune. The demand will be higher, and the composition will likely remain similar to that of FY22.
Q4 FY22 Highlights (Consolidated, YoY)
The share of the Godrej properties went high intraday. However, the gains reversed after the Reserve Bank of India surprisingly hiked the repo rate, and the shocking announcement caused them to log the worst day in eight weeks. According to Bloomberg data, out of 20 analysts tracking the company's shares, four suggest buying, five suggest holding, and 11 recommend selling.
Let's have a look at what the brokerages have to say about the company's Q4 FY22 results.
Suggests buy, with target price raised to Rs 2100 from Rs 2000, with an implied return of 29.97%. The company reported strong pre-sales, revenue, and profits in Q4. The management is anticipating the pre-sales to cross Rs 10000 crore in FY23 and a robust pipeline launch of 21 MSF. The new projects added at six MSF were substantial, although the additions were low gearing. More is to be done to capture the market in FY23.
Suggests neutral, with target price dropped to Rs 1750 from Rs 1800, with an implied return of 8.31%. The company exceeded expectations by achieving the highest-ever quarterly sales and annual pre-sales and cash collections. The booking value rose by 17% to Rs 7860 crore in FY22. The pre-sales of FY23/24 are estimated by 1%/2%. It is expecting the Godrej properties to grow at a healthy pace. The company's top priority city is MMR and Bengaluru. It is further hoping to add new projects in the key areas. The new project additions are more likely to be under plotted development category.
Recommends selling with a target price raised from Rs 1205 to Rs 1215, with an implied return of 24.80%. The new projects bounced back the gross sales booking in Q4. The company's target to launch a strong pipeline is anticipated to contribute to market growth. The company's decision to dial in a single-digit price hike to mitigate cost inflation is favorable. The company's target aims to achieve sales booking of Rs 10000 crore in FY23 is strong.
This Project is an upcoming development, so only limited information is available. There are premium 1, 2 and 3 BHK units available, But the number of units available on the premises is yet to announce.
The project is in the pristine surroundings of Whitefield in East Bangalore.
Godrej Splendour will host multiple luxury apartments spread across different residential towers with many floors.
Hence the prices have not yet been revealed. The prices will be updated shortly.
Being positioned in a prime location, this is the best investment option for potential investors and home seekers. It is a luxury residential dwelling located in the best places in East Bangalore. The architects have ensured to offer all the crucial niceties with thoughtfully crafted homes.