<p>Godrej Properties on Monday said its sales booking rose 56 per cent last fiscal year to an all-time high of Rs 12,232 crore on strong demand for residential properties.</p>.<p>In a regulatory filing, Godrej Properties informed that the company achieved its highest ever sales bookings in the fourth quarter as well as the entire 2022-23 financial year. In the fourth quarter, the company clocked sales bookings of Rs 4,051 crore. Its sales bookings stood at Rs 7,861 crore in 2021-22.</p>.<p>When contacted, Godrej Properties Executive Chairman Pirojsha Godrej said: "The reason we were able to deliver strong growth in FY23 is that we had a strong portfolio of projects across the country."</p>.<p>"For the first time, we sold over Rs 2,000 crore of real estate in each of our four focus markets of Mumbai, NCR, Bengaluru and Pune," he told PTI.</p>.<p>Of the total sales bookings last fiscal year, Pirojsha said the housing segment's contribution was 99 per cent.</p>.<p>"Our teams on the ground did very well to capitalize on a strong real estate demand environment," he said.</p>.<p>The company looks forward to building on this momentum in FY24, Pirojsha added.</p>.<p>As per the filing, sales volumes grew 40 per cent to 15.21 million square feet last fiscal from 10.84 million square feet in the previous year.</p>.<p>Cash collections for FY23 grew 41 per cent to Rs 8,991 crore.</p>.<p>In the fourth quarter, collections stood at Rs 3,822 crore, representing year-on-year growth of 52 per cent.</p>.<p>Godrej Properties also reported its highest ever quarterly and annual project deliveries.</p>.<p>"Delivered projects aggregating over 10 million square feet across 5 cities in FY23 including 7.6 million square feet in Q4," it said.</p>.<p>Gaurav Pandey, MD & CEO, Godrej Properties highlighted that the company's sales bookings were 22 per cent more than the annual guidance.</p>.<p>"This sales growth for the year was on the back of both an improving project mix as well as strong volume growth of 40 per cent," he said.</p>.<p>The robust sales performance has translated into record collections growth, backed by strong project completions of over 10 million square feet.</p>.<p>"With our business development additions nearly doubling our initial guidance and increasing by over 200 per cent YoY, we will have a stronger launch pipeline in the current year than ever before," Pandey said.</p>.<p>Godrej Properties, the real estate arm of business conglomerate Godrej Industries, is one of the leading real estate developers in the country.</p>.<p>It mainly focuses on Delhi-NCR, Mumbai Metropolitan Region, Bengaluru and Pune for development of residential projects.</p>
<p>Godrej Properties on Monday said its sales booking rose 56 per cent last fiscal year to an all-time high of Rs 12,232 crore on strong demand for residential properties.</p>.<p>In a regulatory filing, Godrej Properties informed that the company achieved its highest ever sales bookings in the fourth quarter as well as the entire 2022-23 financial year. In the fourth quarter, the company clocked sales bookings of Rs 4,051 crore. Its sales bookings stood at Rs 7,861 crore in 2021-22.</p>.<p>When contacted, Godrej Properties Executive Chairman Pirojsha Godrej said: "The reason we were able to deliver strong growth in FY23 is that we had a strong portfolio of projects across the country."</p>.<p>"For the first time, we sold over Rs 2,000 crore of real estate in each of our four focus markets of Mumbai, NCR, Bengaluru and Pune," he told PTI.</p>.<p>Of the total sales bookings last fiscal year, Pirojsha said the housing segment's contribution was 99 per cent.</p>.<p>"Our teams on the ground did very well to capitalize on a strong real estate demand environment," he said.</p>.<p>The company looks forward to building on this momentum in FY24, Pirojsha added.</p>.<p>As per the filing, sales volumes grew 40 per cent to 15.21 million square feet last fiscal from 10.84 million square feet in the previous year.</p>.<p>Cash collections for FY23 grew 41 per cent to Rs 8,991 crore.</p>.<p>In the fourth quarter, collections stood at Rs 3,822 crore, representing year-on-year growth of 52 per cent.</p>.<p>Godrej Properties also reported its highest ever quarterly and annual project deliveries.</p>.<p>"Delivered projects aggregating over 10 million square feet across 5 cities in FY23 including 7.6 million square feet in Q4," it said.</p>.<p>Gaurav Pandey, MD & CEO, Godrej Properties highlighted that the company's sales bookings were 22 per cent more than the annual guidance.</p>.<p>"This sales growth for the year was on the back of both an improving project mix as well as strong volume growth of 40 per cent," he said.</p>.<p>The robust sales performance has translated into record collections growth, backed by strong project completions of over 10 million square feet.</p>.<p>"With our business development additions nearly doubling our initial guidance and increasing by over 200 per cent YoY, we will have a stronger launch pipeline in the current year than ever before," Pandey said.</p>.<p>Godrej Properties, the real estate arm of business conglomerate Godrej Industries, is one of the leading real estate developers in the country.</p>.<p>It mainly focuses on Delhi-NCR, Mumbai Metropolitan Region, Bengaluru and Pune for development of residential projects.</p>