<p>Realty firm Godrej Properties on Wednesday reported a 54 per cent increase in its consolidated net profit to Rs 54.96 crore for the quarter ended September on higher income.</p>.<p>Its net profit stood at Rs 35.73 crore in the year-ago period.</p>.<p>The total income also rose to Rs 369.20 crore in the second quarter of this fiscal from Rs 334.22 crore a year ago, according to a regulatory filing.</p>.<p>Its sales bookings fell 6 per cent to Rs 2,409 crore in the July-September period against Rs 2,574 crore in the year-ago period. </p>.<p>During the April-September period of this fiscal, the sales bookings rose 60 per cent to Rs 4,929 crore from Rs 3,072 crore in the corresponding period of the previous year.</p>.<p>Pirojsha Godrej, Executive Chairman, of Godrej Properties Ltd, said: "While the global macroeconomic environment deteriorated in the second quarter, India's economy continues to outperform and residential real estate demand continues to remain robust".</p>.<p>"At the halfway mark of the financial year, we are confident of achieving our booking value guidance of Rs 10,000 crore for FY 23," he added.</p>.<p>Godrej said the company is witnessing a lot of momentum in business development.</p>.<p>He expects to deliver its best-ever year for new project additions through strong momentum in the second half of the year.</p>.<p>"This in turn will ensure that the sharp increase in booking value this year is continued in the years ahead," he said.</p>.<p>Godrej Properties acquires land outright and also forms joint development agreements (JDAs) with landowners to expand its new development portfolio.</p>.<p>On Tuesday, Godrej Properties Ltd said it has acquired 12 acres of land in Pune for the development of a housing project that has an estimated sales revenue potential of about Rs 2,000 crore.</p>.<p>Godrej Properties, which is part of the business conglomerate Godrej Group, is one of the leading real estate developers in the country. </p>
<p>Realty firm Godrej Properties on Wednesday reported a 54 per cent increase in its consolidated net profit to Rs 54.96 crore for the quarter ended September on higher income.</p>.<p>Its net profit stood at Rs 35.73 crore in the year-ago period.</p>.<p>The total income also rose to Rs 369.20 crore in the second quarter of this fiscal from Rs 334.22 crore a year ago, according to a regulatory filing.</p>.<p>Its sales bookings fell 6 per cent to Rs 2,409 crore in the July-September period against Rs 2,574 crore in the year-ago period. </p>.<p>During the April-September period of this fiscal, the sales bookings rose 60 per cent to Rs 4,929 crore from Rs 3,072 crore in the corresponding period of the previous year.</p>.<p>Pirojsha Godrej, Executive Chairman, of Godrej Properties Ltd, said: "While the global macroeconomic environment deteriorated in the second quarter, India's economy continues to outperform and residential real estate demand continues to remain robust".</p>.<p>"At the halfway mark of the financial year, we are confident of achieving our booking value guidance of Rs 10,000 crore for FY 23," he added.</p>.<p>Godrej said the company is witnessing a lot of momentum in business development.</p>.<p>He expects to deliver its best-ever year for new project additions through strong momentum in the second half of the year.</p>.<p>"This in turn will ensure that the sharp increase in booking value this year is continued in the years ahead," he said.</p>.<p>Godrej Properties acquires land outright and also forms joint development agreements (JDAs) with landowners to expand its new development portfolio.</p>.<p>On Tuesday, Godrej Properties Ltd said it has acquired 12 acres of land in Pune for the development of a housing project that has an estimated sales revenue potential of about Rs 2,000 crore.</p>.<p>Godrej Properties, which is part of the business conglomerate Godrej Group, is one of the leading real estate developers in the country. </p>