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Godrej Properties to tap into Tier II cities, deliver 15 million sq ft in FY25: CEO

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Godrej Properties to tap into Tier II cities, deliver 15 million sq ft in FY25: CEO

Godrej Properties plans to expand its presence in Tier II cities in southern India, with a focus on plotted developments. The company is actively looking for opportunities in cities like Mysuru, Mangaluru, and Hosur. Plotted developments allow developers to test new markets and gauge demand for group housing. Godrej Properties aims to launch 21.9 million sq ft in FY25 with an expected value of Rs 30,000 crore. The company has a target of Rs 27,000 crore in sales bookings and plans to deliver 15 million sq ft of real estate in FY25. The CEO of Godrej Properties (South) highlighted the strong end-user demand in southern India, particularly in stable and less speculative markets.

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