Godrej Properties Shares Surge 5% After Blockbuster Noida Sales

Godrej Properties shares soared by nearly 5% on April 2, following the successful launch of its luxury project, Godrej Riverine, in Noida. The company announced that it had sold 275 apartments worth over ₹2,000 crore during the launch phase.

The stock was trading at approximately ₹2,140 per share in the afternoon session, reflecting strong investor confidence in the real estate giant’s continued success in the premium housing market.

Godrej Riverine: A Landmark Luxury Project in Noida

The newly launched Godrej Riverine project is situated in Noida's Sector 44, a prime residential micro-market. The 6.46-acre development offers luxury apartments in varied configurations, catering to high-net-worth buyers seeking premium living spaces.

According to the company’s official pricing details:

• 3 BHK apartments start from ₹6.40 crore

• 4 BHK apartments are priced from ₹7.35 crore

Godrej Properties highlighted that Noida’s well-planned infrastructure, wide roads, and excellent connectivity to Delhi have made it a sought-after destination for luxury homebuyers.

Company CEO Expresses Gratitude for Overwhelming Response

Gaurav Pandey, CEO and Managing Director of Godrej Properties, expressed his appreciation for the tremendous response to the project:

"We are delighted with the overwhelming response to our luxury project, Godrej Riverine in Noida. We extend our sincere gratitude to our customers and all stakeholders for their trust in Godrej Properties. We remain committed to delivering an exceptional living experience at this development."

He further emphasized Noida’s importance as a key market for the company, stating that Godrej Properties aims to strengthen its presence in the region with more upcoming projects.

Godrej Properties' Consistent ₹2,000+ Crore Sales in Noida

Godrej Riverine is the third consecutive project in Noida where Godrej Properties has achieved ₹2,000+ crore in sales at launch.

Previously, the company had successfully sold:

• ₹2,000 crore worth of homes in Godrej Jardinia (Q1 FY25, Noida Sector 146)

• ₹2,000 crore worth of homes in Godrej Tropical Isle (Q2 FY24, Noida Sector 146)

This consistent performance highlights Godrej Properties' dominance in Noida's luxury housing segment and growing consumer trust in the brand.

Strong Demand for Luxury Homes Continues

Godrej Properties has witnessed strong momentum in premium real estate sales, not just in Noida but also in other key markets.

• In March 2025, the company sold nearly 90 homes worth over ₹1,000 crore on the launch day of its luxury project, Godrej Astra in Gurugram.

• The consistent demand for high-value apartments suggests buyers continue to invest in premium residential properties despite market fluctuations.

Market Volatility and Godrej Properties’ Stock Movement

Despite strong sales performance, Godrej Properties' shares faced a downturn on April 1 due to broader market volatility affecting real estate stocks. However, the stock rebounded sharply by 5% on April 2, following the Noida project launch update.

The stock market remains volatile ahead of anticipated tariff announcements from the US, which could impact investor sentiment across global markets.

Jefferies Revises Real Estate Portfolio Allocations

Amid ongoing shifts in the real estate sector, market expert Chris Wood of Jefferies recently removed Godrej Properties from the Asia ex-Japan long-only portfolio. Instead:

• Investment in Macrotech Developers (Lodha brand promoters) was increased from 1% to 4%.

• DLF shares were newly added to the portfolio with a 3% allocation.

Despite this portfolio reshuffle, Godrej Properties continues to see strong sales momentum, reflecting the company’s solid fundamentals in the premium real estate market.

Outlook: What’s Next for Godrej Properties?

With a consistent track record of high-value sales, Godrej Properties remains a key player in India’s luxury real estate market.

Market analysts suggest that:

• Continued expansion in prime locations like Noida and Gurugram will sustain the company’s growth.

• Ongoing demand for premium homes suggests resilience in the high-end housing sector.

• Stock price fluctuations may persist due to market volatility, but strong sales figures support long-term investor confidence.

As Godrej Properties continues to launch premium projects with high-value sales, investors and homebuyers alike are closely watching its next moves in the evolving Indian real estate landscape.

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