Godrej Properties sells 695 flats in Gurgaon in one day

NEW DELHI: Godrej Properties Ltd today said it has sold the first phase of its housing project comprising 695 flats in Gurgaon in one day.

The Mumbai-based real estate developer had yesterday launched the 21- acre housing project in Gurgaon comprising 1,200 flats with an investment of up to Rs 600 crore.

In a statement, Godrej Properties said it sold over over one million sq ft of space in its residential project in Gurgaon in a single day.

The company expects a revenue of Rs 1,200 crore from this project over the next five years. The project will be build in partnership with Zara Sanya under an area sharing agreement, in which Godrej will hold 65 per cent stake.