Godrej Properties shares jump 5% on sale of ₹2,000 crore worth homes in Noida

Shares of Godrej Properties Ltd jumped 5% in intraday trade on Wednesday after the real estate developer said it has sold over 275 homes worth over ₹2,000 crore at the launch of its luxury project, Godrej Riverine, in Sector 44, Noida.

Reacting to the development, shares of Godrej Properties opened at ₹2,094.95 against their previous closing price of ₹2,042.55 on the BSE. The stock hit a high of ₹2,143.55, taking the company’s market cap to nearly ₹65,000 crore.

Launched in March 2025, Godrej Riverine is strategically located in Sector 44, one of the key micro markets in Noida. The project is spread over 6.46 acres, comprising luxury residential apartments of varied configurations.

Godrej Riverine marks the third consecutive launch with over ₹2,000 crore sales for Godrej Properties in Noida. GPL had previously sold inventory of over ₹2,000 crores in Godrej Jardinia, Sector 146 Noida in Q1 FY25 and in Godrej Tropical Isle, Sector 146, Noida in Q2 FY24.

“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 and confidence in Godrej Properties. We remain committed to delivering an exceptional living experience at this development. Noida is a key market for us, and we look forward to further strengthening our presence in the region in the years ahead,” said Gaurav Pandey, MD & CEO, Godrej Properties.

“With its well-planned infrastructure, wide roads, and proximity to Delhi, Noida offers a high-quality lifestyle and good connectivity,” the realty firm said.

Foreign brokerage Jefferies remains bullish on Godrej Properties, expecting the realty major to post 35% pre-sales growth in FY25 to ₹30,000 crore. Godrej Properties last year raised ₹6,000 crore, more than 50% of net worth as of September 24 and an equity dilution of 8% through a fresh share issue. The company had said it intends to use fund proceeds for building a project pipeline to scale up the business.