Last month, Prestige had said in FY23, the group plans to launch over 15 mn sq-ft of realty projects in Mulund and Pali Hill in Mumbai, Bengaluru, Delhi-NCR and Chennai, among others.
Total income increased to Rs 2,585.69 crore in the last fiscal from Rs 1,333.09 crore in the 2020-21 fiscal. On operational front, it said that its sales bookings rose 23 per cent to Rs 3,248 crore.
The Bengaluru based Prestige reported a 90% increase in sales bookings to an all-time high of Rs 10,382.2 crore during the last financial year on better demand for its properties.
GPL said that the company received substantial feedback and views from its stakeholders and minority investors raising concerns on the proposed transaction with DB Realty.
Out of the total sales bookings in the first half of 2021-22, residential properties contributed Rs 3,051 crore while commercial properties only Rs 20 crore.
Its sales bookings jumped more than two times to Rs 2,574 crore during the second quarter of the current fiscal from Rs 1,074 crore in the year-ago period.
In a regulatory filing, the company informed that it has entered into an agreement to redevelop a land parcel in the upscale neighbourhood of Wadala.
Mohit Malhotra, MD and CEO, Godrej Properties, said, 'Noida is as an important city for our company and we hope to build on this momentum in the years ahead.'