Godrej Properties sells 1,550 homes for Rs 1,002 crore in its township project In Pune’s Mahalunge

Godrej Properties Ltd (GPL, a real estate developers said that its township project Riverhills in Mahalunge, Pune, achieved FY 22 sales worth Rs 1,002 crore.

On March 21 Godrej Properties said in a statement that over 1,550 homes, accounting over 1.5 million square feet for their township project, has been sold in the current fiscal year.

Godrej Properties further said that since the opening of the township’s first phase in September 2019, it has sold over 3,600 residences with 3.4 million square feet of area at a booking value of over Rs 2,100 crore.

Mohit Malhotra, MD and CEO, Godrej Properties, said, “We are happy with the overwhelming response received for Riverhills, Mahalunge. The customer’s confidence is a reflection of the increasing demand for community and integrated developments by reputed developers. We will do our best to deliver an outstanding project for all the residents of this township.”

Riverhills is a township with more than 8 hectares of open space. It is one of the first townships in the proposed 283-hectare Mahalunge Maan Hi-Tech City. Mahalunge Maan Hi-Tech City is located near the residential area of Baner and the IT hub of Hinjewadi.