Godrej sells 300 apartments within week at its project launch in Vihroli

Mumbai-based Godrej Properties on Monday announced that it has sold 300 apartments within one week at The Trees, its flagship project in Vikhroli, Mumbai. This represents more than 80 per cent of the 374 apartments it opened for sale in the first phase of this project.

According to a press release, the value of apartments sold is in excess of Rs700 crore making it the company’s most successful ever launch in terms of value of real estate sold. This is also one of the country’s most successful recent launches, the release said.

The Trees mixed-use development contains a commercial precinct spread across 9.4 acres, which houses Godrej One, the Godrej Group’s global headquarters. The central mixed use precinct, spread over 9.2 acres, will comprise a 5 star luxury hotel, cultural buildings, luxury residential, and a high street retail park. The more private luxury residential precinct spread across 6.7 acres, which was recently opened for sale, will house a community of residential buildings with private parks and aclubhouse facility.

The first phase of residences in the project contains a total of 374 apartments of various sizes and configurations with a saleable area of approximately 46,000 sq. mt. (500,000 sq. ft.). All the residences offer premium specifications and are designed to offer spectacular views of the internal courtyard, the central landscaped retail court, and the lush green mangroves, the release said.

Godrej Properties has collaborated with several of the world’s most renowned architects and engineering consultants to design this project.

Pirojsha Godrej, Managing Director & CEO, Godrej Properties, said, “We are thrilled with the customer response to the launch of The Trees in Vikhroli. We will do everything possible to ensure we deliver our customers an outstanding and innovative project.”