Godrej Properties Ltd. today, announced that it has sold over 1 million square feet of area at the launch of a new phase, Celeste, in its township, Godrej Garden City, Ahmedabad. The company has sold 870 homes with a booking value of approximately INR 435 crore since Celeste was launched in October 2022.

Covering ~2.3 hectares, Celeste includes 8 towers and offers homes and retail outlets of various configurations. As part of the integrated offering, this phase comes with a wide range of state-of-the-art amenities covering social, health, and leisure requirements across age groups, facilitating a holistic and enhanced lifestyle for its residents. 

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are happy with the overwhelming response received for Celeste at Godrej Garden City, Ahmedabad. The customer’s confidence is a reflection of the increasing demand for sustainable integrated developments by reputed developers. Ahmedabad is an important market for us and we will aim to build an outstanding residential community that creates long-term value for its residents.”

 Launched in October 2010, Godrej Garden city, (GGC) is a sustainable township project, located just off SG Highway in the heart of Ahmedabad (i.e. in the Jagatpur area). The township is within Ahmedabad Municipal Corporation (AMC) limits and offers good infrastructure and connectivity along with lush greenery and best-in-class amenities including 100+ retail outlets, education and healthcare centres. The master plan has been created by world-renowned architects Skidmore, Owings, and Merrill (SOM), who have also designed numerous landmark projects across the globe such as the Burj Khalifa in Dubai.

Also Read: Godrej Properties enters Golf Course Road Extension in Gurugram

You May Also Like

Maharashtra Government Sets 9% Annual Lease Rate for Government Lands in 2025, Based on SBI’s MCLR

The Maharashtra government has updated lease rents and interest on government lands to 9% based on SBI’s one-year MCLR for 2025, potentially raising costs for thousands of leased properties and housing societies in Mumbai and across the state. This could mean higher annual payments for common residents on such lands.

Realty Stocks Open Mixed as Dalal Street Turns Volatile; Select Developers Outperform Early Trade

Real estate stocks opened mixed on Thursday as Indian markets turned volatile after an early rally. While developers like Godrej Properties, DLF and Lodha saw buying interest, others faced profit booking, pointing to a highly stock-specific trading session for the realty sector.

Supreme Court Relief for 493+ Stalled Projects, Restores Environmental Clearance Mechanism

The Supreme Court has ruled in favor of CREDAI-MCHI’s petition, reaffirming SEIAA and SEAC’s authority over environmental clearances. The verdict revives over 493 stalled projects in MMR and Pune, boosting affordable and mid-income housing supply.

India’s REIT Market Set for Major Expansion: Asset Values to Jump Up to 40% by FY27

India’s REIT sector is set for strong expansion, with gross asset values expected to rise up to 40% by FY27, backed by asset acquisitions, improving occupancies, and stable leverage, according to Crisil Ratings.