New Delhi, Apr 9 (PTI) Shares of Godrej Properties on Tuesday jumped nearly 8 per cent after the company reported a 84 per cent increase in sales bookings to a record Rs 22,500 crore in the last financial year.

The stock zoomed 7.85 per cent to reach its one-year high of Rs 2,791.20 on the BSE.

Also Read | BJP Foundation Day 2024 Date: Know the History and Significance of BJP Sthapna Diwas That Celebrates the Formation of the Bharatiya Janata Party.

On the NSE, it climbed 7.84 per cent to hit the one-year peak of Rs 2,791.80.

Realty firm Godrej Properties on Tuesday reported a 84 per cent increase in sales bookings to a record Rs 22,500 crore in the last financial year, on higher volumes amid strong consumer demand for residential properties.

Also Read | AMC Raising Day 2024: Army Medical Corps Celebrates 260th Raising Day as They Live Up To The Corps Motto.

Godrej Properties has surpassed the sales booking numbers of Bengaluru-based Prestige Group, which on Monday reported pre-sales of Rs 21,040 crore during the last fiscal year.

In a regulatory filing, Godrej Properties said the company has achieved its best-ever quarterly and annual sales in the fourth quarter of the last fiscal and for the full 2023-24, respectively.

During the fourth quarter of the last fiscal, Godrej Properties' sales bookings more than doubled to over Rs 9,500 crore year-on-year.

Its sales bookings during the last fiscal grew by 84 per cent year-on-year to more than Rs 22,500 crore.

"This is the highest-ever annual sales announced to date by any publicly listed real estate developer in India. This was achieved through the sale of 14,310 homes with a total area of 20 million square feet," the company said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)