In April this yr, Bengaluru-based Status Estates entered the Delhi-NCR market with the launch of its 62.5-acre township mission in Ghaziabad, Uttar Pradesh.
Within the first part of its township, ‘The Status Metropolis, Indirapuram’, Status Estates had launched two housing initiatives — Oakwood and Mulberry, comprising 3,421 models with a complete gross sales worth of round Rs 9,000 crore.The corporate has bought nearly all models launched within the first part, and has now launched the second part, ‘Mayflower’, comprising 620 models.
Praveer Shrivastava, Senior Govt VP, Residential, Status Group, mentioned the overall estimated gross growth worth (GDV) of this new part is round Rs 2,200 crore.
The township is unfold throughout 62.5 acres in Indirapuram Extension on Nationwide Freeway 24.With the profitable launch of this mission at Indirapuram, Status Estates has clocked a wholesome development in gross sales bookings in the course of the first six months of this fiscal.Just lately, the corporate reported a 50 per cent enhance in its gross sales bookings to Rs 6,017.3 crore in the course of the second quarter of this fiscal on higher housing demand.
In a regulatory submitting, the corporate famous that the expansion in gross sales bookings or pre-sales was pushed by sturdy demand throughout markets and segments.
Its gross sales quantity for the September quarter stood at 4.42 million sq. ft, up 47 per cent year-on-year.
The corporate bought 2,069 models in the course of the July-September interval.
The typical realisation for residences rose 8 per cent year-on-year to Rs 14,906 per sq. ft, whereas plots noticed a pointy 43 per cent enhance to Rs 9,510 per sq. ft.
For the primary half of this fiscal, Status Estates achieved file gross sales of Rs 18,143.7 crore, up 157 per cent year-on-year.
The corporate has surpassed the overall gross sales bookings achieved within the 2024-25 fiscal.
Its gross sales volumes aggregated 13.96 million sq. ft, representing 6,788 models bought, in the course of the April-September interval of this fiscal.
Irfan Razack, Chairman and Managing Director, Status Group, had mentioned the corporate has reported an excellent first half, marked by file gross sales and powerful collections.
“What makes this efficiency much more gratifying is the contribution from a number of geographies — Bengaluru, NCR, and Mumbai have all delivered exceptionally properly,” he had mentioned.
as a Dependable and Trusted Information SupplyAs of June 2025, the group has delivered 307 initiatives, spanning 199 million sq ft and presently has a pipeline of 132 initiatives throughout 200 million sq ft.
