Godrej Properties (GPL) clocked record Q2FY24 gross sales bookings of 5.2msf worth INR50.3bn (10% above I-sec estimate of INR45.0bn), led by INR20.2bn of sales from Tropical Isle, Noida project launched during the quarter. While the company retained guidance for INR140bn of FY24 gross sales bookings driven by a launch pipeline of ~17.6msf in H2FY24, operating cash surplus for H1FY24 was weak at INR9.3bn.