Godrej Properties plans to launch 15-16 projects in FY15.

Realty player Godrej Properties recently said it plans to launch 15-16 residential projects in the current fiscal.

'We are upbeat about revival of the sector. Because of the slowdown in last few years, some of our project launches which were delayed we plan to launch them this fiscal,' company's Managing Director and CEO Pirojsha Godrej told reporters .

The company may launch 15-16 residential projects this fiscal, he said.

'While some will be the next phases of the current projects, some will be new launches. We may launch new projects in markets like Bangalore, NCR and Pune, while the next phases launch will be in Kolkata, Nagpur and Mumbai,' he said.

'The new launches will be developed on joint development model,' he said.

The company added one new project in Gurgaon with 1.6 million sq ft of saleable area.

The city-based company had reported a net profit of Rs. 39.47 crore in the April-June quarter of FY'14.

BS