Godrej Properties buys 9-acre land for Rs 300 crore to build housing project
NEW DELHI: Godrej Properties has bought a 9-acre land in Gurugram for around Rs 300 crore to develop a housing project. On December 29, the company had informed stock exchanges about acquisition of the land through an outright purchase, but did not mention the deal value. According to market sources, Godrej Properties bought this 9-acre […]
Godrej Properties enters Golf Course Road Extension in Haryana
NEW DELHI:Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has announced that it has acquired approximately 9 acres of land in Gurugram, Haryana through an outright purchase. This project will offer approximately 1.6 million square feet of premium residential development with exceptional lifestyle amenities. The site is strategically located with easy access […]
Godrej Properties adds 8 new projects worth Rs 16,500 cr so far in FY23
NEW DELHI: Enthused by strong housing demand, Godrej Properties is aggressively acquiring land for future development and has added eight new projects so far this fiscal with an estimated revenue potential of Rs 16,500 crore. With four months still left in 2022-23 financial year, Godrej Properties Executive Chairman Pirojsha Godrej is hopeful that the company […]
Godrej Properties achieves sales of Rs 500 crore in Pune project launch
NEW DELHI: Godrej Properties said that it has achieved sales worth INR 500 crore through the launch of its new project, Godrej Woodsville in Hinjewadi, Pune. The company, till date has sold 675+ homes accounting for an area of over 6.90 lakh square feet for the project launched in September 2022. Mohit Malhotra, MD & […]
Godrej Properties highest bidder for Noida land parcels with Rs 377 crore bid
NEW DELHI: Realty firm Godrej Properties Ltd on Saturday said it has been declared as the highest bidder for two adjacent land parcels in Noida with a bid of Rs 377 crore. The company said in a regulatory filing that it has been declared as highest bidder as per the e-tendering portal of SBI, which […]
Godrej Properties acquires land for premium project in Pune
NEW DELHI:Godrej Properties Ltd. (GPL),, one of India’s leading real estate developers, today announced that it has, on outright basis, acquired a 12-acre land parcel in Mundhwa -East, Pune. The development on this land will primarily be for a premium group housing project. Among the most centrally-located residential areas in Pune, the location has established […]
Godrej Properties acquires 7-acres land parcel in Bengaluru’s Indiranagar extension
NEW DELHI: Godrej Properties Ltd. (GPL),one of India’s leading real estate developers, today announced that it has acquired a land parcel that is strategically located in the immediate vicinity of Indiranagar and is close to the Old Airport Road and within the Outer Ring Road limits. Spread across approximately 7-acres, the project is estimated to […]
Godrej Properties expands into NCR,buys 50 acres of land in Sonipat, Haryana
NEW DELHI: The Mumbai-based developer said that it has acquired approximately 50 acres of land in Sonipat, Haryana, which will offer approx. 1 million sq. ft. of plotted residential development, plot sizes and lifestyle amenities. This project will offer approximately 1 million sq. ft. of plotted residential development, offering attractive plot sizes along with exceptional […]
Godrej Properties commits $700-900 million investment in last 3 years; remains bullish on growth
NEW DELHI: Realty firm Godrej Properties Ltd has committed investments worth $700-900 million in the last three years and continues to be extremely bullish on the Indian real estate sector, a senior company official said. Addressing a CII-Anarock conference, Godrej Properties Ltd (GPL) MD and CEO Mohit Malhotra said the company is looking to form […]
Godrej Properties clocks record sales bookings of Rs 6,725 crore in FY21
NEW DELHI: Realty firm Godrej Properties’ sales bookings grew by 14 per cent to an all-time high of Rs 6,725 crore during the last financial year, despite a slowdown in the property market due to the pandemic. In an investor presentation, the Mumbai-based company said it has achieved sales bookings of more than Rs 1,300 […]
Godrej Properties sells 275 flats worth Rs 475 crore in a day in Noida
NEW DELHI: Realty firm Godrej Properties Ltd on Friday said it has sold over 275 flats worth Rs 475 crore within one day at its new housing project at Noida. Mumbai-based Godrej Properties entered the NCR market in 2010 and has so far added 17 projects across five cities. Six projects have already been delivered. […]
Godrej Properties Q2 net drops 80% to Rs 7.1 crore
NEW DELHI: Realty firm Godrej Properties on Tuesday reported a 78 percent fall in its consolidated net profit at Rs 7.10 crore for the quarter ended September. Its net profit stood at Rs 31.57 crore in the year-ago period. Total income also fell to Rs 250.23 crore in the second quarter of this fiscal year […]
Godrej Properties acquires 20-acre land in Mumbai to develop housing project
NEW DELHI :Realty firm Godrej Properties on Wednesday said it has agreed to acquire 20 acres of land in Kalyan, Mumbai, to develop a housing project. Godrej Properties, which is a real estate arm of the business conglomerate Godrej group, said in a regulatory filing that it has “entered into an agreement to acquire a […]
Godrej Properties raises Rs 2,100 crore equity capital via QIP
NEW DELHI: Godrej Properties on Saturday said it has raised Rs 2,100 crore by issuing equity shares to qualified institutional buyers (QIBs). The QIP committee of the board of directors at its meeting held on Saturday approved the issue and allotment of over 2.26 crore equity shares to eligible qualified institutional buyers at the issue […]
Godrej Properties cuts net debt by half in one year
NEW DELHI: Realty firm Godrej Properties has reduced its net debt by 51 per cent in last one year to Rs 1,539 crore mainly with the help of better sales bookings. The net debt of Gordej Properties — the real estate arm of Godrej group — stood at Rs 1,539 crore as on September 30, […]