Explore Business Standard
Godrej Properties'
Godrej Properties Ltd has bought a 44-acre land in Coimbatore to develop a housing project with an estimated revenue of Rs 450 crore. In a regulatory filing on Friday, the company informed that it has acquired the land parcel through an outright purchase and will launch housing plots in this upcoming project. "The company plans to develop a premium plotted residential project with a developable potential of 1.1 million square feet and an estimated revenue potential of Rs 450 crore," it added. Godrej Properties did not share the land cost. Gaurav Pandey, MD & CEO of Godrej Properties, said the company's entry into Coimbatore property market aligns with its strategy of expanding into high-potential cities across India for plotted development. "Coimbatore's strong economic base and resilient end-user demand make it a compelling market. We look forward to developing a high-quality plotted community that strengthens our presence in South India," he said. Godrej Properties is one of th
Godrej Properties Ltd has bought a 44-acre land in Coimbatore to develop a housing project with an estimated revenue of Rs 450 crore. In a regulatory filing on Friday, the company informed that it has acquired the land parcel through an outright purchase and will launch housing plots in this upcoming project. "The company plans to develop a premium plotted residential project with a developable potential of 1.1 million square feet and an estimated revenue potential of Rs 450 crore," it added. Godrej Properties did not share the land cost. Gaurav Pandey, MD & CEO of Godrej Properties, said the company's entry into Coimbatore property market aligns with its strategy of expanding into high-potential cities across India for plotted development. "Coimbatore's strong economic base and resilient end-user demand make it a compelling market. We look forward to developing a high-quality plotted community that strengthens our presence in South India," he said. Godrej Properties is one of th
Realty firm Godrej Properties Ltd has partnered with a landowner to develop an 18-acre housing project in the Mumbai region with an estimated revenue potential of over Rs 7,500 crore, as part of its expansion plan. In a regulatory filing on Monday, the Mumbai-based company informed that it has "entered into a joint development agreement to develop an 18-acre land parcel in Thane, Mumbai. The company did not name the landowner with whom it has signed the agreement. "The proposed development will be a largely residential project with an estimated revenue potential of over Rs 7,500 crore," it said. To expand its business, Godrej Properties buys land outright and also enter into joint development arrangement with landowners to develop housing projects. Gaurav Pandey, MD & CEO of Godrej Properties, said, "Strategic expansions in high-potential micro- markets are central to our growth strategy and our focus on creating enduring value for homebuyers." Thane has evolved into one of the .
Realty firm Godrej Properties Ltd has partnered with a landowner to develop an 18-acre housing project in the Mumbai region with an estimated revenue potential of over Rs 7,500 crore, as part of its expansion plan. In a regulatory filing on Monday, the Mumbai-based company informed that it has "entered into a joint development agreement to develop an 18-acre land parcel in Thane, Mumbai. The company did not name the landowner with whom it has signed the agreement. "The proposed development will be a largely residential project with an estimated revenue potential of over Rs 7,500 crore," it said. To expand its business, Godrej Properties buys land outright and also enter into joint development arrangement with landowners to develop housing projects. Gaurav Pandey, MD & CEO of Godrej Properties, said, "Strategic expansions in high-potential micro- markets are central to our growth strategy and our focus on creating enduring value for homebuyers." Thane has evolved into one of the .
India's housing market continues to be strong with steady growth in sales volume as well as pricing, Godrej Properties Executive Chairperson Pirojsha Godrej said, ruling out any concern on the demand side. In an interview with PTI, he noted that the housing market has stabilised after witnessing a crazy growth for a couple of years post-COVID pandemic. Pirojsha exuded confidence that the company would easily achieve its Rs 32,500 crore target of sales bookings for this fiscal. The company would also meet the annual guidance in other key metrics -- collection of funds from customers, deliveries of projects, launches and business development (addition of land parcels for future projects), he said. "Housing market as a whole is holding up. Lots of talk about market softening...But what we are seeing continues to be quite strong," Pirojsha said and highlighted the company's strong sales bookings during the last calendar year across all major cities including Mumbai Metropolitan Region
Realty firm Godrej Properties Ltd on Thursday reported a 23 per cent increase in its consolidated net profit to Rs 193.87 crore for the quarter ended December despite lower income. Its net profit stood at Rs 158.20 crore in the year-ago period. Total income declined to Rs 1,033.84 crore during the third quarter of this fiscal from Rs 1,239.97 crore in the corresponding period of the preceding year, according to a regulatory filing. Godrej Properties, one of the leading real estate developers in the country, has a strong presence in Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR. It has also entered the Hyderabad market recently.
Realty firm Godrej Properties Ltd on Friday said it has bought 8.5 acre land to build a housing project with an estimated revenue of Rs 2,000 crore. In a regulatory filing, Godrej Properties informed that it has acquired a 8.5-acre land parcel through outright purchase at Mahalunge, Pune. "The proposed development will primarily comprise group housing and is expected to offer a developable potential of approximately 2.1 million square feet, with an estimated revenue potential of Rs 2,000 crore," the company said. Gaurav Pandey, MD & CEO, Godrej Properties, said, "Pune is one of India's most vibrant urban centers, driven by robust infrastructure development and thriving commercial hubs." Godrej Properties, one of the leading real estate developers in the country, is acquiring land parcels for future developments. The company has a strong presence in Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR. It has also entered the Hyderabad market recently.