Pirojsha Godrej

Godrej Properties continues to be bullish about housing demand and will acquire this fiscal year multiple land parcels with a total revenue potential of around Rs 30,000 crore, a top company official said. Godrej Properties is aggressively acquiring land parcels outright and also partnering land owners to expand its business. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said the company's business development, which means new land acquisition, has been pretty strong during the first six months of this fiscal and the pipeline for the second half also looks attractive. Godrej Properties recently announced that the company has surpassed the business development guidance of Rs 20,000 crore for the current fiscal. Pirojsha said the company keeps business development target conservative to avoid any pressure on the internal team for land acquisitions. "Land market has heated up. But, we should do at least Rs 30,000 crore GDV (gross development value

Godrej Properties will meet or may even exceed its pre-sales target of Rs 32,500 crore for this fiscal, as the housing demand environment continues to be "attractive", a top company official said. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej exuded confidence that the company would achieve annual guidance across key metrics -- pre-sales or sales bookings, collections from customers, deliveries, new project launches, and land acquisitions. On the company's second quarter performance, he said, "I think, overall market is holding up well. The demand environment continues to be quite attractive". Pirojsha said the company's pre-sales grew 13 per cent in the first six months of this fiscal to Rs 15,587 crore from Rs 13,835 crore in the year-ago period. "We have already achieved about 48 per cent of our full-year guidance. Now, if you look at past years, typically, the second half is always quite a bit stronger than the first half. So, we are very ...

Company's revenue from operations for the quarter stood at Rs 1,093.23 crore, 3.2x from year-ago period

Adi Godrej family gets control of listed entities while cousin Jamshyd to own Godrej & Boyce and land bank

In the statement, the Godrej family termed the split as 'an ownership realignment' of the shareholdings in the Godrej companies

Realty firm Godrej Properties will meet its target to sell properties worth Rs 14,000 crore this fiscal year as it expects strong demand for ongoing and upcoming housing projects, its Executive Chairperson Pirojsha Godrej said. Godrej Properties, the real estate arm of Godrej Group, had sold properties worth Rs 12,232 crore in the previous fiscal. In an interview with PTI, Pirojsha Godrej said the company is focusing on the launch and timely execution of new housing projects across major cities. "We are confident of meeting the annual guidance of Rs 14,000 crore of sales bookings. Hopefully, we can do better," he said when asked about the company's sales performance. The company has achieved 48 per cent growth in its sales bookings to Rs 7,288 crore during the April-September period of 2023-24 fiscal from Rs 4,929 crore in the year-ago period. Pirojsha noted that the company has an aggressive launch pipeline in the second half of this fiscal in four focus markets -- Delhi-NCR, Mum

Industry executives said that the two arms of the Godrej family are likely to finalise the formal split of business verticals

Company says it has added 6 new projects with a total saleable area of 6.34 million sq ft

Recently, Godrej Properties Ltd reported that its consolidated net profit in December quarter nearly trebled to Rs 38.95 crore

Zia Mody, Cyrill Shroff to advice on legal matters

Godrej Properties has rejigged its Mumbai management team and brought in a new chief executive

Company plans to scale up business after second quarter

The company said it recorded the highest ever quarterly collection of Rs 2,041 crore

It is challenging, but the team is doing very well and these launches are in different cities, said Godrej

Acquires 15 acres for undisclosed sum in Sarjapur, a preferred locations with good connectivity to Outer Ring Road and several other key hubs of the city

In a Q&A, the chairman of Godrej Properties says collections, which are linked to construction milestones, have also improved

Pirojsha Godrej says company will look at both organic and inorganic opportunities for growth, is bullish on medium and long-term prospects for residential real estate

Revenue up 10%, firm claims it posted its best-ever quarterly performance in terms of value of real estate sold

Their strategy is currently contrarian to the market, where developers are cutting on launches and preferring to clear existing stock, to generate cash and repay dues.

Real estate is a cyclical industry and adjusting the supply of projects is not very easy, unlike in manufacturing, says Godrej