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Acquisitions, launch pipeline offer Godrej Properties revenue visibility

Muted near term cash flows, increase in debt and valuations to cap upside

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The company recently acquired an 18-acre parcel of land in Whitefield, Bengaluru, which will offer 2.4 million sq ft of saleable area.

Ram Prasad Sahu
Godrej Properties has been a key beneficiary of the rebound in residential demand over the past few quarters and the consolidation in the sector. Its strong brand name and execution track record has helped it rapidly scale up its presence in each of its four key markets of Mumbai region, Pune, National Capital Region and Bengaluru. 

Analysts believe branded developers in key residential markets will continue to gain market share as demand remains healthy, led by lower home loan rates, stamp duty reduction, discounts and pent-up demand. Manish Agrawal of JM Financial says the consolidation theme is getting accelerated and

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First Published: Dec 15 2020 | 7:40 PM IST

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