Godrej Properties boosts its product pipeline

Consolidation & execution helping it to add projects, increase sales

The stock of Godrej Properties gained about 24 per cent over the last month on account of strong sales in the June quarter and brokerage upgrades. The realty index, however, remained flat during this period.
 
Besides, the company continues to build a project pipeline that gives visibility in revenues. The latest trigger for the company is its two projects in Bengaluru.
 
The company through a joint venture and development agreement will develop 66 acres of land with a saleable area of just over six million square feet. Including these two, the company is developing 15 projects in the