Godrej Properties seeing reasonable valuations in JVs, says chairman

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

Godrej Properties is seeing more reasonable expectations from its partners in joint development or joint venture proposals, said its chairman Pirojsha Godrej in a video call with journalists today.

"Many developers were facing challenging situations even before the Covid. The current situation is increasing opportunities and we are well-placed to use them," Godrej said.

The company raised Rs 1,000 crore via non-convertible debentures recently.

On the use of funds, he said: "We have acquired many land parcels and signed JDs. We have to launch them. We are looking at new opportunities and investing in them," he said.

He said the