Real estate to be one of fastest growing sectors in India: Pirojsha Godrej

There is every chance that real estate will be one of the fastest growing sectors in India

At a time when residential real estate is facing a steady decline in sales, Godrej Properties (GPL) has turned an outlier, recording healthy sales and earnings growth. Using the strength of its balance sheet, it has also become a leading consolidator. Pirojsha Godrej, chairman of the company, spoke to Raghavendra Kamath and Abhineet Kumar on the company’s future plans. Edited Excerpts:

GPL added 13 million sq ft in new projects last quarter. How has been the progress in this quarter?

We have not announced anything yet. But, a lot of discussions are underway. The second half should also see the kind of