Slew of launches, robust pipeline to drive growth for Godrej Properties

With inventory levels still declining, and pricing strong, developers are pushing for new launches in 3Q to capitalize on the demand, says Jefferies Research

The stock of the country’s third-largest listed player by market capitalisation, Godrej Properties, is up 27 per cent over the last three months and is trading at Rs 2,005 apiece.

Strong performance in the September quarter, which saw the company post its highest-ever quarterly sales, new project additions and hopes of improvement in cash flows led to the rally.

Even though the stock has given handsome returns, it still trails the peer index, BSE Realty, which has delivered returns of 31 per cent during this period. 

Pritesh Sheth and Sourabh Gilda of Motilal Oswal Research believe the buoyancy in the