On the Nifty Midcap 100, Hindustan Petroleum stock was the top loser, down 4.35 per cent at ₹334.35 per cent
Godrej Properties Ltd has bought a 44-acre land in Coimbatore to develop a housing project with an estimated revenue of Rs 450 crore. In a regulatory filing on Friday, the company informed that it has acquired the land parcel through an outright purchase and will launch housing plots in this upcoming project. "The company plans to develop a premium plotted residential project with a developable potential of 1.1 million square feet and an estimated revenue potential of Rs 450 crore," it added. Godrej Properties did not share the land cost. Gaurav Pandey, MD & CEO of Godrej Properties, said the company's entry into Coimbatore property market aligns with its strategy of expanding into high-potential cities across India for plotted development. "Coimbatore's strong economic base and resilient end-user demand make it a compelling market. We look forward to developing a high-quality plotted community that strengthens our presence in South India," he said. Godrej Properties is one of th
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Godrej Properties acquires an 11-acre land parcel in Gurugram and secures a 5-acre plot in Kolkata; the two residential projects together are expected to generate ₹6,150 crore in revenue
In the past one month, the realty index has tanked 10 per cent, as against 6 per cent fall in the BSE Sensex.
India's housing market continues to be strong with steady growth in sales volume as well as pricing, Godrej Properties Executive Chairperson Pirojsha Godrej said, ruling out any concern on the demand side. In an interview with PTI, he noted that the housing market has stabilised after witnessing a crazy growth for a couple of years post-COVID pandemic. Pirojsha exuded confidence that the company would easily achieve its Rs 32,500 crore target of sales bookings for this fiscal. The company would also meet the annual guidance in other key metrics -- collection of funds from customers, deliveries of projects, launches and business development (addition of land parcels for future projects), he said. "Housing market as a whole is holding up. Lots of talk about market softening...But what we are seeing continues to be quite strong," Pirojsha said and highlighted the company's strong sales bookings during the last calendar year across all major cities including Mumbai Metropolitan Region
Godrej Properties reported a 23 per cent increase in its consolidated net profit to ₹193.87 crore for the quarter ended December, despite lower income
Realty firm Godrej Properties Ltd on Thursday reported a 23 per cent increase in its consolidated net profit to Rs 193.87 crore for the quarter ended December despite lower income. Its net profit stood at Rs 158.20 crore in the year-ago period. Total income declined to Rs 1,033.84 crore during the third quarter of this fiscal from Rs 1,239.97 crore in the corresponding period of the preceding year, according to a regulatory filing. Godrej Properties, one of the leading real estate developers in the country, has a strong presence in Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR. It has also entered the Hyderabad market recently.
Godrej Properties said it has sold over 600 plots worth more than ₹1,000 crore at its Evora Estate project in Panipat, marking its most successful plotted development launch by value
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Planned across 2.63 acres, the project offers three-bedroom and four-bedroom residences with three apartments per floor
The real estate developer plans group housing on the land parcel in the Mahalunge-Hinjewadi micro-market, with a developable potential of about 2.1 million sq ft
Bata India, Indian Hotels, IGL, MGL, Just Dial, Kalyan Jewellers, Jubilant FoodWorks, Oberoi Realty, Mankind Pharma and Suzlon Energy have hit their respective 52-week lows.
Nifty Realty index correction: The fall in real estate stocks comes after two years of rally that saw the Nifty Realty index climb 34.39 per cent in 2024 and 81.34 per cent in 2023
Thus far in the month of January 2026, the Smallcap index has underperformed the market by falling 6.3 per cent, as compared to 2.8 per cent decline in the BSE Sensex.
In the past two weeks, the BSE Realty index has slipped 10 per cent, as against a 2.5 per cent decline in the BSE Sensex.
The company sold 16,428 homes with a total saleable area of 27.26 million square feet (msf), driven by 41 project launches across India during the year
Real-estate stocks in focus: However, in the past six months, Nifty Realty index has underperformed the market by falling 7.4 per cent, as against 2.1 per cent rise in the Nifty 50.
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In the past one month, the realty index has tanked 8 per cent, as against 2 per cent rise in the Nifty 50.