Page 15 - Godrej Properties

Godrej Properties adds 7 projects with expected sale value of Rs 9,500 cr

Mumbai-based Godrej Properties purchases land outright as well as forms partnerships with land owners for future development

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Godrej Properties' Q4 profit at Rs 260 cr; income triples to Rs 1,523 cr

Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended March 2022 on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period. Total income increased to Rs 1,522.57 crore during January-March quarter of the last fiscal year from Rs 576.08 crore in the year-ago period, according to a regulatory filing. Mumbai-based Godrej Properties posted a net profit of Rs 352.37 crore during 2021-22 fiscal year as against a net loss of Rs 189.30 crore in the previous year. Total income increased to Rs 2,585.69 crore in the last fiscal year from Rs 1,333.09 crore in 2020-21. "The real estate sector has strengthened during FY22 and we expect strong growth for the sector over the next few years. We are pleased to close the financial year with our best ever annual sales, cash collections, and earnings. With a robust launch pipeline, strong balance sheet and sectoral tailwinds, we look forward to building on this mome

Godrej Properties buys 58-acre land in Nagpur to develop housing project

Realty firm Godrej Properties Ltd on Thursday said it has acquired a 58-acre land parcel in Nagpur to develop a residential project as part of its strategy to expand business. The company, which is part of Godrej group, did not disclose the value of this land deal. The development on this land will comprise primarily of plotted residential units, the company said in a regulatory filing. The project will offer an estimated saleable area of 1.5 million square feet. "We are happy to add this new project in Nagpur to our portfolio. This fits with our strategy of strengthening our presence in key residential markets across the country," Mohit Malhotra, MD & CEO, Godrej Properties, said. The project has good connectivity to Nagpur Airport and the Nagpur - Hyderabad highway with well-established social infrastructure in the vicinity, the company said. "Nagpur has many prominent infrastructure projects like the Metro Rail project, IT and manufacturing facilities in MIHAN SEZ and Airport

Higher number of project launches, new deals positive for Godrej Properties

The gains for Godrej Properties are from new launches, are however, is factored into the price.

Godrej Properties seeks Rs 1,000 cr revenue from Mumbai new housing project

Realty firm Godrej Properties Ltd will develop a new housing project at Kandivali East in Mumbai with an estimated sales revenue of Rs 1,000 crore. In a regulatory filing, Godrej Properties on Thursday said it has extended an existing arrangements with Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar, Kandivali East. "The new project will have an estimated booking value potential of approximately INR 1,000 crore," Godrej Properties said. This project is an extension of Godrej Tranquil and Godrej Nest, and will offer about 7 Lakh square feet of saleable area. Mohit Malhotra, MD & CEO, Godrej Properties, said, "We are pleased to add this project to our portfolio. Kandivali is a developed micro-market and extending our existing projects in the location fits well with our strategy of deepening our presence in key micro markets across India. In the last few months, Godrej Properties, the largest listed realty firm during the 2020-21 ..

HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions

Loyalie had in January raised Rs 5 crore from investors, including Inflection Point Ventures, to expand and grow its business

Godrej Properties sells 855 homes worth Rs 1,650 crore in Noida project

Realty firm Godrej Properties Ltd on Thursday said it has sold 855 homes worth Rs 1,650 crore within a year of the launch of its project Godrej Woods in Noida. This includes sales of Rs 509 crore in March 2021 and Rs 1,141 crore so far in FY22, the company said in a statement. The project is located in Noida - Sector 43. Mohit Malhotra, MD & CEO, Godrej Properties, said, "Noida is an important market for us, and we will look to sustain and build on this momentum in the years ahead". Godrej Properties entered the NCR Market in 2010 and has, until now, added 18 residential, commercial and township projects across five cities, with seven projects having already been delivered and 11 in various stages of development. Earlier this week, Godrej Properties bought about 50 acres of land parcel at Sonipat in Haryana for plotted development as part of its plan to expand business across major cities. The Mumbai-based firm did not disclose the deal value and the seller's name. This is the .

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Godrej Properties commits $700-900 million investment in last three years

Godrej Properties Ltd has committed investments worth USD 700-900 million in the last three years and continues to be extremely bullish on the Indian real estate sector, a senior company official said

DLF, Godrej Properties: 5 real estate stocks you can buy for up to 11% gain

40 per cent correction in Godrej Property should see a smart 11 per cent jump now, technical charts suggest

DLF, Godrej Properties: 5 real estate stocks you can buy for up to 11% gain

40 per cent correction in Godrej Property should see a smart 11 per cent jump now, technical charts suggest

Godrej Properties plans Rs 7,500-cr investment in next 12-18 months

Recently, Godrej Properties Ltd reported that its consolidated net profit in December quarter nearly trebled to Rs 38.95 crore

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Godrej Properties expects Jan-Mar to be best-ever qtr for sales bookings

Godrej Properties expects record sales bookings during this quarter, beating the previous high of Rs 2,632 crore, driven by new launches of around 10 housing projects amid strong revival of demand.

After deal cancellation, Q4 launches key driver for Godrej Properties

Godrej Properties had disappointed the Street with muted bookings in Q3.

Real estate firm Godrej Properties calls off its deal with DB Realty

Godrej Properties has decided to cancel its plans to invest Rs 700 crore in DB Realty to acquire 10 per cent stake and set up a joint platform

Godrej Properties decides not to go ahead with DB Realty investment

The real estate firm said the decision was taken after receiving shareholders' feedback. On Friday, the company's scrip fell nearly 10% on BSE

Godrej Properties slumps 10% as board approves investment in DB Realty

In the last two trading sessions, the stock has tanked 16 per cent. The company reported a subdued December quarter as its pre-sales volumes declined 7 per cent YoY and 39 per cent on a QoQ basis.

Godrej Properties logs nearly three-fold jump in Q3 profit at Rs 39 cr

Total income increased to Rs 466.91 crore in the quarter from Rs 311.12 crore in the corresponding period of the previous year, according to a regulatory filing