Page 19 - Godrej Properties
Godrej Properties turns to 'outright land buys' as prices decline
Sensing the distress opportunities, Godrej Properties has been creating a war-chest to acquire land parcels.
 "Godrej Properties turns to 'outright land buys' as prices decline")
Godrej Properties buys land in Bengaluru for 1.6 mn sq ft housing project
Acquires 15 acres for undisclosed sum in Sarjapur, a preferred locations with good connectivity to Outer Ring Road and several other key hubs of the city
 "Godrej Properties buys land in Bengaluru for 1.6 mn sq ft housing project")
Top headlines: Wipro Q2 profit dips, GoAir pilots stop P&W engine mid-air
From Wipro reporting decline in Q2 profit year-on-year, Godrej Properties buying land in Bengaluru to J&J pausing Covid vaccine, Business Standard brings you top news of the evening
 "Top headlines: Wipro Q2 profit dips, GoAir pilots stop P&W engine mid-air")
Godrej Properties to maintain growth; new launches treble in 6 years
Falling operating cash flows could make it difficult to meet return on equity target, say analysts
 "Godrej Properties to maintain growth; new launches treble in 6 years")
Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts
After Maharashtra, analysts expect more states slash stamp duty rates. According to Jefferies, the state governments to watch out for will be Karnataka (Bangalore) and Haryana (Gurgaon)
 "Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts")
Godrej Properties, DLF: How to trade real estate stocks post stamp duty cut
Price-volume trend indicates a further upside for realty stocks
 "Godrej Properties, DLF: How to trade real estate stocks post stamp duty cut")
Top realtors see spurt in take-over proposals for stressed office projects
So far, there were opportunities in stalled residential projects for top developers like Godrej Properties
 "Top realtors see spurt in take-over proposals for stressed office projects")
Collections, cash flows of top-3 realtors hit in Q1 as buyers stay away
Construction grinds to a halt in April and May; realtors, analysts expect improvement in coming quarters
 "Collections, cash flows of top-3 realtors hit in Q1 as buyers stay away")
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 posts Rs 20.23 cr loss in Q1; income dips to Rs 195.66 cr
Total income also declined to Rs 195.66 crore in the first quarter of the fiscal, from Rs 713.84 crore last year
 "Godrej Properties posts Rs 20.23 cr loss in Q1; income dips to Rs 195.66 cr")
Godrej Properties, Oberoi Realty eye bigger share despite market slump
Godrej Properties is prepared to withstand the downturn in the sector and capture opportunities that arise due to the crisis, said its chairman Pirojsha Godrej in the company's latest annual report
 "Godrej Properties, Oberoi Realty eye bigger share despite market slump")
DIC India zooms 16% on receiving first tranche of payment for land sale
Shares of Godrej Properties also rose as much as 3.32 per cent on the BSE
 "DIC India zooms 16% on receiving first tranche of payment for land sale")
Homebuyers enjoy clear-cut financial gain with deferred payment plans
Ensure the price isn't higher than a construction-linked plan
 "Homebuyers enjoy clear-cut financial gain with deferred payment plans")
Central banks may be forced to sell gold; India at risk: Chris Wood
According to reports, official gold reserves in India totaled 653 tonnes at the end of March 2020, while those in Saudi totaled 323 tonnes.
 "Central banks may be forced to sell gold; India at risk: Chris Wood")
Adani, GMR among firms keen on revamping Nellore, Tirupati railway stations
Both stations will be redeveloped in PPP mode and based on the design, build, finance, operate transfer (DBFOT) model
 "Adani, GMR among firms keen on revamping Nellore, Tirupati railway stations")
Godrej Properties Q4 PBT falls 23% on five-fold spike in raw material cost
Revenue up 10%, firm claims it posted its best-ever quarterly performance in terms of value of real estate sold
 "Godrej Properties Q4 PBT falls 23% on five-fold spike in raw material cost")
Won't cut flat price after lockdown is lifted: Godrej Properties MD
In a Q&A, Mohit Malhotra says his firm used technology to boost sales during lockdown and explains how consolidation in the industry will help the company once the curbs are lifted
 "Won't cut flat price after lockdown is lifted: Godrej Properties MD")
Lockdown woes: Property developers bank on online tools to generate sales
March quarter has already seen a 30 per cent drop in residential sales and the whole year is expected to see a similar drop in sales and generating sales is crucial to developers
 "Lockdown woes: Property developers bank on online tools to generate sales")
New launches help Godrej Properties end Q4 on a high note despite lockdown
Bookings at Rs 2,380 cr were twice that of the October-December period, 10% higher than year-ago quarter as firm used online sales heavily to post highest ever quarterly sales
 "New launches help Godrej Properties end Q4 on a high note despite lockdown")
Godrej Properties buys 44 acres of land in Haryana's Faridabad from BPTP
Godrej Properties has entered the Faridabad property market with the acquisition of this land parcel
 "Godrej Properties buys 44 acres of land in Haryana's Faridabad from BPTP")
