Page 20 - Godrej Properties

We have a strong launch pipeline: Godrej Properties MD Mohit Malhotra

Mohit Malhotra, managing director of the company, tells Business Standard how the company is going ahead with its plans

Godrej Properties purchases 3 acre land in Mumbai for Rs 153 crore

Godrej Properties has bought about 3 acre land parcel in Mumbai from DIC India Ltd for Rs 153 crore. The company said in a statement that ithas "entered into an agreement to purchase land in the upcoming & fast developing micro-market of Chandivali, Mumbai." Spread across about 3 acres, this project will offer 0.45 million square feet of saleable area primarily comprising residential apartments with a small amount of retail space. Separately, DIC India said in a regulatory filing that its boardhas approved the sale of land located atChandivali. The consideration of this land parcel is up to Rs 153 crore to be paid in three tranches, the filing added. Earlier this month, Godrej Propertiesacquired nearly 27 acre land parcel in the national capital for Rs 1,359 crore to develop luxury housing project.

Realty uptick: Top rated companies see bookings rise 2% to Rs 5,800 cr

Sales bookings of DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Kolte Patil have been taken into account

Godrej Properties buys 27 acre land in Delhi for luxury housing project

This is Godrej Properties' second project in Delhi after the launch of Godrej South Estate in Okhla in 2019

NGT quashes eco-clearance for Godrej residential project in Bengaluru

NGT was hearing a plea by Bengaluru resident against the construction of Godrej Reflections at Kasavanahalli village

Market Wrap, Feb 3: Sensex gains 137 pts, Nifty ends above 11,700

Market breadth remained in favour of declines as out of 2,645 companies traded on the BSE, 966 advanced and 1,495 declined while 184 remained unchanged

Godrej Properties surges 10%, erases Budget day losses on strong Q3 results

The management said the ongoing consolidation in the sector provides Godrej Properties a tremendous opportunity to drive market share growth in residential real estate.

Piramal Realty to foray into development management biz, value housing

Under development management, a developer takes care of the design, construction, marketing, and sales of a project for a fee from the original landowner/developer

New project sales boost growth prospects of Godrej Properties stock

Most of the firm's projects, to be launched in H2FY20 and FY21 in Mumbai, are in the luxury and premium segment

Facing liquidity issues, big realtors eye new development management models

Godrej signed a similar deal with a Bengaluru-based developer recently. In the new version of DM, Godrej may or may not charge a fee, as it's a 50 per cent partner in the project

With Rs 3,000 cr cash in hand, Godrej eyes properties in prime locations

Their strategy is currently contrarian to the market, where developers are cutting on launches and preferring to clear existing stock, to generate cash and repay dues.

Chris Wood cuts India exposure; DLF replaces Godrej Properties in portfolio

Besides India, weightage of Indonesia, Thailand and Vietnam has also been cut by one percentage point each. On the other hand, exposure to Korea has been increased by 5 percentage points

Godrej Properties adds three new projects in Mumbai, one in Bengaluru

GPL has entered into a joint venture to develop a township project of over 100 acres in the well-established and growing residential market of Navi Mumbai

Home prices will remain flattish for another year, says Pirojsha Godrej

Real estate is a cyclical industry and adjusting the supply of projects is not very easy, unlike in manufacturing, says Godrej

9 listed housing firms' combined sales up 11% at Rs 5,300 cr in Q1: Anarock

According to the Anarock report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19

Govt's Rs 25,000 cr realty push: Here's why most analysts remain cautious

The Union Cabinet has approved the setting up of an AIF to revive around 1,600 stalled housing projects across top cities in the country.

Realty, NBFC, Cement: Select stocks from these sectors set to rise over 10%

While the development is a step in the right direction as regards the real estate sector, non-bank fiannce companies (NBFCs) and the cement sector, too, will reap benefits, some experts say

Godrej Properties raises Rs 2,100 cr by issuing equity shares to QIP

The issue had opened on June 25 and closed on June 28, 2019.

Real estate shares in focus; Godrej Properties hits record high

At 11:21 am, the Nifty Realty index, the largest gainer among sectoral indices, was up 2 per cent at 284, as compared to a 0.39 per cent rise in the benchmark Nifty 50 index

Godrej family hires top law firms to untangle land holdings worth Rs 20k-cr

The Godrej group owns 3,400 acres in Vikhroli, a northeastern suburb of Mumbai. Of this, about 1,000 acres can be developed