Page 4 - Godrej Properties

Godrej Properties acquires 16-acre parcel in Pune, eyes Rs 3,100 cr revenue

The 16-acre parcel in Pune's Upper Kharadi will support premium housing and retail, marking Godrej Properties' second acquisition in the region this month

Godrej Properties share price pops 2% on acquiring land parcel in Pune

Godrej Properties shares rose after the company announced the acquisition of an approximately 16-acre land parcel in Upper Kharadi, Pune.

Godrej Properties to develop Rs 3,100 cr housing-cum-retail project in Pune

Realty firm Godrej Properties Ltd has acquired 16-acre land in Pune to develop a housing-cum-retail project with an estimated revenue of Rs 3,100 crore. In a regulatory filing on Tuesday, the company informed it will develop about 16-acre land parcel in Upper Kharadi, Pune. "The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of about 2.5 million square feet with an estimated revenue potential of around Rs 3,100 crore," Godrej Properties said. This is the company's second land acquisition this month in the Kharadi-Wagholi belt, taking the estimated cumulative revenue potential from the two developments to about Rs 7,300 crore. The company did not mention whether the acquisition of this land parcel is through outright purchase or partnership with the landowner. Gaurav Pandey, MD and CEO, Godrej Properties, said,"Upper Kharadi has rapidly emerged as one of Pune's most promising real estate .

Godrej to build homes on 14-acre Bengaluru plot, eyes ₹1,500 cr revenue

The proposed development is expected to offer approximately 1.5 million square feet of saleable area, the company noted

Godrej to build homes on 14-acre Bengaluru plot, eyes ₹1,500 cr revenue

The proposed development is expected to offer approximately 1.5 million square feet of saleable area, the company noted

Godrej Properties acquires 14-acre land in Bengaluru for ₹1,500 cr project

Realty firm Godrej Properties Ltd has acquired 14-acre land in Bengaluru to develop a premium housing project with an estimated revenue of Rs 1,500 crore. In a regulatory filing on Monday, the company informed it will develop a premium residential project on a strategically located 14-acre land parcel in Hoskote, East Bengaluru. "The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore," it added. Godrej Properties said this acquisition further solidifies the company's continued expansion in East Bengaluru. The company did not share the land acquisition cost. Gaurav Pandey, MD and CEO, Godrej Properties, said, Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities." Earlier this month, Godrej Properties acquired 14-acre land i

Godrej Properties acquires 14-acre land in Bengaluru for ₹1,500 cr project

Realty firm Godrej Properties Ltd has acquired 14-acre land in Bengaluru to develop a premium housing project with an estimated revenue of Rs 1,500 crore. In a regulatory filing on Monday, the company informed it will develop a premium residential project on a strategically located 14-acre land parcel in Hoskote, East Bengaluru. "The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore," it added. Godrej Properties said this acquisition further solidifies the company's continued expansion in East Bengaluru. The company did not share the land acquisition cost. Gaurav Pandey, MD and CEO, Godrej Properties, said, Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities." Earlier this month, Godrej Properties acquired 14-acre land i

Godrej acquires 14-acre land in Pune to build project worth Rs 4,200 cr

Realty firm Godrej Properties Ltd has acquired a 14-acre land in Pune to develop a housing project with a revenue potential of Rs 4,200 crore as part of its expansion plan. In a regulatory filing on Monday, Godrej Properties said it will develop the 14-acre land parcel in Kharadi - Wagholi, Pune. The development on this land will comprise primarily premium group housing. "The project will have a developable potential of 3.7 million square feet with an estimated revenue potential of Rs 4,200 crore," the company said. Gaurav Pandey, MD & CEO, Godrej Properties, said, "Kharadi - Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India." "We will aim to build a high-quality development that creates long-term value for its residents," Pandey said. Mumbai-based Godrej Properties is one of

Godrej Properties to launch projects worth Rs 40K cr in FY26: Chairman

Godrej Properties plans to launch housing projects worth Rs 40,000 crore, as the company aims to increase market share and retain its position as the top listed real estate firm in terms of sales bookings. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej noted that the housing demand continues to be strong despite global economic uncertainties, and cited the company's performance in the last fiscal, where it achieved record sales bookings of Rs 29,444 crore, the highest among listed entities. "So, overall, I am very happy with the company's performance in FY25, and I think, key is now to maintain this momentum in the current financial year," Pirojsha told PTI. He said the company would continue to invest in land acquisition and development works to expand its business and increase market share. "We raised Rs 6,000 crore in October last year through QIP (Qualified Institutional Placement). That Rs 6,000 crore plus Rs 7,500 crore operating cash flow .

Godrej Properties to launch projects worth Rs 40K cr in FY26: Chairman

Godrej Properties plans to launch housing projects worth Rs 40,000 crore, as the company aims to increase market share and retain its position as the top listed real estate firm in terms of sales bookings. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej noted that the housing demand continues to be strong despite global economic uncertainties, and cited the company's performance in the last fiscal, where it achieved record sales bookings of Rs 29,444 crore, the highest among listed entities. "So, overall, I am very happy with the company's performance in FY25, and I think, key is now to maintain this momentum in the current financial year," Pirojsha told PTI. He said the company would continue to invest in land acquisition and development works to expand its business and increase market share. "We raised Rs 6,000 crore in October last year through QIP (Qualified Institutional Placement). That Rs 6,000 crore plus Rs 7,500 crore operating cash flow .

Amazon India leases 94,000 sq ft office space in Mumbai's Vikhroli

Amazon India entities lease 94,254 sq ft in Godrej Two, Vikhroli East for ₹1.73 crore monthly rent with no security deposit and 5 per cent annual rent escalation

Godrej Properties Q4 results: Net profit falls 19% amid surge in expenses

Despite 93 per cent full-year profit growth, Godrej Properties' Q4 profit fell 19 per cent YoY due to a sharp 54 per cent increase in expenses led by material consumption costs

Godrej Properties Q4 profit down 19% at Rs 382 cr; plans to raise Rs 2K cr

Realty firm Godrej Properties on Friday reported a 19 per cent decline in its consolidated net profit to Rs 381.99 crore for the latest March quarter despite higher income and announced plans to raise debt up to Rs 2,000 crore. Its net profit stood at Rs 471.26 crore in the year-ago period. Total income increased to Rs 2,681.06 crore in the fourth quarter of the last fiscal year from Rs 1,914.82 crore in the corresponding period of the preceding year, according to a regulatory filing. During the January-March quarter, the company's tax outgo rose to nearly Rs 190 crore while it incurred a loss of Rs 35.36 crore in some joint ventures. However, Godrej Properties net profit rose 93 per cent to Rs 1,399.89 crore during 2024-25 from Rs 725.27 crore in the preceding fiscal. Total income grew to Rs 6,967.05 crore last fiscal from Rs 4,334.22 crore in the 2023-24 fiscal. The board also approved raising of up to Rs 2,000 crore fund, by issue of Non-Convertible Debentures, Bonds, and/ or

Macrotech, Godrej Properties gain up to 6%, Realty index up 4%; here's why

BSE Realty Index rose as much as 3.66 per cent to 6,989.6 on Wednesday, the best session for the index since April 15

Navi Mumbai International Airport poised to drive real estate growth

The average residential property rates in Navi Mumbai increased by 23 per cent year-on-year (Y-o-Y) in 2024 to ₹10,810 per square foot (psf)

Street gives a thumbs up to Godrej Properties' strong Q4 bookings

A comparison of guidance and reported data indicates that GPL will surpass guidance in FY25, with record pre-sales bookings, higher Business Development and area delivered

Godrej Properties records highest-ever Q4, full-year bookings in FY25

At bookings worth Rs 10,163 crore, the company saw a 7% rise year-on-year in the fourth quarter. Booking for the whole FY25 were worth Rs 29,444 crore, up 31%

Godrej Properties records highest-ever Q4, full-year bookings in FY25

At bookings worth Rs 10,163 crore, the company saw a 7% rise year-on-year in the fourth quarter. Booking for the whole FY25 were worth Rs 29,444 crore, up 31%

Godrej Properties Q4 sales bookings up 7% at Rs 10,163 cr on strong demand

Realty firm Godrej Properties on Tuesday reported a 7 per cent growth in sales bookings to record Rs 10,163 crore in the fourth quarter of last fiscal on better demand for its housing projects. The company's sales bookings or pre-sales increased 31 per cent to Rs 29,444 crore in the full 2024-25 fiscal year, according to a regulatory filing. With sales bookings of nearly Rs 30,000 crore, Godrej Properties is likely to emerge as the largest listed real estate company in the 2024-25 fiscal year in terms of sales bookings. DLF is India's largest real estate company in terms of market capitalisation. Godrej Properties said its latest March quarter sales booking value grew 7 per cent annually to Rs 10,163 crore. This was achieved through the sale of 3,703 homes with a total area of 7.52 million square feet. "This is the highest ever quarterly booking value achieved by Godrej Properties," the filing said. This is also the 7th consecutive quarter in which the company has delivered more

Godrej Properties climbs 5% on record bookings in Q4; tops FY25 guidance

Godrej Properties share price: Godrej Properties said it achieved 109 per cent of its annual guidance for booking value for FY25