Page 6 - Godrej Properties'

Godrej Properties denies violations, surprised by FIR on Chandigarh project

Godrej Properties on Wednesday said it is "surprised" over the CBI registering an FIR against the company for alleged violations of environmental rules in a completed project in Chandigarh and will take steps to protect the interest of the customers. CBI has registered an FIR against Berkeley Realtech Ltd and Godrej Estate Developers for alleged cheating and corruption in developing their project in Chandigarh in alleged violation of wildlife laws, an official had said on Tuesday. The CBI acted on the conclusions arrived in a preliminary enquiry registered in 2023 on a complaint from an under secretary at Punjab Raj Bhawan. The CBI has alleged that Berkeley Square, developed by Berkeley Realtech Ltd (now known as RSA Motors Pvt Ltd), and Godrej Eternia, developed by Godrej Estate Developers in Chandigarh's Industrial Area, had allegedly violated environmental laws. The project allegedly fall within the 10 km radius eco sensitive zones of the Sukhna Wildlife Sanctuary and the City B

Housing demand strong in major cities, but euphoria easing: Pirojsha Godrej

Demand for residential properties remains "very strong" across major cities but the euphoria seen in the last few years is mellowing down a little bit, said Pirojsha Godrej, the executive chairperson of Godrej Properties. Godrej Properties is one of the leading real estate developers in the country. It became the largest listed realty firm in 2024 in terms of sales bookings or pre-sales by selling more than Rs 28,000 crore worth of properties. In an interview with PTI, Pirojsha Godrej noted that there is no demand slowdown in the housing market, as reflected from the company's pre-sales numbers. "Am I seeing a slowdown in demand. The answer is 'No'. Because we have seen Rs 500 crore plus sales in our new housing project launches in five different cities (during the December quarter) across North, South, West and East India. That to me is pretty indicative of a very strong housing market," he said. Pirojsha added: "But, I would say that some of that euphoria is perhaps mellowing dow

India's first 3D printed villa is here: Godrej Prop builds it in 4 months

The villa, built using additive manufacturing, was completed in just four months after work began in June 2024

Listed realtors report mixed bag Q3 as home sales moderate in top cities

Project approvals slow down but most companies expect to meet their annual guidance

DLF, Sobha, Mah Life: Nifty Realty faces 24% downside risk; key levels here

The Nifty Realty index has plunged 29% from its peak, and is seen testing support at its 100-WMA for the first time since April 2023. Here are the key support levels to watch out for.

Godrej Properties bought 12 land parcels in Apr-Dec 2024: Pirojsha

Godrej Properties acquired 12 land parcels during April-December period of this fiscal to develop housing projects worth Rs 23,450 crore, and plans to buy more in the ongoing quarter to expand business amid strong consumer demand. Godrej Properties acquires land outright and also partners with landowners, under new business development. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said the "business development was very strong during December quarter". The company signed new projects with a total booking value potential of nearly Rs 11,000 crore during the third quarter of this fiscal, he said, adding the business development crossed Rs 23,000 crore during April-December. "We had guided for Rs 20,000 crore, so we've already crossed full year guidance for business development," Pirojsha said. In its latest investors presentation, Godrej Properties informed that the company has added 12 projects with a total estimated saleable area of 169 lakh .

Real estate firms dominate QIP market in 2024, raise Rs 22,320 cr: Report

Institutional investors 'extremely bullish' about sector's growth potential, it says

Mkt share of top 15 developers doubled in last 5 yrs: Godrej Properties CEO

Realty firm Godrej Properties Ltd CEO Gaurav Pandey on Tuesday highlighted that the market share of the top 15 developers has doubled in the last five years to nearly 20 per cent and expects further demand consolidation towards big branded builders in the coming years. Addressing a FICCI real estate conference here, he said the housing sector is not an easy sector to operate in. "At a very pan-India level, we are also noticing one more trend that corporate developers and top 15 developers are increasing market share. So, in the last five years, the market share has doubled for them and currently stands at about 19 per cent. "I think this will increase, especially three years from today, when maybe the market might slow down because demand aggregation happens whenever there's some sort of market slowdown," Pandey said. He highlighted that the last calendar year was very exciting for the residential segment of the Indian real estate sector. "In 2024, the residential real estate in I

Mkt share of top 15 developers doubled in last 5 yrs: Godrej Properties CEO

Realty firm Godrej Properties Ltd CEO Gaurav Pandey on Tuesday highlighted that the market share of the top 15 developers has doubled in the last five years to nearly 20 per cent and expects further demand consolidation towards big branded builders in the coming years. Addressing a FICCI real estate conference here, he said the housing sector is not an easy sector to operate in. "At a very pan-India level, we are also noticing one more trend that corporate developers and top 15 developers are increasing market share. So, in the last five years, the market share has doubled for them and currently stands at about 19 per cent. "I think this will increase, especially three years from today, when maybe the market might slow down because demand aggregation happens whenever there's some sort of market slowdown," Pandey said. He highlighted that the last calendar year was very exciting for the residential segment of the Indian real estate sector. "In 2024, the residential real estate in I

Godrej Properties Q3 results: Net debt down 49% to Rs 3,848 crore

Godrej Properties Ltd has reduced its net debt by 49 per cent to Rs 3,848 crore during the latest quarter ended December on the back of strong internal cash flow and equity fund raising. Its net debt stood at Rs 7,572 crore as on September 30, 2024, according to the company's latest investors presentation. Pirojsha Godrej, Executive Chairperson of Godrej Properties, said, "We raised Rs 6,000 crore during the third quarter through Qualified Institutional Placement (QIP) route for growth capital". The company's net debt-to-equity ratio has come down to 0.23, he added. Pirojsha said the company would be utilizing this fund to acquire land across major cities to expand its business. As per the presentation, Godrej Properties' collections of funds from customers against pre-sales rose 27 per cent to Rs 3,069 crore during the third quarter of the 2024-25 fiscal, thereby improving the company's internal cash flow situation. Godrej Properties is one of the leading real estate developers

Strong cash flows, robust pipeline positive for Godrej Properties

Commercial projects on Golf Course Road, Gurugram, received an occupancy certificate in Q3FY25 and are 40 per cent leased out

Strong cash flows, robust pipeline positive for Godrej Properties

Commercial projects on Golf Course Road, Gurugram, received an occupancy certificate in Q3FY25 and are 40 per cent leased out

Godrej sells Rs 28,800 cr worth properties in 2024, tops listed firms

Godrej Properties has sold properties worth Rs 28,800 crore during the 2024 calendar year, highest among all listed real estate companies in India, on strong demand for its housing projects across many cities. Realty major, DLF -- the country's largest real estate firm in terms of market capitalisation -- sold properties worth around Rs 20,650 crore during the last calendar year mainly on high demand for its ultra-luxury housing project 'The Dahlias' in Gurugram where it sold properties in a price range of Rs 55-150 crore per unit. In an investors presentation, Godrej Properties said, "Highest ever booking value and area sold achieved by any listed real estate developer in a calendar year. Booking value grew 69 per cent to Rs 28,800 crore from sale of 26.38 million square feet of area, a volume growth of 54 per cent." The company highlighted that the Delhi-NCR market contributed maximum pre-sales in the last calendar year at Rs 9,936 crore followed by Mumbai Metropolitan Region (MMR

Godrej Properties Q3 results: Net profit surges 161% to Rs 162.64 crore

During the quarter, the company's earnings before interest, taxes, depreciation and amortisation (Ebitda) grew by 85 per cent to Rs 280 crore

DLF, Lodha: 5 real-estate shares that can gain upto 16% ahead of RBI Policy

The Nifty Realty index has surged 14% in the last 7 trading days, with select stocks rising up to 27% in anticipation of a rate cut in the upcoming RBI Policy. Here's technical view on realty stocks.

Q3 results Feb 4: Asian Paints and Titan among 130 to post earnings today

Q3FY25 company results today, February 4: Godrej Properties, Whirlpool of India, Happiest Minds Technologies, Hikal, and Infibeam Avenues will release their reports for the Oct-Dec 2024 quarter

Nifty Realty stocks trade below 200-DMAs; index down 18% in Jan; what next?

Technical charts suggest that stocks such as Prestige Estates, Lodha and Sobha can fall up to 32 per cent from here on, while the Nifty Realty index can crack by another 14 per cent.

Nifty Realty records sharpest intraday fall in 7 months; tanks 6% today

Shares of Phoenix, Macrotech Developers, Sobha, Brigade, Raymond, DLF, Oberoi Realty, Prestige Estates Projects and Godrej Properties were down in the range of 4 per cent to 9 per cent

Godrej Properties acquires 24 acre land in Indore; eyes Rs 500 cr revenue

Real estate company Godrej Properties Ltd on Friday said it has acquired 24-acre land in Indore to develop residential plots and expects around Rs 500 crore revenue from this upcoming project. In a regulatory filing, Godrej Properties informed it has acquired about 24-acre of land in Indore. The company did not divulge the total cost of the land parcel. "The project will have an estimated revenue potential of around Rs 500 crore," Godrej Properties said The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of around 6.20 lakh square feet. After acquiring 46-acre in July 2024 on Indore-Ujjain Road, this will be the company's second acquisition in Indore. Gaurav Pandey, MD & CEO, Godrej Properties, said the company has expanded its presence in Indore with this land acquisition. "With residential plotted developments gaining momentum, the Indore bypass road presents a promising opportunity for us to expand.

Godrej Properties acquires 24 acre land in Indore; eyes Rs 500 cr revenue

Real estate company Godrej Properties Ltd on Friday said it has acquired 24-acre land in Indore to develop residential plots and expects around Rs 500 crore revenue from this upcoming project. In a regulatory filing, Godrej Properties informed it has acquired about 24-acre of land in Indore. The company did not divulge the total cost of the land parcel. "The project will have an estimated revenue potential of around Rs 500 crore," Godrej Properties said The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of around 6.20 lakh square feet. After acquiring 46-acre in July 2024 on Indore-Ujjain Road, this will be the company's second acquisition in Indore. Gaurav Pandey, MD & CEO, Godrej Properties, said the company has expanded its presence in Indore with this land acquisition. "With residential plotted developments gaining momentum, the Indore bypass road presents a promising opportunity for us to expand.