Page 6 - Godrej Properties'

Godrej Properties sells homes worth ₹1,000 cr in Gurugram luxury project

Company says it will strengthen its presence in 'extremely important market' of Gurugram

Godrej Properties sells around 90 flats for over ₹1,000 cr in Gurugram

Real estate company Godrej Properties Ltd has sold around 90 flats for more than Rs 1,000 crore on the launch day of its new luxury housing project at Gurugram, despite an overall demand slowdown in residential property market. In a regulatory filing on Friday, the company said around 90 flats were sold on the launch day of its project 'Godrej Astra' located on Golf Course Road micro-market. The project is spread over 2.76 acres. This is the company's second launch in the prime Golf Course Road micro-market. "Gurugram is an extremely important market for Godrej Properties and we look forward to further strengthening our presence there in the coming years," Gaurav Pandey, MD & CEO, Godrej Properties, said. Godrej Properties is one of the leading real estate developers in the country. Recently, real estate data analytics firm PropEquity said that housing sales declined 23 per cent in January-March across nine major cities, while housing brokerage firm Anarock reported a 28 per cent

Godrej Properties sells around 90 flats for over ₹1,000 cr in Gurugram

Real estate company Godrej Properties Ltd has sold around 90 flats for more than Rs 1,000 crore on the launch day of its new luxury housing project at Gurugram, despite an overall demand slowdown in residential property market. In a regulatory filing on Friday, the company said around 90 flats were sold on the launch day of its project 'Godrej Astra' located on Golf Course Road micro-market. The project is spread over 2.76 acres. This is the company's second launch in the prime Golf Course Road micro-market. "Gurugram is an extremely important market for Godrej Properties and we look forward to further strengthening our presence there in the coming years," Gaurav Pandey, MD & CEO, Godrej Properties, said. Godrej Properties is one of the leading real estate developers in the country. Recently, real estate data analytics firm PropEquity said that housing sales declined 23 per cent in January-March across nine major cities, while housing brokerage firm Anarock reported a 28 per cent

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Godrej Properties acquires CIDCO land in Navi Mumbai for Rs 717 crore

Earlier, in October 2024, the company had emerged as the highest bidder for these plots with a revenue potential of Rs 3,500 crore

Godrej Prop acquires 6.5 acres on 60-yr lease in Navi Mumbai for Rs 717 cr

The plots will offer a development potential of around 2 million sq ft, comprising premium residential apartments of varied configurations.

Godrej Properties sells homes worth over Rs 1,000 crore in Hyderabad

The Mumbai-based real estate developer sold over 300 homes at Godrej Madison Avenue in Kokapet, which marked the developer's entry into the city

Godrej Properties sells homes worth over Rs 1,000 crore in Hyderabad

The Mumbai-based real estate developer sold over 300 homes at Godrej Madison Avenue in Kokapet, which marked the developer's entry into the city

Godrej Properties acquires around 10-acre land in Bengaluru's Yelahanka

The project will have an estimated revenue potential of ₹ 2,500 crore

Godrej Properties acquires around 10-acre land in Bengaluru's Yelahanka

The project will have an estimated revenue potential of ₹ 2,500 crore

Godrej Prop sells Pune homes worth Rs 1,000 cr within 4 months of land buy

The Mumbai-based real estate developer has sold over 1398 homes with a total area of 1.23 million square feet in the project

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

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

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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 .

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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