Page 7 - Godrej Properties'

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.

Godrej Properties QIP raises Rs 6,000 cr, logs demand 4 times issue size

Company say QIP largest by an Indian real estate company; proceeds will be used on pipeline of projects

Godrej Properties raises Rs 6,000 cr via QIP for 'future development'

Realty firm Godrej Properties Ltd has raised Rs 6,000 crore by selling shares to institutional investors, including Singapore sovereign wealth firm GIC and SBI Pension, through qualified institutional placement (QIP) route as it looks to expand business amid strong demand for residential plots and apartments. On November 27th, the company launched its QIP issue to raise up to Rs 6,000 crore. The company has raised this amount by diluting nearly 8 per cent of equity through the QIP issue, which was closed on Monday. The QIP Placement Committee of the board approved the issue price of Rs 2,595 per equity share, which is at a discount of Rs 132.44 (4.86 per cent of the floor price) to the floor price of Rs 2,727.44 per equity share. It also approved the allocation of 2,31,21,387 equity shares to be allotted to eligible qualified institutional buyers. In a regulatory filing on Tuesday, Godrej Properties informed that the QIP issue saw a strong demand of around 4 times the size of the ..

Nifty Realty gains 2%; Godrej Properties, Oberoi Realty rise up to 4%

Among others, Godrej Properties and Macrotech Developers (Lodha) gained over 3 per cent. DLF and Phoenix Mills advanced over 2 per cent

Real estate major Godrej Properties seeks Rs 6,000 crore through QIP

The company aims to utilise the net proceeds of the issue for the acquisition of land and land development rights, as well as general corporate purposes

Godrej Properties to raise Rs 6,000 crore via QIP for business expansion

Godrej Properties will raise Rs 6,000 crore by selling equity shares to institutional investors through QIP issue as it looks to expand business amid strong demand for residential plots and apartments. On Wednesday, the company has launched its Qualified Institutional Placement (QIP) issue to raise up to Rs 6,000 crore. According to market sources, Godrej Properties has received a strong response from domestic and global investors and the company will raise the entire Rs 6,000 crore. The QIP issue is likely to be closed on Thursday. Last month, the company's board approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing on Wednesday, Godrej Properties informed that the QIP Placement Committee approved the floor price for the QIP issue at Rs 2,727.44 per equity share. Godrej Properties' share price closed at Rs 2,833.05 apiece on Wednesday, down 2.35 per cent from Tuesday. Godrej Properties is one of the leading developers in the country.

Stocks to Watch, Nov 28: Vedanta, BoB, HDFC Bank, Adani Group shares, BoI

From Adani Group of stock to Vedanta, here is a list of shares that will remain in focus today

Godrej Properties launches Rs 6,000 crore QIP to fund growth plans

Godrej Properties on Wednesday launched its qualified institutional placement (QIP) to sell equity shares to investors for raising up to Rs 6,000 crore to fund its growth plan. Last month, the company's board approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing, Godrej Properties informed that the QIP Placement Committee authorized the opening of the issue on November 27, 2024. The panel also approved the floor price for the QIP issue, being Rs 2,727.44 per equity share. Godrej Properties' share price closed at Rs 2,833.05 apiece on Wednesday, down 2.35 per cent from Tuesday. The company is one of the leading developers in the country. It has a major presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru. It has entered into Hyderabad market recently. In the last fiscal, the company's sales booking jumped 84 per cent to a record Rs 22,527 crore, the highest among listed realty firms in 2023-24. Godrej Properties ha

Godrej Properties to gain from strong land portfolio, demand outlook

GPL's pipeline for H2FY25 has a GDV of Rs 15,000 core including projects in Gurugram, NOIDA, Mumbai, Pune and Hyderabad