Page 8 - Godrej Properties

Godrej Properties shares surge 5% after acquiring 53-acre land in Kolkata

Shares of Godrej Properties surged up to 5 per cent at Rs 2,826.95 per share on the BSE in Thursday's intraday

Godrej Properties net debt rises marginally to Rs 7,572 crore in Q2

Realty firm Godrej Properties' net debt rose 2 per cent during the September quarter to Rs 7,572 crore with the company focusing on land acquisition for future growth. Its net debt stood at Rs 7,432 crore at the end of the June quarter, according to an investors' presentation. Godrej Properties is one of the leading developers in the country. It has a major presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. Godrej Properties plans to raise up to Rs 6,000 crore through the issue of securities. The board had last month approved the proposal. The funds would be raised through the issuance of securities, including equity shares, debentures, preference shares, and/or any other eligible securities. The fundraising could be in one or more tranches through public and/or private offerings, including qualified institutions placement, rights issue, further public offer or any other mode as may be permitted under applicable laws. Godrej Properties has been actively

Godrej Properties buys 7.5-acre land in Gurugram for housing project

Realty firm Godrej Properties has won a bid to acquire 7.5-acre land in Gurugram to develop a luxury housing project with a revenue potential of more than Rs 5,500 crore. In a regulatory filing on Friday, Godrej Properties said it has emerged as the "highest bidder for a luxury group housing plot on Golf Course Road in Gurugram with a revenue potential in excess of Rs 5,500 crore." The company has secured the Letter of Intent to develop a group housing plot at Golf Course Road through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot, measuring 7.5-acre, has a development potential of over 1.7 million square feet, comprising luxury residential apartments of varied configurations. Godrej Properties has acquired 11 new land parcels so far this fiscal. These projects are estimated to generate a total revenue of Rs 22,950 crore. The company had given guidance that it would add various land parcels this fiscal, with a total revenue potential of Rs 20,000

Godrej Properties soars 9% after profit rises five fold in Q2FY25 results

Shares of Godrej Properties soared 8.72 per cent at Rs 3,219.25 per share on the BSE in Thursday's intraday trade

Godrej Properties Q2FY25 result: PAT jumps 5-fold to Rs 335.21 crore

Realty firm Godrej Properties on Wednesday reported a five-fold jump in its consolidated net profit to Rs 335.21 crore for the quarter ended September on higher income. Its net profit stood at Rs 66.80 crore in the year-ago period. Total income more than doubled to Rs 1,346.54 crore in the second quarter of this fiscal from Rs 605.11 crore in the corresponding period of the previous year, according to a regulatory filing. Pirojsha Godrej, Executive Chairperson, Godrej Properties Ltd, said the company delivered a robust second quarter with its highest-ever Q2 and H1 bookings, collections, operating cashflows, and deliveries. "With bookings growth of 56 per cent in FY23, 84 per cent in FY24 and 90 per cent in H1 FY25, Godrej Properties has reset its scale," he added. The benefit of this is visible in the company's cash flows with collections growth of 68 per cent and operating cash flow growth of 125 per cent in the September quarter, Pirojsha said. "With a robust launch pipeline,

Q2 results today: HUL, Godrej, TVS Motor among 73 firms to post earnings

Q2FY25 company results: AU Small Finance Bank, Bajaj Finserv, Birla will also be among the 73 companies to released their second quarter results on Oct 23

Godrej Properties acquires land in Ahmedabad for residential project

Project's estimated booking value is about Rs 1,300 crore

Godrej Properties secures 3 adjoining plots totalling 6.5 acres in Mumbai

The three adjoining plots measuring nearly 6.5 acres are located in Kharghar, MMR

Godrej Properties emerges as top bidder for 6.5 acre land in MMR; shares up

The rise in Godrej Properties share price came after the company announced that it has emerged as the highest bidder to develop a group housing project at a premium location in Sector 5-A, Kharghar

Godrej Properties secures 3 plots in Mumbai for Rs 3,500 cr housing project

Realty firm Godrej Properties Ltd has won bids to acquire 3 adjoining plots totalling 6.5 acres in Mumbai Metropolitan Region (MMR) to develop a housing project with a revenue potential of Rs 3,500 crore. In a regulatory filing on Wednesday, the company informed that it has "emerged as the highest bidder to develop a group housing project at a premium location in Sector 5-A, Kharghar according to the e-auction portal of City and Industrial Development Corporation of Maharashtra (CIDCO)." The plots, measuring 6.54 acres, will offer a development potential of around 2 million square feet, with an estimated combined revenue potential of around Rs 3,500 crore, it added. The company did not disclose the deal value of these 3 adjoining land parcels. Gaurav Pandey, MD & CEO, Godrej Properties, said, "Our entry into the Kharghar micro-market aligns well with our strategy of strengthening our portfolio across the key real estate markets in India." Godrej Properties continues to acquire ...

Godrej acquires 6 land parcels to develop Rs 9,650 cr housing projects

Realty firm Godrej Properties acquired six new land parcels in the July-September quarter to develop housing projects worth Rs 9,650 crore as part of its expansion plan amid strong demand. Godrej Properties is one of the leading real estate developers in the country. It has a significant presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru. To expand the housing business, Godrej Properties acquires land through outright purchases as well as forming partnerships with landowners for joint development. In its latest operational updates for the July-September quarter, Godrej Properties said it has added 8 new land parcels in the first six months of this fiscal with a total estimated saleable area of about 11 million square feet and total estimated booking value potential of around Rs 12,650 crore. This included the addition of 6 new land parcels in the second quarter of this fiscal with an expected booking value of Rs 9,650 crore. Godrej Properties said it has .

Godrej Properties shares surge 3% on Q2 biz update; Nuvama upgrades to Buy

The upward movement followed the company's announcement that it achieved its highest-ever Q2 and H1 performance across several key operational parameters

Godrej, Macrotech sell properties worth over Rs 22,000 crore in Apr-Sep

India's two big realty firms Godrej Properties and Macrotech Developers have sold properties worth over Rs 22,000 crore during April-September, up 56 per cent annually, on strong demand for premium homes. Godrej Properties sells its real estate projects under the Godrej brand, while Macrotech Developers markets its properties under the 'Lodha' brand. During the first six months of the current fiscal year, Godrej Properties sold properties worth over Rs 13,800 crore, and Macrotech Developers' sales bookings stood at Rs 8,320 crore. The bulk of these sales were of housing units. The combined sales bookings of both Mumbai-based realty firms stood at Rs 22,120 crore during April-September 2024 against Rs 14,178 crore sales registered by the two companies in the year-ago period. According to the latest operational update, Godrej Properties' sales booking value grew 89 per cent year-on-year to over Rs 13,800 crore during April-September this year compared to Rs 7,288 crore in the year-ag

Godrej Properties' board approves Rs 6,000 cr fund raise through securities

The funds will be raised in one or more tranches through public and/or private offerings

Godrej Properties raises Rs 64.6 cr via issue of debentures to investors

Realty firm Godrej Properties has raised Rs 64.6 crore through the issue of debentures to investors on private placement. In a regulatory filing on Tuesday, the company said a committee of the board approved the allotment of 6,460 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 1 lakh each, aggregating to Rs 64.6 crore to the identified investors on a private placement basis. The NCDs have been allotted at a coupon rate of 8.50 per cent per annum. Interest will be paid annually and on maturity. The tenor of NCDs is 5 years. Godrej Properties is one of the leading real estate developers in the country. It has a significant presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru and Hyderabad markets.

Buy Macrotech & Sunteck; Hold Oberoi Realty & Godrej Prop, suggests Nuvama

The analysts believe that factors like healthy leverage, an increased focus on business development, and the potential for interest rate cuts will boost sales in the city.

At Rs 515 cr, Godrej Properties highest bidder for 2 luxury Gurugram plots

The land parcels measuring approximately 3.6 acres, and 2 acres will have a combined revenue potential in excess of Rs 3,400 crore

Godrej Properties wins bid for 2 plots in Gurugram, eyes Rs 3400 cr revenue

Realty firm Godrej Properties has won bid for two residential plots in Gurugram costing Rs 515 crore and will develop luxury homes worth Rs 3,400 crore on these land parcels. In a regulatory filing on Monday, Godrej Properties informed that it has "emerged as the highest bidder and has secured the Letter of Intent to develop two group housing plots at premium locations in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP)". The combined bid value for both plots is Rs 515 crore, it added. The plot measuring 3.6 acres is located in the prestigious Golf Course Road micro-market whereas the plot measuring 1.97 acres is strategically located in Sector 39 with proximity to NH 48. "The land parcels together will offer a development potential of over 1 million square feet and an estimated revenue potential of over Rs 3,400 crore comprising luxury residential apartments of varied configurations," Godrej Properties said. In the last fiscal, Godrej Propert

Godrej Properties wins bid for 2 plots in Gurugram, eyes Rs 3400 cr revenue

Realty firm Godrej Properties has won bid for two residential plots in Gurugram costing Rs 515 crore and will develop luxury homes worth Rs 3,400 crore on these land parcels. In a regulatory filing on Monday, Godrej Properties informed that it has "emerged as the highest bidder and has secured the Letter of Intent to develop two group housing plots at premium locations in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP)". The combined bid value for both plots is Rs 515 crore, it added. The plot measuring 3.6 acres is located in the prestigious Golf Course Road micro-market whereas the plot measuring 1.97 acres is strategically located in Sector 39 with proximity to NH 48. "The land parcels together will offer a development potential of over 1 million square feet and an estimated revenue potential of over Rs 3,400 crore comprising luxury residential apartments of varied configurations," Godrej Properties said. In the last fiscal, Godrej Propert

Godrej Properties tops among 21 realty cos with Q1 sales worth Rs 35k cr

India's 21 major listed real estate developers have together sold properties worth nearly Rs 35,000 crore during the latest June quarter with Godrej Properties reporting highest sale bookings. Except few, all major listed real estate developers have shown annual growth in sale bookings in the April-June quarter driven by strong consumer demand for residential properties, especially of luxury homes. According to the data compiled from regulatory filings, India's 21 major listed realty firms have reported combined sale bookings of Rs 34,927.5 crore in the first quarter of 2024-25 fiscal. Out of these combined sale bookings, bulk of pre-sales came from residential segment. In terms of sale bookings, Godrej Properties emerged as the largest listed player in the June quarter with pre-sales of Rs 8,637 crore. DLF Ltd, the country's largest realty firm in terms of market capitalisation, reported more than three-fold jump in its sale bookings at Rs 6,404 crore in the first quarter of this