Page 9 - Godrej Properties

ABB, Exide, Pidilite among 5 stocks testing 100-DMA support; charts here

In general stocks trading above the key moving averages such as the 20-, 50-, 100- and 200-DMAs are considered trading with a bullish bias and vice versa.

Godrej Properties buys 90 acre land parcel in Maha's Raigad for Rs 150 cr

Godrej Properties has acquired a 90-acre land parcel at Khalapur in Raigad, Maharashtra for around Rs 150 crore with plans to develop and sell residential plots. The land parcel is estimated to have a development potential of around 1.7 million square feet of saleable area consisting primarily of residential plotted development, the company said in a regulatory filing. The company did not share details of investment for the said land acquisition. However, sources said the land cost was around Rs 150 crore. "Residential plotted development has gained significant traction in recent years. Khalapur is a promising upcoming location. Hence following the excellent response to our last development, Godrej Hillview Estate, we aim to expand our presence in the region," Gaurav Pandey, MD & CEO, Godrej Properties, said. Khalapur is located about 70 kilometres from Mumbai. The land is in proximity to the Mumbai Trans Harbour Link and the Mumbai-Pune Expressway, providing excellent ...

Godrej Properties to launch Rs 21,000 cr worth housing projects by March

Godrej Properties aims to launch Rs 21,000 crore worth of residential projects by March across major cities to encash strong consumer demand and achieve 20 per cent growth in sales bookings this fiscal. In an interview with PTI, the company's executive chairperson Pirojsha Godrej expressed confidence that the company would achieve the targeted sales bookings of Rs 27,000 crore for the current fiscal. In the last fiscal, the company's sales bookings jumped 84 per cent to a record Rs 22,527 crore, the highest among listed realty firms in 2023-24. Asked about the launch pipeline, Pirojsha said, "We are targeting to launch projects worth Rs 30,000 crore this fiscal year. We have already launched around Rs 9,000 crore worth of projects in the first quarter of this fiscal." The launch pipeline for the remaining three quarters is strong, he said. Godrej Properties mainly focuses on Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune and Hyderabad for group housing projects. It s

Godrej Prop stock soars 3% on land parcel win; Rs 5k cr revenue potential

Godrej Properties stock soared up to 3.43 per cent, at Rs 2,975 per share on the BSE in Friday's intraday deals

Godrej Properties sales jump four-fold in June quarter to Rs 8,637 crore

Godrej Properties clocked a four-fold jump in consolidated net profit to Rs 520.05 crore year-on-year

Godrej Properties raises Rs 1,275 cr via non-convertible debentures

Realty firm Godrej Properties has raised Rs 1,275.40 crore through the issue of non-convertible debentures (NCDs) on a private placement basis. In a regulatory filing on Friday, the company said the allotment committee of the board of directors of the company approved the allotment of 93,540 unsecured redeemable NCDs of the face value of Rs 1 lakh each, aggregating to Rs 935.40 crore. It also approved allotment of 34,000 such NCDs aggregating to Rs 340 crore. These NCDs were allotted to identified investors on a private placement basis. Godrej Properties is one of the leading real estate developers in the country. The company achieved maximum sales bookings number last fiscal among listed real estate entities. Godrej Properties plans to launch residential projects worth Rs 30,000 crore this fiscal across major cities to achieve 20 per cent growth in sales bookings amid strong demand, its executive chairperson Pirojsha Godrej had said in May. In an interview with PTI, Pirojsha ha

Realty indexation benefit gone, tax rate cut in Budget 2024. Stock strategy

Union Budget 2024-25 impact: DLF, Brigade Enterprises, Prestige Estates, Godrej Properties and Sunteck Realty dropped up to 5 per cent afer FM proposed to withdraw indexation benefit on house resale.

Marico, Apollo Tyres among top picks by Chandan Taparia of MOFSL

The 14 period RSI indicator has turned up from the centreline which indicates upward momentum and the Marico stock has space to move up.

Marico, Apollo Tyres among top picks by Chandan Taparia of MOFSL

The 14 period RSI indicator has turned up from the centreline which indicates upward momentum and the Marico stock has space to move up.

Godrej Properties jumps 5% on upbeat sales in Bengaluru; stock at new high

The company announced that it has sold over 2,000 homes worth over Rs 3,150 crore in its project, Godrej Woodscapes, located in Whitefield-Budigere Cross, Bengaluru.

Godrej's Bengaluru launch sells over 2,000 homes, nets Rs 3,150 crore

This achievement is the second instance in the past three months where Godrej Properties has reached sales of Rs 3,000 crore

Godrej's Bengaluru launch sells over 2,000 homes, nets Rs 3,150 crore

This achievement is the second instance in the past three months where Godrej Properties has reached sales of Rs 3,000 crore

Godrej Properties buys land in Bengaluru for high-end residential project

Realty firm Godrej Properties on Monday said it has acquired a 7-acre land in Bengaluru to develop a luxury housing project with an estimated revenue of Rs 1,200 crore. In a regulatory filing, the company informed about the acquisition of around 7 acres of land in Thanisandra, North Bengaluru on an outright basis. The development on this land will comprise a high-end residential project featuring premium residential apartments of various configurations. The proposed project is estimated to have a developable potential of about 9 lakh square feet with a revenue potential of around Rs 1,200 crore, the company said. Gaurav Pandey, MD & CEO, Godrej Properties, said, the availability of land parcels and infrastructure development has turned Bengaluru into a mature real estate market with increased demand for residential development. "North Bengaluru is an important market for us, and we are happy to add this land parcel to our portfolio. This will further strengthen our presence in ...

Godrej Properties buys land in Bengaluru for high-end residential project

Realty firm Godrej Properties on Monday said it has acquired a 7-acre land in Bengaluru to develop a luxury housing project with an estimated revenue of Rs 1,200 crore. In a regulatory filing, the company informed about the acquisition of around 7 acres of land in Thanisandra, North Bengaluru on an outright basis. The development on this land will comprise a high-end residential project featuring premium residential apartments of various configurations. The proposed project is estimated to have a developable potential of about 9 lakh square feet with a revenue potential of around Rs 1,200 crore, the company said. Gaurav Pandey, MD & CEO, Godrej Properties, said, the availability of land parcels and infrastructure development has turned Bengaluru into a mature real estate market with increased demand for residential development. "North Bengaluru is an important market for us, and we are happy to add this land parcel to our portfolio. This will further strengthen our presence in ...

Godrej Properties on solid growth foundation amid strong pre-sales

Pune, Bengaluru and Hyderabad will drive growth in the near term in contrast to the prior two years when it was NCR and MMR

BEML, Exide, Prestige: 5 mid-, small-cap stocks with over 15% downside risk

BEML, Exide Industries, HUDCO, Godrej Properties and Prestige Estates could fall up to 19 per cent from present levels, technical charts suggest.

848 stocks hit lower circuit on June 4 post LS polls. Here is what it means

BHEL, Bharat Electronics, Adani Ports and Special Economic Zone, REC, Power Finance Corporation (PFC) from the future & option (F&O) segment stocks tanked 25 per cent

Major 18 listed builders sell properties worth Rs 1.17 trillion in FY24

Eighteen major listed real estate developers sold properties worth Rs 1.17 lakh crore during the last fiscal with Godrej Properties becoming the largest player posting Rs 22,527 crore of sales bookings. Except for a few realty players, all major developers have achieved higher sales bookings in 2023-24 compared to the preceding financial year. This was largely driven by strong demand for residential properties, especially luxury homes, across major cities. Many developers clocked record pre-sales in the 2023-24 fiscal, riding on a surge in consumer demand. According to the data compiled from regulatory filings, eighteen major listed realty firms have reported combined sales bookings of about Rs 1,16,635 crore in the 2023-24 fiscal, up 33 per cent from nearly Rs 88,000 crore in the preceding year. Of these combined sales bookings of nearly Rs 1.17 lakh crore, bulk of pre-sales came from the residential segment. Commenting on the strong performance of listed realtors, Dhruv Agarwal

Godrej Properties sells 650 flats for Rs 2K cr in Noida amid strong demand

Realty firm Godrej Properties Ltd on Thursday said it has sold around 650 flats in Noida for more than Rs 2,000 crore, amid strong consumer demand for residential properties. In a regulatory filing, Godrej Properties informed that it has "sold around 650 homes worth over Rs 2,000 crore in its project, Godrej Jardinia, located in Sector 146, Noida." The project was launched in May 2024. "This is Godrej Properties' most successful-ever launch in Noida in terms of the value of sales achieved," the company highlighted. Gaurav Pandey, MD & CEO, Godrej Properties, said, " Noida is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in the city in the years ahead." Godrej Properties is one of the leading real estate developers in the country. It has a major presence in the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru property markets.

Godrej Properties reduces net debt by 10% in Q4 on strong cash flow

Realty firm Godrej Properties has reduced its net debt by 10 per cent in the latest March quarter to nearly Rs 6,200 crore on strong sales and collections of funds from customers, its executive chairperson Pirojsha Godrej has said. In an interview with PTI, Pirojsha said, "We have reduced our net debt by Rs 700 crore during Q4 (January-March quarter of 2023-24) because of strong operating cash flow." The company's net debt stood at Rs 6,198 crore as on March 31, 2024 as against Rs 6,903 crore at the end of the preceding quarter. Pirojsha attributed the reduction in the net debt to strong cash collections from customers. "We have reduced net debt even as we continue to acquire land parcels for future development," he observed. Asked about the guidance for net debt in the current 2024-25 fiscal, Pirojsha said, "Our debt equity ration was 0.62 at the end of the March quarter. We would like to keep our gearing ratio between 0.5 to 1:1." The net debt level may increase or decline in