Page 9 - Godrej Properties'

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

Godrej Properties zooms 11% on strong profits; analysts bullish for FY25

Godrej Properties posted a 14 per cent year-on-year (YoY) increase in its consolidated net profit, reaching Rs 471 crore for the quarter ending March 2024

Godrej Properties to launch housing projects worth Rs 30,000 cr in FY25

Realty firm 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 said. In an interview with PTI, Pirojsha said, "We have given a sales bookings guidance of Rs 27,000 crore for the current fiscal, a 20 per cent growth from high base in 2023-24." In the last fiscal, the company's sales bookings jumped 84 per cent to a record Rs 22,527 crore, from Rs 12,232 crore in the preceding year. This is the highest sales reported so far by any listed entity for FY'24. Pirojsha said the housing demand continues to be strong, especially for reputed brands. "It (2023-24 fiscal) was a great year overall, whether you look at launches, sales, collection from customers, business development, deliveries of projects, cash flow and profit. We are really excited to see the kind of momentum in the business." He expected housing demand to sust

Godrej Properties Q4FY24 results: Profit rises 14% to Rs 471.26 crore

Total income rose to Rs 1,914.82 crore in the fourth quarter of last fiscal from Rs 1,838.82 crore in the corresponding period of the previous year, the company informed in a regulatory filing

Share prices of Godrej Ind, Godrej Properties, Astec Lifesciences drop

Godrej Industries shares fell by 7 per cent to Rs 893 a share, while Godrej property's share fell by 4.4 percent to Rs 2,532 a share

BSE Realty index down 1.5% in a firm market; Godrej Properties weighs

Real-estate stock update: Realty stocks were witnessing some profit-taking on Thursday, as the BSE Realty index has rallied over 23 per cent so far in 2024.

Biz split impact: Godrej stocks rally up to 9%; Godrej Properties down 4%

Shares of Godrej Group companies rallied up to 9 per cent in Thursday's trading session after the Group announced a split in the 127-year old family business.

Godrej family splits: How to trade listed top Godrej stocks on BSE, NSE?

Technical outlook on Godrej group listed stocks: Shares of Godrej family have delivered mind-boggling returns of up to 73 fold in the past years. Here's what to expect in the near term.

Godrej Industries to be main holding company for Adi-Nadir Godrej family

Godrej Industries holds 64.9 per cent stake in Godrej Agrovet, and 23.7 per cent stake in Godrej Consumer Products, and 47.3 per cent stake in Godrej Properties

G&B-Godrej Properties partnership to continue for Vikhroli land development

Godrej & Boyce and Godrej Properties on Wednesday said they would continue their association for land development at Vikhroli in Mumbai, a day after the founding family of the Godrej group announced an amicable split of the conglomerate. In a joint statement, Godrej & Boyce, owner-developer, and Godrej Properties, the development manager, said the two companies will continue their Memorandums of Understanding executed from time to time, for development of land in Vikhroli as and when the owner is desirous of developing the land. Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, a residential development project with a total constructed area of 1 million square feet, which has been marketed by Godrej Properties. In March 2024, a new project named Godrej Vistas was successfully launched under this arrangement, it added. "The future development of Vikhroli presents a unique opportunity to create a holistic space in the ...

Godrej family amicably splits 127-year-old conglomerate into two groups

Adi Godrej family gets control of listed entities while cousin Jamshyd to own Godrej & Boyce and land bank

Godrej Properties targets Rs 25,000 cr sales bookings in FY25: Chairman

Enthused by record sales bookings of Rs 22,500 crore last fiscal on strong housing demand, Godrej Properties Ltd Executive Chairman Pirojsha Godrej said the company would like to see some growth even on a high base and aim to achieve Rs 25,000 crore pre-sales numbers in 2024-25. Earlier this week, Godrej Properties reported an 84 per cent increase in sales booking last fiscal to a record Rs 22,500 crore on higher volumes and the launch of premium housing projects amid strong consumer demand. Godrej Properties has surpassed the sales booking numbers of Bengaluru-based Prestige Group, which has reported pre-sales of Rs 21,040 crore during 2023-24, and is likely to emerge as the largest listed real estate developer in terms of sales bookings in the 2023-24 financial year. In an interview with PTI, Pirojsha Godrej said the company is expecting another good financial year, banking on the positive consumer sentiments. "I think we will see another good year if the market stays as strong a

Godrej Properties clocks record sales bookings in FY24 at over Rs 22,500 cr

Realty firm Godrej Properties on Tuesday reported a 84 per cent increase in sales booking to a record Rs 22,500 crore in the last financial year, on higher volumes amid strong consumer demand for residential properties. Godrej Properties has surpassed the sales booking numbers of Bengaluru-based Prestige Group, which on Monday reported pre-sales of Rs 21,040 crore during the last fiscal year. Macrotech Developers has reported sales of Rs 14,520 crore in the previous fiscal. DLF is yet to announce its numbers. These four listed entities are in the race to gain market share. In a regulatory filing, Godrej Properties said the company has achieved its best ever quarterly and annual sales in the fourth quarter of the last fiscal and for the full 2023-24, respectively. During the fourth quarter of the last fiscal, Godrej Properties' sales bookings more than doubled to Rs 9,500 crore year-on-year. Its sales bookings during the last fiscal grew by 84 per cent year-on-year to more than Rs