Page 3 - Godrej Properties

Godrej Properties eyes Rs 8k-cr sales revenue from housing project in Delhi

Realty firm Godrej Properties s waiting for some pending government approvals to launch this 27-acre luxury residential project in Delhi-NCR, its best performing market last fiscal

Godrej Properties aims to add new projects worth Rs 15,000 cr in FY'23

Godrej Properties is looking to add new housing projects worth about Rs 15,000 crore this fiscal year by purchasing land outright and by forming joint ventures with landowners

Weak Q1 cash flows, debt increase a worry for Godrej Properties

This, despite sales bookings and launch pipeline remaining robust

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Godrej Properties Q1 profit nearly triples to Rs 46 cr; bookings up 5 times

Gaurav Pandey will become the new MD and CEO of the Mumbai-based developer from January 1 next year

Godrej Properties MD Mohit Malhotra resigns; Gaurav Pandey to be new chief

Realty firm Godrej Properties' MD and CEO Mohit Malhotra has resigned from the company, and Gaurav Pandey will succeed him with effect from January 1 next year

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Godrej Properties buys land parcel in Mumbai for its luxury housing project

Real estate firm Godrej Properties on Monday said it has acquired 0.5 acres of land in Mumbai to develop a luxury housing project with an estimated sales value of Rs 1,200 crore. In a regulatory filing, the company informed that it has bought a land parcel to develop a luxury project near Carmichael Road in Mumbai. The land parcel, spread across 0.5 acres, was purchased from the Karam Chand Thapar (KCT) group. The new project will have an estimated booking value potential of approximately Rs 1,200 crore, the company said. "The demand for luxury realty has been strong over the past few years and this location affords us the opportunity to create a landmark boutique luxury residential development," said Mohit Malhotra, MD & CEO, Godrej Properties. Varun Thapar, Vice Chairman and Executive Director - KCT Group, said Indian City Properties Ltd, the real estate arm of the KCT Group, owned this prime land asset in South Mumbai for nearly seven decades. Mumbai-based Godrej Properties is

Majority of homebuyers want office set-up in apartments: Godrej Survey

The survey underscores the fundamental shift in homebuyers' preferences with the onset of the COVID pandemic and the significant alterations that it has brought about

Record home sales spur 20-50% hiring surge at listed realty firms in H2FY22

Brigade is aiming to increase its workforce by around 15 per cent this year

Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom

Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back.

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HDFC AMC, Godrej Properties to migrate lower; move part of Amfi's half-yearly stock reclassification

Godrej Properties adds 7 projects with expected sale value of Rs 9,500 cr

Mumbai-based Godrej Properties purchases land outright as well as forms partnerships with land owners for future development

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Godrej Properties' Q4 profit at Rs 260 cr; income triples to Rs 1,523 cr

Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended March 2022 on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period. Total income increased to Rs 1,522.57 crore during January-March quarter of the last fiscal year from Rs 576.08 crore in the year-ago period, according to a regulatory filing. Mumbai-based Godrej Properties posted a net profit of Rs 352.37 crore during 2021-22 fiscal year as against a net loss of Rs 189.30 crore in the previous year. Total income increased to Rs 2,585.69 crore in the last fiscal year from Rs 1,333.09 crore in 2020-21. "The real estate sector has strengthened during FY22 and we expect strong growth for the sector over the next few years. We are pleased to close the financial year with our best ever annual sales, cash collections, and earnings. With a robust launch pipeline, strong balance sheet and sectoral tailwinds, we look forward to building on this mome

Godrej Properties buys 58-acre land in Nagpur to develop housing project

Realty firm Godrej Properties Ltd on Thursday said it has acquired a 58-acre land parcel in Nagpur to develop a residential project as part of its strategy to expand business. The company, which is part of Godrej group, did not disclose the value of this land deal. The development on this land will comprise primarily of plotted residential units, the company said in a regulatory filing. The project will offer an estimated saleable area of 1.5 million square feet. "We are happy to add this new project in Nagpur to our portfolio. This fits with our strategy of strengthening our presence in key residential markets across the country," Mohit Malhotra, MD & CEO, Godrej Properties, said. The project has good connectivity to Nagpur Airport and the Nagpur - Hyderabad highway with well-established social infrastructure in the vicinity, the company said. "Nagpur has many prominent infrastructure projects like the Metro Rail project, IT and manufacturing facilities in MIHAN SEZ and Airport

Higher number of project launches, new deals positive for Godrej Properties

The gains for Godrej Properties are from new launches, are however, is factored into the price.

Godrej Properties seeks Rs 1,000 cr revenue from Mumbai new housing project

Realty firm Godrej Properties Ltd will develop a new housing project at Kandivali East in Mumbai with an estimated sales revenue of Rs 1,000 crore. In a regulatory filing, Godrej Properties on Thursday said it has extended an existing arrangements with Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar, Kandivali East. "The new project will have an estimated booking value potential of approximately INR 1,000 crore," Godrej Properties said. This project is an extension of Godrej Tranquil and Godrej Nest, and will offer about 7 Lakh square feet of saleable area. Mohit Malhotra, MD & CEO, Godrej Properties, said, "We are pleased to add this project to our portfolio. Kandivali is a developed micro-market and extending our existing projects in the location fits well with our strategy of deepening our presence in key micro markets across India. In the last few months, Godrej Properties, the largest listed realty firm during the 2020-21 ..

HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions

Loyalie had in January raised Rs 5 crore from investors, including Inflection Point Ventures, to expand and grow its business

Godrej Properties sells 855 homes worth Rs 1,650 crore in Noida project

Realty firm Godrej Properties Ltd on Thursday said it has sold 855 homes worth Rs 1,650 crore within a year of the launch of its project Godrej Woods in Noida. This includes sales of Rs 509 crore in March 2021 and Rs 1,141 crore so far in FY22, the company said in a statement. The project is located in Noida - Sector 43. Mohit Malhotra, MD & CEO, Godrej Properties, said, "Noida is an important market for us, and we will look to sustain and build on this momentum in the years ahead". Godrej Properties entered the NCR Market in 2010 and has, until now, added 18 residential, commercial and township projects across five cities, with seven projects having already been delivered and 11 in various stages of development. Earlier this week, Godrej Properties bought about 50 acres of land parcel at Sonipat in Haryana for plotted development as part of its plan to expand business across major cities. The Mumbai-based firm did not disclose the deal value and the seller's name. This is the .