Page 9 - Godrej Properties

New project sales boost growth prospects of Godrej Properties stock

Most of the firm's projects, to be launched in H2FY20 and FY21 in Mumbai, are in the luxury and premium segment

Facing liquidity issues, big realtors eye new development management models

Godrej signed a similar deal with a Bengaluru-based developer recently. In the new version of DM, Godrej may or may not charge a fee, as it's a 50 per cent partner in the project

With Rs 3,000 cr cash in hand, Godrej eyes properties in prime locations

Their strategy is currently contrarian to the market, where developers are cutting on launches and preferring to clear existing stock, to generate cash and repay dues.

Chris Wood cuts India exposure; DLF replaces Godrej Properties in portfolio

Besides India, weightage of Indonesia, Thailand and Vietnam has also been cut by one percentage point each. On the other hand, exposure to Korea has been increased by 5 percentage points

Godrej Properties adds three new projects in Mumbai, one in Bengaluru

GPL has entered into a joint venture to develop a township project of over 100 acres in the well-established and growing residential market of Navi Mumbai

Home prices will remain flattish for another year, says Pirojsha Godrej

Real estate is a cyclical industry and adjusting the supply of projects is not very easy, unlike in manufacturing, says Godrej

9 listed housing firms' combined sales up 11% at Rs 5,300 cr in Q1: Anarock

According to the Anarock report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19

Govt's Rs 25,000 cr realty push: Here's why most analysts remain cautious

The Union Cabinet has approved the setting up of an AIF to revive around 1,600 stalled housing projects across top cities in the country.

Realty, NBFC, Cement: Select stocks from these sectors set to rise over 10%

While the development is a step in the right direction as regards the real estate sector, non-bank fiannce companies (NBFCs) and the cement sector, too, will reap benefits, some experts say

Godrej Properties raises Rs 2,100 cr by issuing equity shares to QIP

The issue had opened on June 25 and closed on June 28, 2019.

Real estate shares in focus; Godrej Properties hits record high

At 11:21 am, the Nifty Realty index, the largest gainer among sectoral indices, was up 2 per cent at 284, as compared to a 0.39 per cent rise in the benchmark Nifty 50 index

Godrej family hires top law firms to untangle land holdings worth Rs 20k-cr

The Godrej group owns 3,400 acres in Vikhroli, a northeastern suburb of Mumbai. Of this, about 1,000 acres can be developed

Godrej Properties buys RK Studios for an undisclosed sum

Spread across 2.2 acres, the developer can build approximately 33,000 square meters (approximately 0.35 million square feet) of saleable area

Godrej Properties sold 2,900 flats for over Rs 2,100 cr during Q4 FY19

The January-March quarter of 2018-19 was Godrej Properties' best ever quarter for bookings

Godrej realty PE arm to raise new fund focused on co-working, data centres

Godrej Fund Management (GFM), real estate private equity arm of Godrej Group, is thinking of raising a fund in 2019, to invest in "sunrise" segments such as co-working spaces and data centres."We are looking to expand in new assets on the income generating side," said Karan Bolaria, chief executive and managing director at Godrej Investment Advisors. He did not divulge the size of the corpus to be raised.Property consultancy Knight Frank estimates that co-working operators accounted for 1.27 million sq ft of office leasing in the first half of 2018. This is close to a 200 per cent increase over the first half of 2017. GFM has funds focused on residential property and on office and commercial property. Bolaria said they were also considering floating a real estate investment trust (Reit) for commercial properties. "In the next 24 months, once we have a portfolio of three to five million sq ft, we will have a reasonable size to take it to a Reit," he said.Embassy Office Parks, a joint ..

Godrej-Hero Cycles join hands to develop commercial project in Gurugram

The JV would develop, lease, and manage around 1 million square feet of prime office and retail space on the 4-acre property

Godrej Properties net debt down 51% in 1 yr to Rs 15.39 bn on better sales

The net debt of Gordej Properties -- the real estate arm of Godrej group -- stood at Rs 15.39 billion as on September 30, 2018 as against Rs 31.37 billion a year-ago

Godrej Properties extends rally on robust Q4 results; stock hits new high

The stock hit a new high of Rs 917, up 8%, extending its past two days 8% surged after the company reported an over two-fold jump in its consolidated net profit at Rs 1.41 billion in Q4FY18.

GIC firm to put in Rs 10 billion in Godrej Properties: Pirojsha Godrej

The investment company will have a stake of 5 percent in the company post allotment of shares

Godrej Properties Q4 net more than doubles to Rs 1.41 mn on robust sales

Total income also rose sharply by 84% to Rs 8.48 billion from in the fourth quarter of the last financial year