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Business Standard

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.

The Economic Times

Godrej Properties raises Rs 64.6 crore through 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 Economic Times

Godrej Properties emerges as highest bidder for two plots in Gurgaon

Godrej Properties has emerged as the top bidder for two luxury group housing plots in Gurugram, acquiring them for Rs 515 crore through an e-auction by Haryana Shehri Vikas Pradhikaran. These land parcels offer over 1 million square feet of development potential. Combined with additional acquisitions in NCR regions, GPL’s total estimated revenue potential is over USD 1 billion, says Gaurav Pandey, MD & CEO.

Business Line

Godrej Properties secures prime Gurugram land parcels for ₹515 crore

These prime locations offer a development potential of over 1 million square feet, with an estimated revenue potential exceeding ₹3,400 crore

Mint

Godrej Properties bags two luxury housing plots in Gurugram for ₹515 crore; share price opens in green

Godrej Properties has emerged as the top bidder for two luxury group housing plots in Gurugram, securing a combined bid value of ₹515 crore

Business Standard

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

CNBC TV18

Godrej Properties to develop two group housing plots with ₹3,400 crore revenue potential

Godrej Properties Share Price | The company said the land parcels together will offer a development potential of over 1 million square feet and an estimated revenue potential of more than ₹3,400 crore, comrpising luxury residential apartments and varied configurations.

Business Standard

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

The Economic Times

NeoLiv enters into joint development agreement with Royal Green Realty to develop a township in Sonepat

NeoLiv, founded by former Godrej Properties CEO Mohit Malhotra, joined forces with Royal Green Realty to develop a 20-acre township in Sonepat. With SEBI's approval, NeoLiv aims to raise $150 million for projects in Delhi and Mumbai. The company plans ten projects over 3-4 years, involving premium residential spaces.

Business Standard

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 ...

The Economic Times

Godrej Properties acquires 90 acres of land in Maharashtra’s Khalapur

Godrej Properties, the real estate development arm of Godrej Industries Group, has acquired an approximately 90-acre land parcel in the Khalapur locality of Raigad district, Maharashtra. The land near Karjat Khopoli Road offers around 1.7 million sq ft of saleable area, mainly for residential plotted development. Khalapur is seen as a promising location for such developments.

Business Line

Godrej Properties continues land acquisition spree with Khalapur purchase

The Khalapur acquisition is added to their portfolio, with plans to develop 1.7 million square feet of residential plots

The Economic Times

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

Godrej Properties plans to launch Rs 21,000 crore worth of residential projects by March, capitalizing on strong consumer demand. The company's sales bookings surged nearly four times to Rs 8,637 crore in the first quarter. They are targeting Rs 27,000 crore in sales bookings this fiscal year, aiming for 20% growth.

Business Standard

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

Business Line

Godrej Properties stock rises after securing prime land in Greater Noida for ₹842 crore

Godrej Properties emerges as the highest bidder for two land parcels in Greater Noida; shares rise 2.60% to ₹2,951 on NSE

Mint

Top Stock Recommendations: Sagar Doshi of Nuvama suggests BPCL, Godrej Properties, and Canara Bank for July 18

Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends these three stocks for tomorrow - Bharat Petroleum Corporation Ltd (BPCL), Godrej Properties Ltd, and Canara Bank.

The Economic Times

F&O stocks: Hindustan Aeronautics, Godrej Properties among 5 stocks with short buildup

Stocks witness significant short positions as traders bet on price drops. RBL Bank, Godrej Properties and Ambuja Cements see open interest rise amidst price declines.

Business Line

Godrej Properties sells home over 2000 homes worth ₹3,150 crore in Bengaluru

This marks the second launch with over ₹2000 crore sales for Godrej Properties in the current quarter of Q1 FY25

The Economic Times

Godrej Properties sells more than 2,000 flats in Bengaluru for over Rs 3,150 crore

With the successful launch of this project, Godrej Properties said the company has surpassed its full-year FY24 sales in South India within the first quarter.

The Economic Times

Godrej Properties buys 7-acre land in Bengaluru to build housing project worth Rs 1,200 cr

Godrej Properties has acquired a 7-acre land in Thanisandra, North Bengaluru, for developing a luxury housing project. The project is expected to yield around 9 lakh square feet of residential space, with an estimated revenue of Rs 1,200 crore. In a separate development, the company will also develop an 11-acre land parcel in Hinjewadi, Pune, focusing on group housing and high street retail, with a projected revenue of approximately Rs 1,800 crore.

The Economic Times

Godrej Properties to develop 11-acre project at Pune with revenue potential of Rs 1,800 cr

The newly acquired land is situated in a prime area near the upcoming Megapolis Metro Station, enhancing its accessibility to major IT hubs in Hinjewadi. The location is anticipated to draw substantial interest from both residential and commercial investors due to its proximity to essential amenities such as schools, hospitals, shopping malls, restaurants, and premium hotels.

The Economic Times

Godrej Properties buys TDR certificates for Gurugram project

Godrej Properties has acquired Transfer of Development Rights (TDR) certificates worth Rs 50 crore for its Sector 43 project in Gurgaon, a novel practice in the NCR region but common in Mumbai. These certificates allow for an additional 300,000 sq ft of construction, potentially generating Rs 900 crore in revenue. TDRs, obtained from Haryana government for land acquisition, were sold with a floor area ratio (FAR) of 2. This strategic move is expected to catalyze similar transactions in Gurgaon, following the company's significant sales growth in FY24 and upcoming projects in prime sectors.

Business Line

DLF, Oberoi, Godrej poised for strong Q1 sales, says Morgan Stanley

The forecast suggests a muted first quarter for FY25 due to fewer project launches, with stronger sales expected from DLF, Oberoi Realty, and Godrej Properties

The Economic Times

F&O stocks: Godrej Properties, Oberoi Realty among 5 stocks with short buildup

The article discusses how traders determine a build-up of fresh short positions by analyzing short selling and open interest. Five stocks, including ABB India and Godrej Properties, experienced a decline in stock prices and an increase in open interest, indicating a short build-up.