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Godrej Properties has acquired 24 acres of prime land in Indore to develop premium residential units. This strategic acquisition, located near key infrastructure and growing urban hubs, reinforces Godrej’s presence in Indore, a city experiencing rapid real estate growth.
Godrej Properties has acquired 53 acres of land in Joka, Kolkata, to develop a residential project with a revenue potential of Rs 500 crore. The project will offer 1.3 million square feet of saleable area, featuring premium plotted developments in a rapidly growing area, strategically located near the city center and Diamond Harbour.
Godrej Properties reported a 2% rise in net debt for Q2 2024, reaching Rs 7,572 crore, as the company focuses on strategic land acquisitions to fuel future growth. Explore how this debt increase aligns with its long-term expansion plans and what it means for the company’s position in India's competitive real estate market.
Godrej Properties has made a significant leap in the luxury real estate sector by acquiring a 7.5-acre plot in Gurugram. This strategic purchase on Golf Course Road is expected to generate over ₹5,500 crore in revenue, highlighting the company's ambition to deliver high-end residential offerings in one of India's most sought-after markets.
In Q2, Godrej Properties achieved an impressive five-fold increase in net profit, reaching Rs 335.21 crore, thanks to a robust surge in total income, which more than doubled to Rs 1,346.54 crore. This significant growth highlights the company’s strong performance in the recovering real estate market and sets a positive outlook for future developments and investor confidence.
Godrej Properties has made a significant move by acquiring three adjoining plots in Kharghar, Mumbai, aiming to develop a housing project with a potential revenue of ₹3,500 crore. This acquisition not only enhances their portfolio but also reflects the growing demand for housing in the Mumbai Metropolitan Region. Dive into the details of this strategic expansion and what it means for the future of real estate in the area
Godrej Properties has announced a significant fundraising initiative, aiming to raise up to ₹6,000 crore through various financial instruments. This strategic move comes in the wake of the company reporting its highest-ever net profit, despite a decline in revenue. In this blog, we delve into the details of the fundraising plan, its potential impact on the company’s growth strategy, and what it means for investors in the evolving real estate market.
Godrej Properties has made a major move by acquiring two prime residential plots in Gurugram for Rs 515 crore. The company plans to develop luxury residential projects on these plots, with an estimated value of Rs 3,400 crore. This strategic investment not only strengthens Godrej Properties' foothold in a high-demand market but also signals a boost to Gurugram's real estate landscape. Discover how this acquisition could impact the local market and enhance the company's portfolio.
Godrej Properties has secured a 90-acre land parcel in Khalapur, Raigad, marking a significant expansion into Maharashtra's residential market. With an estimated development potential of 1.7 million square feet, this move highlights the company's commitment to growth and the increasing demand for plotted developments in emerging areas.
Explore how the recent government tax relief proposal has sparked a surge in real estate stocks, with Godrej Properties and other major developers seeing substantial gains. This blog delves into the details of the tax changes, their effects on investor sentiment, and what it means for the real estate market.