Godrej Properties
India's real estate sector is expected to touch a US$ 1 trillion market size by 2030, accounting for 18-20% of India's GDP.
Godrej Properties was established in 1989 and is part of Godrej Group, one of the largest conglomerates in India. Today, it is one of the leading real estate developers in the country with presence in 13 cities. The company witnessed its highest ever sales in FY20 and added 10 new projects. The booking value stood at Rs. 5,915 crore (US$ 839.13 million) in FY20.
- One of the leading real estate developers in India
- Develops residential, commercial retail and IT projects
- Presence in 13 Indian cities
- Delivered over 25 million square feet of real estate in the past five years
- In FY23, the total income of Godrej Properties stood at Rs. 2,100 crore (US$ 255.4 million).
Godrej Properties - Imagine
| Year | Milestone |
|---|---|
| 2023 |
In June 2023, Godrej Properties (GPL) further increased its stake in the equity share capital of Godrej Home Constructions (GHCL) from 74% to 100% for a total consideration of Rs. 14.98 crore (US$ 1.8 million). Godrej Properties will acquire multiple land parcels in FY24 having a sales revenue potential of around Rs. 15,000 crore (US$ 1.82 billion), post-development. Godrej Properties Ltd. (GPL), on April 1, 2023, announced that it has acquired a 4-acre land parcel near Koregaon Park, an upmarket residential area in Pune. In February 2023, Godrej Properties acquired Raj Kapoor’s Bungalow in Chembur, Mumbai. In January 2023, Godrej Properties purchased 89 acres of land in Khalapur, Maharashtra. |
| 2022 |
In Q3 FY23, Godrej Properties added nine new residential projects in NCR, MMR & Pune with an estimated booking value of Rs. 23,050 crore (US$ 2.81 billion). In December 2022, Godrej Properties entered Golf Course Road Extension in Gurugram, Haryana. In October 2022, Godrej Properties ranked no. 1 amongst global residential developers for its ESG practices by the Global Real Estate Sustainability Benchmark, (GRESB). |
| 2021 |
In September 2021, Godrej Properties announced sales at Rs. 575 crore (US$ 77.12 million) in a single day at the inauguration of Godrej Woods, the second phase of its project in Noida. In September 2021, the company announced to redevelop a residential project in Wadala, Mumbai. In July 2021, Godrej Properties announced plans to invest >US$ 1 billion over the next few years to develop and acquire new projects to further grow in the market. Godrej Properties increased its equity stake in Godrej Realty from 51% to 100% by acquiring equity shares from HDFC Venture Trustee Company. Godrej Properties to launch 10 new real estate projects. |
| 2020 |
The Godrej Group has forayed into financial services segment with Godrej Housing Finance (GHF) through which the company aims to build a long-term and sustainable retail financial services business in India, aiming for a balance sheet of Rs. 10,000 crore (US$ 1.35 billion) in the next three years. |
| 2019 |
Godrej Properties leased ~2lakh sq. ft. of office space to A.P. Moller, Maersk’s business units, at Godrej Two in Mumbai Godrej Properties looked to develop six new projects in Pune |
| 2017 |
Partnered with Taj Hotels to develop world class Taj brand hotel |
| 2016 |
Added a new project in Bengaluru, Karnataka |
| 2015 |
Announced a new township project in Pune, Maharashtra |
| 2010 |
Became a publicly listed company |
| 2008 |
Expansion plans to multiple Indian cities |
| 2007 |
Ranked among the top 10 construction companies in India by Construction World |
| 1999 |
Launched its first project in Pune, Maharashtra |
| 1997 |
Completed its first commercial project in Mumbai, Maharashtra |
| 1994 |
Completed its first residential building in Thane, Maharashtra |
| 1991 |
Signed a memorandum of understanding for its first project |
| 1989 |
Godrej Industries Limited entered the real estate sector |
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