Godrej Properties
There is good news for those real estate companies in Mumbai whose projects have been stuck due to regulatory approvals. The Maharashtra government is now looking to fast track the clearances of the project in Mumbai. Real estate in Mumbai has witnessed low launches in 2011. This was happened due to slow project approval process [...] Continue Reading »
Godrej properties is planning to acquire 14 acre land in Bangalore from Housing Development and Infrastructure Ltd. The cost of the property is estimated at Rs 100 crore. According to sources, the Godrej Property may pay up to Rs 105 crore in case if HDIL obtains all permissions for construction on the land. HDIL plans [...] Continue Reading »
Godrej Properties has planned to concentrate on building residential projects in India. According to an official of the company, the demand will grow in near future. The company has launched 9 residential projects out of 10 property deal in the last financial year. The managing director and chief executive of Godrej Properties have said that [...] Continue Reading »
Godrej Properties is considered as the most promising Indian real estate companies.The company has published its last quarterly performance report. The report shows that the consolidated net sales has grown by 8% while the operational profit of the company has dropped by 17.4 percent. The majority of the income of the company came from the [...] Continue Reading »
Godrej Properties has planned to launch 15 new real estate projects across India. The builder will launch all the projects in 2012-13. According to an official of Godrej properties, all these projects will be launched in 12 cities where they have worked earlier. Among the 15 projects, 10 will be constructed in a joint development [...] Continue Reading »
The Singapore government’s sovereign fund GIC will invest into Bandra-Kurla Complex project by Godrej Properties. More than $100 million will be invested into the project. Godrej Properties will construct the project over 2.5 acre BCK land with a joint development agreement with Jet Airways. Godrej Property also planning to sell a stack in the project [...] Continue Reading »
Real estate developer Godrej Properties announced that they will be developing about 1.36 acre of land for a residential complex in the posh area of Alipore in Kolkata. Like other Godrej Properties projects, this project will be done on a joint venture basis. Godrej Properties is expecting to launch the project in January, 2013 and [...] Continue Reading »
The Godrej Properties and RR builder have signed up a redevelopment agreement for the Mha-da Property in Byculla. As per the agreement Godrej properties will serve the task of conceptualization, design, sales, and marketing of the project. The project will construct more than three lakh sq ft of saleable area on 2.5 acres of land. [...] Continue Reading »
The real estate-focused private equity (PE) firm ASK Property Investment Advisors Pvt. Ltd has planned to invest Rs 100 crore in the redevelopment project in Mumbai By the Godrej Properties. The ASK group has taken 49% stake of the project. the redevelopment projects are considered as a difficult way of construction. The other PE transaction [...] Continue Reading »
Pirojsha Godrej replaced Milind Korde and took over as MD and CEO of Godrej Properties Limited. He will be concentrating more on gaining investors confidence while he will follow the same previous business strategy of asset-light model. Right now GPL has a debt amount of Rs 2000 crore and its interest payment exceeded the company’s [...] Continue Reading »
