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Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.
Godrej Properties has successfully resolved its long-standing dispute regarding the Godrej Air project in Gurugram by executing a settlement agreement following a month of discussions. This resolution also benefits the project's homebuyers and carries an estimated financial impact of INR 70 crore for the company. Implementation of the agreed actions...
Godrej Properties launched 'On Court,' a large indoor padel facility with four international courts, at Godrej City, Panvel. This coincides with a new phase announcement for 3 & 4 bed Sky Villas, enhancing the township's premium lifestyle and sporting ecosystem, including a 9-hole golf course.
Godrej Properties reported record Q1 bookings of INR 8,651 Cr (+22% YoY) and strong collections of INR 4,348 Cr (+18% YoY). It added INR 9,500 Cr in future sales potential. However, net profit declined 42% to INR 350 Cr. Company remains on track for annual guidance.
Godrej Properties announced its 41st Annual General Meeting. Shareholders will consider a dividend of Rs. 10 per share. Details regarding dividend eligibility and e-voting access are available online for investors.
Godrej Properties secured a 4.95-acre residential plot in Noida for INR 331.75 Cr. This project is expected to generate over INR 2,000 Cr in revenue, significantly boosting GPL's footprint and development pipeline in the NCR.