Godrej Properties | Business Upturn

Godrej Properties announces ₹10 dividend and plans ₹3,000 crore debt issuance

Business Desk — Mon, 04 May 2026 07:57:12 +0000

Godrej Properties has announced a dividend of ₹10 per equity share for the financial year ending March 31, 2026, subject to shareholder approval at the upcoming 41st Annual General Meeting (AGM) on August 4, 2026. The company has also received board approval to raise up to ₹3,000 crore through the issuance of debt securities.

The dividend represents a 200% payout on the face value of ₹5 per share. Shareholders eligible to receive the dividend will be determined as of the record date, July 28, 2026. If approved, the dividend will be distributed to shareholders by September 3, 2026.

In addition to the dividend, Godrej Properties‘ board has authorised the issuance of non-convertible debentures, bonds, or other debt securities on a private placement basis. This fundraising effort aims to raise up to ₹3,000 crore in one or more tranches. A committee of directors has been empowered to decide on the specifics of the issuance, including the amount, timing, and terms.

The board meeting also noted the retirement of Mr. Nadir Godrej as a Non-Executive Non-Independent Director, effective from the conclusion of the 41st AGM. Mr. Godrej, who is stepping down due to his age, has been appreciated for his contributions to the company.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Godrej Properties shares jump 4% as Q4 net profit jumps 68% to Rs 649.88 crore

Aman Shukla — Mon, 04 May 2026 07:17:58 +0000

Godrej Properties shares surged over 4% in early trade after the company reported a strong set of Q4 FY26 results, driven by robust execution, higher revenue recognition, and improved operating performance.

For the quarter ended March 31, 2026, the company posted a sharp rise in both revenue and profitability. Revenue from operations jumped 63.22% YoY to ₹3,458.13 crore compared to ₹2,121.73 crore in the same period last year. Profit attributable to owners of the company rose 68.17% YoY to ₹649.88 crore from ₹381.99 crore.

Total income stood at ₹3,806.65 crore, up from ₹2,681.06 crore a year ago. Meanwhile, total expenses increased to ₹3,023.14 crore from ₹2,078.82 crore, largely due to higher construction costs and project-related spending, reflecting the scale-up in operations.

Operational performance remained a key highlight for the quarter. EBITDA surged 374.90% YoY to ₹522.24 crore from ₹109.96 crore, indicating strong operating leverage.

EBITDA margin improved significantly to 15.10% from 5.18% in the year-ago period, supported by higher revenue recognition and better cost absorption.

Finance costs rose modestly to ₹51.63 crore from ₹45.98 crore, while depreciation and amortisation expenses increased to ₹35.62 crore from ₹21.07 crore.

Profit after tax came in at ₹645.44 crore compared to ₹378.44 crore last year. Earnings per share (EPS) stood at ₹21.58 versus ₹12.68 YoY.

The company also delivered a strong operational performance for FY26, exceeding most of its guidance metrics.

Launch value reached ₹42,200 crore against a guidance of ₹40,000 crore, achieving 106%. Booking value stood at ₹34,171 crore versus a target of ₹32,500 crore, translating to 105% achievement.

Customer collections came in slightly below guidance at ₹19,965 crore compared to ₹21,000 crore, achieving 95%. Deliveries during the year reached 12.1 million square feet, surpassing the guidance of 10 million square feet with a 121% achievement.

Business development significantly outperformed expectations, reaching ₹42,100 crore against a guidance of ₹20,000 crore, marking a 211% achievement.

FY27 Guidance

Looking ahead, Godrej Properties has set an ambitious growth outlook for FY27. The company is targeting launch value of ₹48,000 crore and booking value of ₹39,000 crore.

Customer collections are expected to reach ₹24,000 crore, while deliveries are projected at 13.5 million square feet. Business development guidance has been maintained at ₹20,000 crore.

Godrej Properties reports highest ever net profit of ₹1,850 crore for FY26

Kinjal — Mon, 04 May 2026 07:17:26 +0000

Godrej Properties Limited (GPL), a leading national real estate developer, announced its financial results for the fourth quarter and year ended March 31, 2026. The company delivered its highest ever annual net profit of ₹1,850 crore for FY26, marking a year-on-year growth of 32%. The fourth quarter net profit also saw a significant increase, growing 70% to ₹650 crore, the highest quarterly net profit for the company.

The board of directors has recommended a dividend of ₹10 per share, equivalent to 200% for FY26. This financial year, GPL achieved its highest ever business development, bookings, collections, and operating cash flow. The company retained its position as India’s largest residential developer by booking value for the third consecutive financial year.

Booking value for FY26 grew 16% year-on-year and at a 3-year compound annual growth rate (CAGR) of 41%, reaching ₹34,171 crore. The fourth quarter booking value was the highest ever quarterly bookings by GPL, equalling the previous best quarter in Q4FY25 and growing 21% quarter-on-quarter to ₹10,163 crores.

Collections for FY26 grew by 17% year-on-year and at a 3-year CAGR of 30%, amounting to ₹19,965 crore. The fourth quarter collections stood at ₹7,947 crore, representing a year-on-year growth of 14% and a quarter-on-quarter growth of 86%. This marks the highest collections ever reported by an Indian real estate developer in a quarter and in a financial year.

Operating cash flow (OCF) for Q4FY26 was ₹4,631 crore, showing a year-on-year growth of 14% and a quarter-on-quarter growth of 336%. For the financial year, OCF stood at ₹7,830 crore, a year-on-year growth of 5%. Direct construction spend increased by 62% in FY26.

The company generated free cash flow (FCF) of ₹628 crores in Q4FY26, a 6% increase year-on-year. GPL added ₹42,100 crore of future sales potential through portfolio additions in FY26, achieving over 200% of guidance and delivering a year-on-year growth of 59%. Projects aggregating 12.1 million sq. ft. were delivered in FY26, achieving 121% of guidance.

Commenting on the performance, Mr. Pirojsha Godrej, Executive Chairperson, said, “Godrej Properties delivered a record-breaking financial year 2026 with its highest ever bookings, collections, operating cashflows, earnings, and business development. The demand for residential real estate in India remains strong across key markets and the company will continue to seek to gain market share through outstanding design, timely delivery, and high-quality developments.”

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Godrej Properties approves 29,371 stock options under employee scheme

Arunika Jain — Mon, 04 May 2026 05:10:07 +0000

Godrej Properties has announced the approval of 29,371 stock options to eligible employees under its Employee Stock Grant Scheme (GPL ESGS). The Nomination and Remuneration Committee of the company’s Board of Directors sanctioned the grants during a meeting on 4th May 2026. The exercise price for these options is set at ₹5 per option, with each option allowing the holder to acquire one equity share of the company with a face value of ₹5.

The stock options are structured to vest over a period of three years. Employees will have the opportunity to exercise their options within one month from the vesting date, although this period may be adjusted by the Nomination and Remuneration Committee.

In addition to the approval of new stock options, the committee also noted the lapse of 3,418 stock grants previously issued under the GPL ESGS. The lapse means that the concerned employee will no longer have any claim to these stock grants.

The committee meeting began at 09:30 a.m. and concluded at 10:30 a.m.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top Q4 Results Today, May 4: BHEL, Ambuja Cements, Godrej Properties, Tata Technologies and more to announce earnings

Aman Shukla — Mon, 04 May 2026 02:55:16 +0000

A packed earnings day is set to keep Dalal Street busy, as nearly 45 companies line up to announce their Q4 FY26 results on Monday, May 4. The disclosures will provide key insights into sector-wise performance trends, margin movements, and outlook for FY27.

Heavyweights across sectors—including defence, cement, finance, real estate, auto-tech, and chemicals—are part of today’s result calendar. Among the most closely tracked names are Bharat Heavy Electricals Limited, Ambuja Cements Limited, Jindal Stainless Limited, Godrej Properties Limited, and Tata Technologies Limited.

Investors will also keep a close watch on companies such as Tata Chemicals Limited, Wockhardt Limited, Ather Energy Limited, Manappuram Finance Limited, Exide Industries Limited, and Petronet LNG Limited, as their results could signal demand trends across consumption, energy, and financial services.

Financial and capital market players such as IIFL Capital Services Limited and Computer Age Management Services Limited are expected to shed light on retail participation and market-linked revenues. Meanwhile, infrastructure and industrial-focused companies like KEI Industries Limited and Quess Corp Limited could offer cues on capex and hiring trends.

Full List of Companies Announcing Q4 FY26 Results on May 4

The broader list includes:

Aarti Industries Limited, Aditya Birla Capital Limited, Ambuja Cements Limited, Antelopus Selan Energy Limited, Ather Energy Limited, AVG Logistics Limited, Bharat Heavy Electricals Limited, Bodhi Tree Multimedia Limited, Computer Age Management Services Limited, CSB Bank Limited, De Nora India Limited, Exide Industries Limited, Godrej Properties Limited, IIFL Capital Services Limited, Jaiprakash Power Ventures Limited, Jindal Stainless Limited, Jyothy Labs Limited, KEI Industries Limited, Kothari Sugars and Chemicals Limited, Krishival Foods Limited, Latent View Analytics Limited, Manappuram Finance Limited, NACL Industries Limited, Nath Bio-Genes (India) Limited, Oriental Hotels Limited, Petronet LNG Limited, Premier Energies Limited, Quess Corp Limited, SecUR Credentials Limited, SG Mart Limited, Sobha Limited, Somany Ceramics Limited, South West Pinnacle Exploration Limited, Tata Chemicals Limited, Tata Technologies Limited, and Wockhardt Limited.

Top stocks for trade today, April 10: TCS, Wipro, Godrej Properties, Eicher Motors, Godrej Properties and more

Aman Shukla — Fri, 10 Apr 2026 03:00:18 +0000

Markets head into Friday’s session with a mix of earnings momentum, corporate actions, and sector-specific triggers. IT, real estate, and infra names are likely to remain in focus, while select companies may see stock-specific movement based on announcements.

IT in Focus: Tata Consultancy Services & Wipro

Tata Consultancy Services reported Q4 numbers largely in line with estimates, supported by strong deal wins. Revenue growth in rupee terms marked its highest level in the last 30 quarters, indicating sustained demand momentum despite global uncertainties.

Meanwhile, Wipro will consider a share buyback at its board meeting scheduled for April 15–16, which could influence investor sentiment in the near term.

Realty & Infra: Godrej Properties, Prestige Estates Projects, IRB Infrastructure Developers

Godrej Properties achieved 105% of its FY26 booking value guidance, with collections rising 86% QoQ, reflecting strong demand execution.

Prestige Estates Projects has entered a joint venture to develop a project in Versova with a gross development value of ₹9,000 crore, highlighting continued expansion in key urban markets.

IRB Infrastructure Developers reported a 20.6% YoY increase in toll collections for March, indicating steady traffic growth.

Corporate Actions & Developments

HDFC Life Insurance Company will consider a fund raise via a preferential issue at its April 16 board meeting.

Eicher Motors announced the launch of Royal Enfield’s first “Flying Flea” electric bike, priced from ₹1.99 lakh (ex-showroom), marking its entry into the EV segment.

JSW Energy plans to acquire the remaining 26% stake in JSW Mahanadi Power, strengthening its control over the asset.

Godfrey Phillips India saw a legal overhang ease as Samir Modi and 24/7 Retail withdrew their suit unconditionally.

BSE Limited received SEBI approval to launch derivative contracts on its IT-focused index, potentially enhancing product offerings and trading activity.

Godrej Properties reports highest ever bookings and collections in FY2026

Kinjal — Fri, 10 Apr 2026 00:24:49 +0000

Godrej Properties Limited (GPL), a prominent national real estate developer, has announced record-breaking operational results for the financial year 2026. The company achieved its highest ever bookings, collections, operating cash flow, and business development, solidifying its position as India’s largest residential developer by booking value for the third consecutive year.

In FY2026, GPL’s booking value surged by 16% to ₹34,171 crore, marking the highest booking value ever reported by an Indian real estate developer in a financial year. This growth was driven by the sale of 17,515 units with a total area of 27 million square feet, representing a year-on-year volume growth of 5%. The company’s booking value has grown at a compound annual growth rate (CAGR) of 41% over the past three years.

Collections also reached new heights, increasing by 17% to ₹19,965 crore in FY2026. This is the highest collections ever reported by an Indian real estate developer in a financial year, with a 3-year CAGR of 30%. The operating cash flow rose by 5% to ₹7,830 crore, maintaining a 3-year CAGR of 30%.

GPL added ₹42,100 crore of future sales potential through portfolio additions in FY2026, achieving over 200% of its guidance and delivering a year-on-year growth of 59%. The company delivered projects totalling 12.1 million square feet, achieving 121% of its guidance.

The fourth quarter of FY2026 was particularly strong, with GPL achieving its highest ever quarterly bookings of ₹10,163 crore, a 21% quarter-on-quarter growth. The collections for Q4FY2026 stood at ₹7,947 crore, representing a year-on-year growth of 14% and a quarter-on-quarter growth of 86%.

GPL’s business development in FY2026 was robust, with 18 new projects added, offering a total estimated saleable area of approximately 33.32 million square feet and an expected booking value potential of ₹42,100 crore. The company exceeded its initial guidance of adding ₹20,000 crore of booking value potential.

Promoters increased their stake in GPL by 5.0% in FY2026, investing ₹2,674 crore, and also increased their stake in the holding company, Godrej Industries Limited, by 5.0%, investing ₹1,896 crore.

Gaurav Pandey, MD & CEO of Godrej Properties, highlighted the company’s strong performance and future prospects, stating that the business development additions with a future booking value potential of over ₹42,000 crore will ensure a strong launch pipeline in the coming years.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Godrej Properties acquires 20-acre land in Bengaluru with Rs 1,350 crore revenue potential

Business Desk — Wed, 18 Mar 2026 00:55:48 +0000

Godrej Properties Limited (GPL), a prominent real estate developer in India, has announced the acquisition of a 20-acre land parcel in East Bengaluru. The company plans to develop a premium residential project on this site, which is expected to generate an estimated revenue of approximately ₹1,350 crore, thereby enhancing its presence in one of the city’s most active residential micro-markets.

The newly acquired land is strategically located near NH-648 Main Road, within the Whitefield growth corridor. This area is a well-established residential and commercial zone, known for its proximity to technology firms and service-led employment opportunities. The location offers convenient access to the Whitefield–ITPL region and the NH-648 corridor, ensuring seamless connectivity across East and South Bengaluru. Additionally, the operational metro stations at Kadugodi and Hopefarm on the Purple Line further enhance accessibility to key parts of the city.

Over the past decade, the micro-market surrounding the land parcel has developed significantly, supported by a robust social infrastructure. The presence of reputed schools, healthcare facilities, retail destinations, and leisure avenues has contributed to its evolution into a self-sustained urban ecosystem. Residential demand in the area has remained stable, driven by consistent end-user interest in both mid and premium housing categories.

Gaurav Pandey, MD & CEO of Godrej Properties, commented on the acquisition, stating, “Homebuyers in Bengaluru continue to prioritise thoughtfully designed communities that offer convenience, holistic amenities, and long-term liveability. This land parcel allows us to plan a residential project that aligns with these expectations in a location that has shown steady and diverse housing demand. We will endeavour to create a development that brings together quality design, functionality, and an enhanced living experience for our customers.”

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Godrej Properties Gifts Free Home to Navi Mumbai Family!

Riddhima Jain — Mon, 16 Mar 2026 05:57:24 +0000

Gifts Free Home to Navi Mumbai Family to Mark its 1,00,000 Home Sales!

Mumbai, March 10, 2026 — Godrej Properties has gifted a free home to the Naina family from Nerul, Navi Mumbai, to mark the milestone of selling 1,00,000 homes.

The home is located in Godrej City, Panvel, and the initiative forms part of the company’s celebratory campaign titled “Laakhon Mein Ek”, dedicated to the 1,00,000 families who have chosen a Godrej home.

According to the company, the beneficiary was selected from among its customers through a structured process. The initiative was not a contest or lottery but a gesture of gratitude to homeowners who have contributed to the brand’s journey.

Speaking about the milestone, Pirojsha Godrej, Executive Chairperson, Godrej Properties said, “This moment is a celebration of the trust, belief, and shared dreams of one lakh families. Every key we hand over is a story of hope and every community we build reflects India’s evolving aspirations. Reaching our 1,00,000th customer fills us with pride and gratitude, and reminds us of the responsibility we carry to keep building with purpose, empathy, and integrity.”

The recipient family, Priyanka and Shyam Kumar Naina, expressed their pleasant surprise at being selected, “When we first heard the news, it took time to sink in. After 10 years of saving, this gesture opens doors we didn’t imagine possible. What makes it even more special is knowing that our children, Anirudh and Anaya will grow up in a community like Godrej City with open spaces, a supportive neighbourhood, and the kind of environment every parent hopes for!”

Also commenting on the initiative, Gaurav Pandey, MD & CEO, Godrej Properties added, “Laakhon Mein Ek is our way of celebrating every homeowner who placed their trust in us. Behind every purchase is a story of ambition, emotion, and hard work, and this initiative is a heartfelt thank you to the people who made Godrej Properties what it is today. As we look ahead, our commitment remains the same: to enable everyday joy by creating spaces where life thrives and relationships grow.”

Godrej Properties said it continues to focus on building communities centred around quality, thoughtful design and sustainability, with every project developed as a green-certified development.

Top stocks for trade today, March 13: Godrej Properties, Kalpataru, Avanti Feeds, JK Lakshmi Cement and more

Aman Shukla — Fri, 13 Mar 2026 03:00:25 +0000

Several companies are expected to remain in focus on March 13 following corporate announcements including regulatory approvals, acquisitions, project wins, stake purchases and fundraising plans. Stocks such as Action Construction Equipment, Biocon, Godrej Properties and Gravita India may see attention after positive developments, while some companies reported neutral updates and a few flagged operational risks.

Stocks to Watch Today

Action Construction Equipment (ACE) has executed a joint-venture agreement with Kato Works, a move that could strengthen its presence in construction and material handling equipment segments.

Biocon said its subsidiary Biocon Pharma has received US FDA approval for liraglutide injection, a treatment used for Type-2 diabetes mellitus. Regulatory approvals in the United States typically enable companies to expand their global generics portfolio.

Godrej Properties has acquired a 44-acre land parcel in Coimbatore, with an estimated revenue potential of ₹450 crore, according to the company.

Acme Solar Holdings said its subsidiary has commissioned the second phase of a battery energy storage system project, expanding its energy storage capacity.

Kalpataru has signed a redevelopment project in Andheri West, with a gross development value (GDV) potential of around ₹1,400 crore.

JK Lakshmi Cement has been declared the Preferred Bidder for the Juipahar New Umrangso Limestone Block (A and B) in Assam, which could support future raw material availability for cement production.

Avanti Feeds disclosed that Kotak Mahindra Mutual Fund has acquired more than a 5% stake in the company.

Gravita India announced plans to acquire Rashtriya Metal Industries for ₹559 crore, expanding its recycling and metal processing footprint.

Shaily Engineering Plastics saw a stake purchase where Smallcap World Fund Inc bought 9.11 lakh shares at an average price of ₹1,879 per share.

In Arkade Developers, Amit Mangilal Jain acquired 1 lakh shares, while in NCC, Sirisha Projects purchased 1.14 lakh shares, according to disclosures.

Tourism Finance Corporation of India reported that Unity Associates sold 23.78 lakh shares at ₹65.38 per share.

IndiGrid Infrastructure Trust saw block deals where Neo Real Asset Yield Fund purchased shares and Sankhya Financial Services sold 15.43 lakh shares at ₹162.68 per share.

Max Financial Services has approved fundraising through equity shares of up to ₹2,000 crore, while Manorama Industries’ board approved a fundraising plan of up to ₹500 crore.

ONGC awarded a ₹20.55 crore lubricants supply order to Arabian Petroleum.

DCM Shriram approved an ₹87 crore investment and ₹130 crore capex for a renewable power project at its Bharuch plant, along with capital expenditure of up to ₹130 crore for infrastructure development.

Sigma Advanced Systems completed the sale of its Extrovis AG stake worth ₹137.61 crore, part of a strategy to sharpen focus on aerospace and defence operations.

Fino Payments Bank said it will appeal in the Karnataka High Court after a Bengaluru court rejected its plea to remove a ₹11.92 crore CID lien linked to an investigation.

Avenue Supermarts, which operates the DMart retail chain, opened two new stores in Bavdhan (Pune) and Chilakaluripeta (Palnadu), taking the total store count to 463.

Shriram Finance stated that its subsidiary has applied for a Primary Dealer licence from the Reserve Bank of India.

Sri Lotus Developers incorporated a new wholly owned subsidiary named Sri Lotus Elegancia Realty Private Limited on March 12, 2026.

AGI Infra invested ₹12 crore in Worldnext Realty, acquiring a 60% stake.

Orient Ceratech said CareEdge Ratings reaffirmed the credit ratings for its bank facilities.

Tata Steel has filed a writ petition in the Jharkhand High Court challenging an order issued by the Commissioner of CGST and Central Excise, Jamshedpur, dated December 18, 2025.

Samvardhana Motherson will hold a board meeting on March 19, 2026, to consider an interim dividend for FY26.

Deep Industries approved amendments to its Memorandum of Association to add green energy as a new business vertical.

Power Grid Corporation has acquired NES Pune East New Transmission for an aggregate value of ₹8.05 crore.

JNK India appointed Anand Agarwal as Interim Chief Financial Officer.

Adani Energy Solutions disclosed updates related to USD 500 million senior secured notes due July 2026 issued by its arm Adani Transmission Step One.

Balaji Amines indicated that the ongoing Middle East conflict has disrupted global supply chains, which could impact operations.

Gandhar Oil Refinery (India) highlighted geopolitical risks including rising base oil prices, currency depreciation, freight cost increases and potential UAE-related disruptions. The company noted that it has the ability to pass on price increases to customers.

Zee Learn said its subsidiary Librium Global Resources has lost key clients, and the company expects this development to have a material impact on operations.

Godrej Properties acquires 44-acre land in Coimbatore for ₹450 crore project

Business Desk — Fri, 13 Mar 2026 00:14:30 +0000

Godrej Properties Limited has acquired a 44-acre land parcel in Coimbatore for a premium plotted residential project with a developable potential of approximately 1.1 million square feet and an estimated revenue potential of ₹450 crore.

The acquisition marks the company’s entry into Coimbatore, a city known for its diversified economy driven by manufacturing, IT/ITES, education, and healthcare. The site is located in a sought-after residential micro-market in South Coimbatore, near the Coimbatore Golf Club.

The proposed development will feature a well-planned residential layout with quality infrastructure, landscaped open spaces, and community amenities. This move aligns with Godrej Properties‘ strategy to expand into high-potential growth cities across India, diversifying its regional booking mix and accelerating its plotted development portfolio.

Gaurav Pandey, MD & CEO of Godrej Properties, emphasised the strategic importance of this acquisition, stating that Coimbatore’s strong economic base and resilient end-user demand make it a compelling market for the company’s expansion plans.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Godrej Properties Q3 Results: Net profit jumps 20% YoY to Rs 195.2 crore, revenue falls 48.6%

Aman Shukla — Thu, 05 Feb 2026 07:35:29 +0000

Godrej Properties Limited reported a mixed financial performance for the third quarter, with profit growth at the bottom line even as operational metrics weakened sharply on a year-on-year basis.

The company’s net profit for the quarter rose by 20% year-on-year to ₹195.2 crore, compared with ₹162.6 crore in the corresponding quarter last year. The increase in net profit came despite a sharp contraction in revenue and a deterioration in operating profitability during the period.

Revenue for the quarter declined significantly, falling 48.6% year-on-year to ₹498.4 crore from ₹969 crore in Q3 of the previous financial year. The steep drop in revenue reflects weaker recognition during the quarter compared with a high base in the year-ago period.

At the operating level, performance remained under pressure. Godrej Properties reported an EBITDA loss of ₹182.7 crore for the quarter, against an EBITDA profit of ₹27.7 crore in the same period last year. The swing from operating profit to loss highlights elevated costs and lower operating leverage amid reduced revenue recognition.

Godrej Properties shares jump over 6% after company sell plots worth Rs 1,000 crore at Panipat project launch

Aman Shukla — Tue, 03 Feb 2026 04:08:58 +0000

Godrej Properties shares rallied more than 6% after the company reported an exceptional sales performance at the launch of its premium plotted development, Evora Estate, in Panipat. The project has recorded plot sales worth over ₹1,000 crore since its launch in December 2025, marking a major milestone for the real estate developer and reinforcing strong demand in the plotted development segment.

Evora Estate has seen the sale of more than 600 plots, covering close to 8 lakh square feet of saleable area. This makes it the company’s most successful plotted development launch to date in terms of sales value. The strong traction reflects robust customer interest in well-planned, lifestyle-oriented residential projects, particularly in fast-growing Tier-2 cities.

The project also represents Godrej Properties’ entry into the Panipat real estate market and is the fourth addition to its residential plotted township portfolio in North India. This expansion aligns with the company’s strategy of tapping emerging urban centres with improving infrastructure and rising housing aspirations.

Located in Sector 40, Panipat, the 43-acre Evora Estate benefits from strategic connectivity via NH-44A, enhancing accessibility to key economic and urban hubs. Designed around a Mediterranean theme, the development features a luxury clubhouse and premium lifestyle amenities, positioning it firmly in the high-end residential category.

Godrej Properties shares in focus today after company sells over 600 plots worth Rs 1,000 crore at Panipat project

Aman Shukla — Tue, 03 Feb 2026 02:47:43 +0000

Shares of Godrej Properties Limited are in focus today after the company announced strong sales performance at the launch of its premium plotted development, Evora Estate, in Panipat. The project recorded plot sales worth over ₹1,000 crore since its launch in December 2025, marking a significant milestone for the developer.

Godrej Properties has sold more than 600 plots covering nearly 8 lakh square feet of saleable area at Evora Estate. This achievement makes Evora Estate the company’s most successful plotted development launch to date in terms of sales value. The project also marks Godrej Properties’ first foray into the Panipat real estate market and the fourth addition to its residential plotted township portfolio in North India.

Located in Sector 40, Panipat, the 43-acre Evora Estate enjoys strategic connectivity via NH-44A. The development follows a Mediterranean design theme and includes a luxury clubhouse along with premium lifestyle amenities, positioning it firmly in the high-end residential segment. The strong initial response highlights sustained demand for well-planned plotted developments in emerging urban markets.

Godrej Properties sells homes worth over Rs 2,000 crore in Phase 1 of Godrej Trilogy, Worli

Aman Shukla — Mon, 02 Feb 2026 04:32:31 +0000

Godrej Properties Ltd. (GPL) has announced strong sales momentum at its ultra-luxury residential project Godrej Trilogy in Worli, South Mumbai, with homes worth over ₹2,000 crore sold during Phase 1 of the launch. The project has drawn significant interest from high-end homebuyers, underlining sustained demand for premium residential developments in Mumbai’s prime locations.

Godrej Trilogy is being developed across 2.63 acres in Worli and comprises three residential towers. In the initial launch phase, select floors in two towers—Seaturf and Seafront—were opened for sale, representing an inventory value of approximately ₹3,500 crore. The early response reflects buyer confidence in the location, design, and brand strength associated with the Godrej name.

The project offers spacious 3-bedroom and 4-bedroom residences, with only three apartments per floor. This low-density layout has been designed to provide enhanced privacy, exclusivity, and a premium living experience. Staying true to its name, Godrej Trilogy promises a unique combination of views, with uninterrupted panoramas of the Arabian Sea, the Mumbai skyline, and the Mahalaxmi Racecourse. Once completed, the towers are expected to rank among the tallest residential buildings in India.

Worli continues to strengthen its position as one of India’s most sought-after residential micro-markets. The area benefits from excellent connectivity, proximity to major commercial hubs, and well-established social infrastructure. Residents have access to leading schools, hospitals, retail destinations, and premium commercial developments, making Worli a preferred address for luxury homebuyers.

Strategically located on Dr. Annie Besant Road, Godrej Trilogy offers quick access to key transport corridors. The project is just two minutes from the Mumbai Coastal Road and is close to the Bandra–Worli Sea Link and Metro Line 3, significantly improving east–west and north–south connectivity across the city.

The development also focuses on lifestyle and wellness, supported by a curated amenity ecosystem. A five-level clubhouse forms the centrepiece of the project, featuring a private spa, racquet club, and advanced fitness facilities aimed at enhancing everyday living for residents.

Sustainability remains a core focus for Godrej Properties. The company was ranked number one globally by the Global Real Estate Sustainability Benchmark (GRESB) in 2025 for governance and sustainability practices. In line with this approach, Godrej Trilogy has been designed as an IGBC Platinum pre-certified project, highlighting its emphasis on sustainable design, environmental responsibility, and long-term resident well-being.

Stocks to watch today, Jan 30: Godrej Properties, ACME Solar, Aurobindo Pharma, Voltas, Colgate-Palmolive India and more

Aman Shukla — Fri, 30 Jan 2026 03:09:10 +0000

Indian equity markets are likely to see stock-specific action on Friday, January 30, as several companies announced key business updates and quarterly earnings. From real estate acquisitions and renewable energy contracts to Q3 results and management changes, here are the stocks expected to remain in focus today.

Stocks to Watch Today – January 30

Godrej Properties announced the acquisition of an 8.5-acre land parcel in Mahalunge, Pune. The company stated that the project has an estimated revenue potential of ₹2,000 crore.

ACME Solar said one of its arms executed a power purchase agreement with NHPC for setting up a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project.

Capri Global reported a 99.5% year-on-year rise in net profit. Revenue increased 48.7% to ₹1,220.3 crore compared with ₹820.8 crore in the corresponding quarter last year.

Aurobindo Pharma is in focus after the Directorate General of Foreign Trade imposed a minimum import price on Pen-G, 6-APA and Amoxicillin.

JB Chemicals informed exchanges that Narayan Saraf has resigned as Chief Financial Officer, effective January 30, 2026.

Blue Star reported third-quarter results below estimates. Revenue from the Unitary Cooling Products segment declined 1% on a year-on-year basis.

Swiggy reported a wider net loss of ₹1,065 crore, compared with a loss of ₹800 crore in the year-ago period.

Manappuram Finance reported an 18% year-on-year decline in net profit. Net interest income declined 1% to ₹1,150 crore from ₹1,161 crore.

Voltas posted third-quarter results below estimates. Net profit declined 35.7% to ₹84.9 crore compared with ₹132 crore in the corresponding quarter last year.

Colgate-Palmolive India reported Q3 results in line with estimates. EBITDA declined 1.3% year-on-year to ₹448.2 crore from ₹454.4 crore.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Godrej Properties acquires 8.5-acre land in Mahalunge, Pune, with Rs 2,000 crore revenue potential

Aman Shukla — Fri, 30 Jan 2026 02:34:54 +0000

Godrej Properties Ltd. has strengthened its presence in Pune’s real estate market with the acquisition of a strategically located land parcel in Mahalunge, a fast-growing residential micro-market in the city.

Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, announced that it has acquired an approximately 8.5-acre land parcel through an outright purchase in Mahalunge, Pune. The proposed development on this land will primarily focus on group housing and is expected to unlock a developable potential of nearly 2.1 million square feet. According to the company, the project carries an estimated revenue potential of around ₹2,000 crore.

The newly acquired land is located in the Mahalunge–Maan–Nande belt and forms part of the Mahalunge–Hinjewadi micro-market, one of Pune’s most sought-after residential and commercial growth corridors. The location gains added significance due to its proximity to the upcoming Pune Inner Ring Road and its position along the rapidly developing Hinjewadi–Balewadi corridor, which continues to attract strong demand from homebuyers and investors alike.

Mahalunge benefits from well-established social and civic infrastructure, making it an attractive destination for end users. The area is close to reputed educational institutions such as Delhi Public School, Mahindra International School, and the Symbiosis Centre for Management, enhancing its appeal for families seeking quality residential options. In addition, the location offers seamless connectivity to Baner–Balewadi and Hinjewadi, two prominent Pune micro-markets that serve as major IT and BFSI employment hubs.

Godrej Properties posts record Rs 34,171 crore booking value in CY 2025

Aman Shukla — Thu, 15 Jan 2026 09:18:08 +0000

Godrej Properties Limited (GPL) has reinforced its leadership position in India’s residential real estate sector by emerging as the largest listed residential real estate developer in Calendar Year 2025 for the second consecutive year. The ranking is based on two key operating metrics—booking value and cash collections—underscoring the company’s consistent growth and execution strength across markets.

During CY 2025, Godrej Properties sold 16,428 homes, covering a total saleable area of 27.26 million sq. ft. This performance was supported by 41 successful project launches across major Indian cities. The company’s booking value rose 19% year-on-year to INR 34,171 crore, reflecting a strong CAGR of approximately 44% between CY 2022 and CY 2025. At the same time, collections increased 28% year-on-year to INR 18,979 crore, translating into a healthy three-year CAGR of 35%.

A key highlight of CY 2025 was Godrej Properties’ consistent quarterly performance, with booking value exceeding INR 7,000 crore in each of the four quarters. The company’s sales remained well diversified geographically, reducing concentration risk and strengthening its national footprint. The Mumbai Metropolitan Region (MMR) contributed INR 9,677 crore, followed by NCR with INR 9,348 crore, Bengaluru at INR 6,566 crore, Pune at INR 4,083 crore, and Hyderabad at INR 3,052 crore. This diversified performance was further supported by a robust portfolio, with 11 individual projects each generating booking value of over INR 1,000 crore during the year.

The momentum has continued into the current financial year (FY26). On a year-to-date basis, Godrej Properties has already achieved a booking value of INR 24,008 crore, marking a 25% year-on-year growth, while collections stood at INR 12,018 crore, up 19% year-on-year. In Q3 FY26, the company delivered a particularly strong performance, recording booking value of INR 8,421 crore, a sharp 55% year-on-year increase, and collections of INR 4,282 crore, growing 40% year-on-year.

Top stocks to watch today, December 1: NTPC, Godrej Properties, SML Mahindra, Brigade Enterprises, NCC and more

Aman Shukla — Mon, 01 Dec 2025 02:46:11 +0000

Indian markets are likely to see stock-specific action today as several companies have issued business updates, regulatory filings, order wins, and expansion announcements. Here’s a clear breakdown of the major developments investors will track.

Top Stocks to Watch Today

NTPC

NCLT has approved the resolution plan submitted by the joint venture between NTPC and MAHAGENCO for the Sinnar Thermal Power project.

Godrej Properties

The company emerged as the highest bidder for a 5-acre land parcel at Neopolis, Kokapet in Hyderabad. The estimated revenue potential from this project is about ₹4,150 crore.

Brigade Enterprises

Brigade has signed a joint development agreement for a 0.5 million sq ft residential project in Hyderabad with an estimated gross development value of ₹800 crore.

Defence Stocks

According to Bloomberg, India plans to propose an arms deal with Russia during President Vladimir Putin’s upcoming visit. Defence-linked stocks may stay active.

NCC

NCC secured three orders worth ₹531 crore during November.

Lenskart

For H1, Lenskart reported a 45% rise in EBITDA and same-store sales growth of 15.3% year-on-year.

Sterling & Wilson Renewable Energy

The company has signed a five-year strategic agreement valued at ₹1,381 crore with Adani Green Energy.

Maharashtra Seamless

The company received an order worth ₹217 crore from ONGC for the supply of seamless pipes.

Lupin

Lupin received US FDA approval for its biosimilar Armlupeg. The reference product’s annual US sales stand at $1,295 million.

Neuland Laboratories

The board has approved a capex plan of ₹189 crore to establish an R&D centre in Telangana.

Waaree Energies

Waaree secured an order to supply 140 MW of solar modules to an undisclosed domestic customer.

Tejas Networks

The company received the first tranche of the production-linked incentive amounting to ₹85 crore from the Department of Telecommunications.

HG Infra

Its subsidiary signed a purchase agreement with GUVNL for a 300 MW/600 MWh battery energy storage project.

Neogen Chemicals

Neogen entered into an 80:20 joint venture with the Morita Group for the lithium-ion battery business. MIL will invest $20 million.

Quick Heal

Quick Heal received a ₹65 crore contract from NFSU Research for cybersecurity solutions.

Refex Industries

The company won a contract worth ₹32.89 crore to supply pond ash for NHAI projects.

Arvind SmartSpaces

The company acquired a residential project in Ahmedabad with an estimated sales potential of ₹400 crore.

Speciality Restaurants

Speciality Restaurants signed a franchise agreement with Asia Kitchen by Mainland China to open a new outlet in the UAE.

Dalmia Bharat

The GST department has dropped the ₹287 crore tax and penalty demand for assessment year 2018-19.

Hindustan Zinc

Silver prices have surged to $58 per ounce for the first time, which could put metal-related stocks in focus.

SML Isuzu (SML Mahindra)

The company recorded strong November sales, with total volumes rising 102% year-on-year.

Aviation

Jet fuel (ATF) prices were increased by ₹5,134 per kilolitre, taking Delhi rates to ₹99,676.77 per kilolitre.

Tobacco Companies

The government plans to introduce a cess on tobacco through the upcoming excise amendment bill, which will replace the existing GST cess structure.

Sugar Sector

The Uttar Pradesh government has raised the sugarcane SAP by ₹30 per quintal for the 2025-26 season.

Godrej Properties emerges as highest bidder for Prime 5-Acre Land in Neopolis, Kokapet

Aman Shukla — Mon, 01 Dec 2025 02:17:46 +0000

Godrej Properties Limited (GPL) has taken another significant step toward strengthening its footprint in Hyderabad’s booming real estate market. The company has emerged as the highest bidder in an e-auction held by the Hyderabad Metropolitan Development Authority (HMDA) for a premium five-acre land parcel in the highly sought-after Neopolis, Kokapet locality. The result was reflected on the MSTC Limited e-tendering portal, and the allotment letters will follow once HMDA completes the formal process.

This land parcel is among the most coveted in Hyderabad, and GPL’s participation signals its confidence in the long-term growth potential of the city’s residential market. The company plans to develop a premium residential project on the site, with an estimated saleable area of around 2.5 million sq. ft. The project is expected to generate revenue of nearly ₹4,150 crore, marking it as one of the more ambitious ventures in the region.

Neopolis, Kokapet has quickly evolved into a top residential destination, backed by its excellent connectivity to the Financial District and HITEC City. The region continues to see rapid infrastructure upgrades and has become a preferred hub for professionals working in global technology companies. Its ecosystem of top international schools, healthcare facilities, retail hubs, and modern lifestyle offerings has further pushed demand, leading to some of the highest property valuations in Hyderabad.

This development comes shortly after GPL’s acquisition of a 7.825-acre land parcel in Kukatpally in August 2025. With the new Kokapet win, the company is clearly reinforcing its strategic presence across Hyderabad. In the last few years, GPL has launched successful projects such as Godrej Madison Avenue in Kokapet and Godrej Regal Pavilion in Rajendra Nagar, both of which have performed strongly in the market.

Hyderabad has been one of the fastest-growing regions for Godrej Properties, generating over ₹2,600 crore in sales in calendar year 2025 alone. The city’s strong demand from aspirational and high-income homebuyers continues to drive developers toward premium and luxury residential offerings, and GPL’s latest land acquisition perfectly aligns with this upward trend.

Godrej Properties crosses FY26 guidance with major 75-Acre land acquisition in Nagpur

Aman Shukla — Fri, 21 Nov 2025 02:15:55 +0000

Godrej Properties Limited (GPL), one of India’s prominent real estate developers, has pushed its growth momentum further by acquiring a sprawling 75-acre land parcel in Nagpur. With this deal, the company has already surpassed its FY26 business development guidance of ₹20,000 crore, marking a key milestone well ahead of schedule.

This newly acquired land will be developed mainly into plotted residential units, offering an estimated saleable area of around 1.7 million square feet. The site comes with a strategic advantage, sitting close to the Samruddhi Mahamarg and the MIHAN SEZ, two of Nagpur’s most important connectivity and economic hubs. Its proximity to the Nagpur–Hyderabad Highway and Dr. Babasaheb Ambedkar International Airport further strengthens its appeal for future homebuyers and investors.

The surrounding area is already supported by a strong social infrastructure that includes established hospitals, educational institutions, retail centres, and entertainment options. This makes the location not just convenient but also highly suitable for a planned, modern township.

Gaurav Pandey, MD & CEO, Godrej Properties, stated, “Nagpur continues to strengthen its position as an important centre for infrastructure and industrial development, supported by improving connectivity and rising residential demand. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with our evolving aspirations.”

Top stocks to watch today, November 20: Reliance Industries, Adani Enterprises, Infosys, Godrej Properties, NBCC and more

Aman Shukla — Thu, 20 Nov 2025 02:45:42 +0000

Indian equities are positioned for an active opening on November 20, 2025, as multiple companies released regulatory updates, business announcements, and operational developments that may shape investor sentiment during the session. The following companies are likely to remain on traders’ radar through the session.

Top Stocks to Watch Today

Reliance Industries: Reliance Consumer, the retail arm of the group, has entered the pet-care segment, marking an expansion of its consumer products portfolio.

Adani Enterprises: The company has received a Letter of Intent for the acquisition of Jaiprakash Associates following approval from the Committee of Creditors.

Infosys: The ₹18,000-crore share buyback program opens today and will remain available to investors until November 26.

Vedanta: Developments around Jaiprakash Associates remain in focus as the Adani Group has secured an LoI after clearance from the Committee of Creditors.

Godrej Properties: The company has acquired an additional 3.8-acre land parcel in South Bengaluru, with an estimated revenue potential of ₹2,400 crore.

NBCC: The firm has secured a project management consultancy contract valued at ₹2,966 crore from the Nagpur Metropolitan Region Development Authority.

NTPC Green Energy: NTPC’s renewable energy subsidiary has signed an MoU with Singareni Collieries Company for the development of renewable energy projects.

Mahindra Holidays: The company has entered the leisure hospitality segment with a planned investment of ₹1,000 crore.

City Union Bank: ICRA has upgraded the bank’s credit rating to AA from AA-, while revising the outlook to Stable from Positive.

Brightcom Group: The company’s subsidiary has partnered with Dailymotion Advertising to enhance digital monetisation efforts.

Sammaan Capital: The company has clarified that the ongoing Supreme Court case pertains to a former promoter and that its IHC transaction remains on track.

Capri Global: The firm has set up an insurance broking subsidiary, expanding its presence in financial services.

CG Power: The company has received a tax demand of ₹365 crore.

Sula Vineyards: ICRA has revised the company’s credit rating outlook to Negative from Stable.

Medi Assist: Subsidiary Paramount Health Services has reported a cyber-security incident.

Godrej Properties expands Bengaluru portfolio with Sarjapur Road land acquisition worth Rs 2,400 crore in revenue potential

Aman Shukla — Thu, 20 Nov 2025 02:26:57 +0000

Godrej Properties Limited has expanded its development footprint in South Bengaluru with the acquisition of an additional 3.8-acre land parcel on Sarjapur Road. This strategic purchase unlocks approximately ₹2,400 crore in incremental revenue potential and adds nearly 2 million sq. ft. of developable area to the company’s pipeline. With this expansion, the overall project area now stands at about 30 acres, carrying an estimated total revenue potential of ₹3,500 crore and nearly 3 million sq. ft. of planned development.

This acquisition enables the company to leverage higher FSI permissibility across the combined landholding, allowing the entire parcel to be master-planned as an integrated residential township. The development is envisioned as a premium community featuring ample open spaces, modern lifestyle amenities, and a diverse residential mix designed to support sustainability, wellness, and contemporary urban living.

The land parcel further strengthens the company’s presence in the Sarjapur Road micro-market, one of Bengaluru’s most dynamic residential corridors. The location offers seamless connectivity to key employment hubs, including Outer Ring Road, Whitefield, Bellandur, and Electronic City. Its appeal is reinforced by a mature social ecosystem comprising leading educational institutions, healthcare facilities, retail destinations, and workplace clusters, making it a preferred choice for homebuyers seeking high-quality, well-connected living environments.

Godrej Properties shares fall nearly 3% as Q2 revenue drops 32% YoY to Rs 740 crore, reports EBITDA loss of Rs 513 crore

Aman Shukla — Thu, 06 Nov 2025 06:49:21 +0000

Shares of Godrej Properties Ltd slipped close to 3% in Thursday’s trade after the company announced its Q2 FY2025 financial results. As of 12:18 PM, the shares were trading 2.67% lower at Rs 2,231.90.

The company’s consolidated net profit rose 21% year-on-year to ₹405 crore, compared to ₹335 crore in the same period last year. However, revenue from operations dropped 32% to ₹740 crore, down from ₹1,093 crore in Q2FY24. The decline was largely attributed to slower project recognition, a factor that often influences quarterly performance in the real estate sector.

On the operational front, Godrej Properties posted an EBITDA loss of ₹513 crore, a sharp reversal from an EBITDA profit of ₹32 crore in the corresponding quarter last year.

Godrej Properties Q2 Results: Revenue falls 32% YoY to Rs 740 crore, net profit up 21%

Aman Shukla — Thu, 06 Nov 2025 06:44:07 +0000

Godrej Properties Ltd, one of India’s leading real estate developers, announced its financial results for the second quarter of FY2025, reporting a strong rise in profitability even as revenue and operating margins came under pressure.

The company’s consolidated net profit jumped 21% year-on-year to ₹405 crore, compared to ₹335 crore in the same quarter last year. However, revenue from operations fell 32% to ₹740 crore, down from ₹1,093 crore a year ago, indicating slower project recognition during the quarter.

Operationally, Godrej Properties reported an EBITDA loss of ₹513 crore, against an EBITDA profit of ₹32 crore in Q2FY24.

In the meantime, Godrej Properties shares dropped 2% after the Q2 announcement. As of 12:15 PM, the shares were trading 2.59% lower at Rs 2,233.80.

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

Top Q2 results today, November 6: LIC, NHPC, Godrej Properties, ABB India and more to announce earnings

Aman Shukla — Thu, 06 Nov 2025 02:45:47 +0000

An array of major Indian companies will announce their financial results for the quarter ended September 2025 today, Thursday, November 6. Investors will keep a close eye on heavyweight names from sectors including banking, pharmaceuticals, infrastructure, and manufacturing, as Q2 earnings continue to shape market sentiment.

Key companies declaring results today include Life Insurance Corporation of India (LIC), Cholamandalam Investment and Finance, Cummins India, Apollo Hospitals, ABB India, Mankind Pharma, Zydus Lifesciences, Lupin, NHPC, Godrej Properties, UPL, and Linde India.

Other notable firms set to release their September-quarter numbers are Procter & Gamble Hygiene and Health Care, Birlasoft, Amber Enterprises, Caplin Point Laboratories, Amara Raja Energy & Mobility, Aarti Industries, Clean Science & Technology, Indigo Paints, Rain Industries, and Ajmera Realty.

Godrej Properties secures MahaRERA approval for Rs 10,000 crore luxury project ‘Godrej Trilogy’ in Worli

Aman Shukla — Mon, 27 Oct 2025 02:24:12 +0000

Godrej Properties, one of India’s leading real estate developers, has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its latest luxury residential project — Godrej Trilogy, located in Worli, Mumbai.

Part of a joint redevelopment of a prime land parcel in one of Mumbai’s most sought-after neighbourhoods, the project will feature three premium towers spread across a 2.63-acre plot. The total estimated revenue potential from the development stands at over ₹10,000 crore.

Strategically positioned just off Dr. Annie Besant Road, and adjoining the Mahalaxmi Racecourse, Godrej Trilogy promises uninterrupted views of the Racecourse and the Arabian Sea. The residences are designed to offer an ultra-luxurious lifestyle with spacious layouts, large private decks, and curated world-class amenities.

The company has so far secured RERA approvals for two towers in the first phase, covering around 11 lakh sq. ft. of saleable area. The first phase will include Towers Seaturf and Seafront, which are slated for launch in the current quarter. This phase is expected to make a significant contribution to Godrej Properties’ premium residential portfolio in South Mumbai.

Worli continues to be one of India’s most desirable residential hubs, known for its excellent connectivity, proximity to major business districts, and well-developed infrastructure. The area boasts reputed schools, hospitals, high-end retail spaces, and a mix of luxury residential and commercial projects — making it a preferred address for Mumbai’s elite homebuyers.

Godrej Properties shares jump 2% after acquiring 26-acre land near Sarjapur Road, Bengaluru

Aman Shukla — Wed, 15 Oct 2025 04:23:03 +0000

Godrej Properties shares surged over 2% following the announcement of its acquisition of a 26-acre land parcel in South Bengaluru near Sarjapur Road, one of the city’s fastest-growing residential hubs. As of 9:52 AM, the shares were trading 2.56% higher at Rs 2,110.10.

The company plans to launch a premium residential project on this site, with an estimated revenue potential of around Rs 1,100 crore. This move strengthens Godrej Properties’ focus on the Sarjapur corridor, a location known for high housing demand and excellent connectivity to key employment hubs like Whitefield, Outer Ring Road, and Electronic City.

The area’s proximity to top schools, hospitals, and retail centers continues to attract homebuyers. Godrej Properties already has a strong presence here with successful projects such as Godrej Park Retreat and Godrej Lakeside Orchards, both of which received a positive customer response.

Godrej Properties shares in focus today after company sells homes worth over Rs 1,000 crore at Hyderabad project launch

Aman Shukla — Mon, 25 Aug 2025 02:38:29 +0000

Godrej Properties Limited shares are expected to remain in focus today after the company reported that it has sold inventory worth over ₹1,000 crore at its newly launched residential project, Godrej Regal Pavilion, in Rajendra Nagar, Hyderabad.

The project, which was launched in August 2025, marks the company’s second successful launch in the city this year, with both developments surpassing the ₹1,000 crore sales milestone at launch. This strong performance highlights the depth of demand in Hyderabad’s real estate market and the growing trust in the Godrej brand.

Godrej Regal Pavilion is one of the company’s large residential projects in South India with a developable potential of about 4.14 million square feet and an estimated revenue potential of nearly ₹3,600 crore. The development further strengthens the company’s footprint in South Hyderabad, a market that has been witnessing strong traction thanks to rapid infrastructure development, improved connectivity and rising housing demand.

The project’s location, Rajendra Nagar, has been emerging as one of Hyderabad’s most promising growth corridors. Its proximity to the Outer Ring Road and the international airport, along with the availability of quality infrastructure, has made it an attractive choice for both investors and end-users. With affordability, convenience and connectivity all working in its favor, the locality is expected to play a key role in shaping Hyderabad’s residential landscape.

Top stocks to watch today, August 21: Godrej Properties, RailTel, Ajanta Pharma, India Cements and more

Aman Shukla — Thu, 21 Aug 2025 02:47:41 +0000

Several Indian companies are set to attract attention in today’s trading session following key corporate developments and announcements. Here’s a roundup of the notable stocks and the latest news driving potential market movements.

Stocks To Watch Today

Godrej Properties: Emerged as the highest bidder for a 7.8-acre land parcel in Hyderabad with a revenue potential of ₹3,800 crore.
Fortis Healthcare: Signed an O&M agreement with Ekana Group for a 550-bed super specialty hospital in Lucknow.
RailTel: Received orders worth ₹50 crore from Odisha and Kerala governments for digital infrastructure services.
Arvind Fashions: Appointed Saikot Das, ex-Levi’s Director and FMCG veteran, as Chief Strategy Officer.
Jupiter Wagons: Got a Letter of Intent for a ₹215 crore order to supply Vande Bharat wheelsets.
Ather Energy: Posted 10,248 VAHAN registrations till August 20, on track to become #2 among electric two-wheeler companies.
India Cements: UltraTech board approved the sale of a 6.49% stake via Offer for Sale at ₹368 per share.
Clean Science: Promoters may sell up to 24% stake via block deals at a 13% discount to the current market price.
V-Guard Industries: Promoter sold 82.51 lakh shares via block deals; ICICI Prudential was a key buyer.
HCG (Healthcare Global): Promoter sold 13.92 lakh shares at ₹660 per share via block deals; Axis Mutual Fund was a buyer.
Ajanta Pharma: Income Tax Department conducted searches at its manufacturing units and offices.

Godrej Properties Q1 Results: Net profit rises 15% YoY to Rs 600 crore, revenue falls 41% YoY

Aman Shukla — Fri, 01 Aug 2025 07:16:00 +0000

Godrej Properties posted a mixed set of numbers for the quarter ended June 2025 (Q1 FY26). The company reported a 15.4% year-on-year (YoY) increase in consolidated net profit, which rose to ₹600 crore compared to ₹520 crore in the same quarter last year.

Other income also saw a healthy rise, coming in at ₹1,186 crore versus ₹960 crore in Q1 FY25, likely supporting the bottom line amid weaker core operational performance. However, revenue from operations dropped sharply by 41% to ₹435 crore from ₹739 crore YoY.

On the profitability front, the company reported an EBITDA loss of ₹243 crore, significantly widening from the ₹125 crore loss seen a year ago.

Despite the muted financial performance, operational momentum remained steady. Godrej Properties recorded bookings worth ₹7,082 crore from 4,231 homes across 6.17 million sq. ft., marking its eighth consecutive quarter with over ₹5,000 crore in booking value. Strong launches like Godrej MSR City (₹2,426 crore) and Godrej Majesty (₹925 crore) boosted overall sales, with Bengaluru alone contributing over ₹3,000 crore.

The company also added five new projects during the quarter with an estimated saleable area of 9.24 million sq. ft., and potential booking value of around ₹11,400 crore—achieving 57% of its full-year business development target. Collections grew 22% YoY to ₹3,670 crore.

In the meantime, shares of Godrej Properties traded in a narrow range on Friday, with the stock opening at ₹2,105 and touching an intraday high of ₹2,123. It also hit a low of ₹2,071.50 during the session. The previous close was ₹2,102.90. Godrej Properties is currently trading well below its 52-week high of ₹3,399 but remains above the 52-week low of ₹1,900.

Top Q1 results today, August 1: ITC, Adani Power, Godrej Properties, Tata Power and more to announce earnings

Aman Shukla — Fri, 01 Aug 2025 02:39:21 +0000

Several key Indian companies, including ITC Ltd, Adani Power Ltd, Godrej Properties Ltd, UPL Ltd, and Tata Power Company Ltd, are set to release their financial results for the first quarter of FY26 on Thursday, August 1, 2025. In total, 96 firms are scheduled to announce their earnings today.

Major Companies Releasing Q1 Results Today (August 1, 2025):

ITC Ltd
Adani Power Ltd
Godrej Properties Ltd
UPL Ltd
Tata Power Company Ltd
Tube Investments of India Ltd
LIC Housing Finance Ltd
GlaxoSmithKline Pharmaceuticals Ltd
Multi Commodity Exchange of India Ltd
Narayana Hrudayalaya Ltd
Honeywell Automation Ltd
Delhivery Ltd
Ratnamani Metals and Tubes Ltd
Capri Global Capital Ltd
Graphite India Ltd
Kirloskar Brothers Ltd
Alivus Life Sciences Ltd
G R Infraprojects Ltd
JK Lakshmi Cement Ltd
Shakti Pumps (India) Ltd
PC Jeweller Ltd
Shriram Pistons & Rings Ltd
Ramkrishna Forgings Ltd
Safari Industries (India) Ltd
Jupiter Life Line Hospitals Ltd
Healthcare Global Enterprises Ltd
Dhanuka Agritech Ltd
Symphony Ltd
Aditya Vision Ltd
Digitide Solutions Ltd
RPSG Ventures Ltd
Privi Speciality Chemicals Ltd
Procter and Gamble Health Ltd
Go Fashion India Ltd
Gujarat Themis Biosyn Ltd
Steel Strips Wheels Ltd
Taj GVK Hotels & Resorts Ltd
Sangam (India) Ltd
Baazar Style Retail Ltd
Hester Biosciences Ltd
Century Enka Ltd
Pudumjee Paper Products Ltd
Kabra Extrusion Technik Ltd
Themis Medicare Ltd
Jay Bharat Maruti Ltd
Shree Ganesh Remedies Ltd
Venus Remedies Ltd
Mangalam Worldwide Ltd
Advani Hotels and Resorts (India) Ltd
Lyka Labs Ltd
Kaycee Industries Ltd
Brand Concepts Ltd
Sah Polymers Ltd
Tilak Ventures Ltd
Standard Industries Ltd
Maral Overseas Ltd
Odigma Consultancy Solutions Ltd
Standard Capital Market Ltd
Cinevista Ltd
Warren Tea Ltd
Starlog Enterprises Ltd
Dutron Polymers Ltd
Divyashakti Ltd
Aro Granite Industries Ltd
Next Mediaworks Ltd
Sarthak Industries Ltd
Sarup Industries Ltd
Maris Spinners Ltd
Narendra Properties Ltd
Cochin Malabar Ltd
Vanta Bioscience Ltd
Link Pharmachem Ltd
Stanrose Mafatlal Investment and Finance Ltd
Enbee Trade & Finance Ltd
Raw Edge Industrial Solutions Ltd
Heads UP Ventures Ltd
Shivamshree Businesses Ltd
FGP Ltd
Deccan Polypacks Ltd

Investors are closely watching these announcements for revenue performance, profit trends, forward-looking statements, and management commentary. These elements are likely to influence share price movements and help investors assess near-term opportunities or risks.

Godrej Properties expands in Gujarat with 34-acre land acquisition in Vadodara

Aman Shukla — Thu, 31 Jul 2025 11:36:52 +0000

Godrej Properties Ltd. (GPL), a listed real estate developer (BSE: GODREJPROP), has announced the acquisition of approximately 34 acres of land in Vadodara, Gujarat. The land parcel is located on Ajwa Road, a growing real estate corridor known for plotted developments and villa projects.

The project is planned as a premium plotted residential development with an estimated saleable area of around 0.9 lakh square feet. This marks GPL’s second land acquisition in Gujarat within the past year. In October 2024, the company had acquired a ~3-acre plot in Vastrapur, Ahmedabad.

Ajwa Road offers good connectivity to key parts of Vadodara. The area has access to commercial hubs, educational institutions, and leisure facilities. Its location near Vadodara Airport and the city center supports the residential potential of the site. Infrastructure in the region has been developing steadily, contributing to the area’s real estate activity.

The Vadodara entry is in line with GPL’s ongoing strategy of expanding its presence in key real estate markets across India.

Godrej Properties shares slip 2% after Nomura initiates ‘Reduce’ rating with target price of Rs 1,900

Aman Shukla — Wed, 09 Jul 2025 04:25:57 +0000

Godrej Properties saw its shares dip 2% in morning trade after Nomura began coverage with a “reduce” rating and set a target price of ₹1,900—implying a potential 17.6% downside from the previous close of ₹2,308.

Nomura raised concerns over the real estate developer’s pre-sales momentum, which it expects to be weaker than anticipated. It also flagged that Godrej’s current valuation—trading at a 135% premium to its net asset value (NAV)—is significantly higher compared to peers like Macrotech.

The brokerage expects pre-sales of ₹31,000 crore for FY26, falling short of the company’s ₹32,500 crore guidance, citing muted response from new project launches and a fading buyer sentiment in the real estate space. In contrast, competitors like Macrotech and Prestige have given much stronger pre-sales growth guidance of 20% and 50%, respectively.

Nomura added that Godrej’s medium-term pre-sales growth may fall below its aspirational 20% CAGR due to limited new business development. It also warned of risks linked to the company’s volume-led strategy, which could lead to equity dilution and execution hurdles.

However, the brokerage noted a few potential upside triggers, such as stronger-than-expected response to new launches or quicker-than-planned project rollouts. But for now, execution remains a key concern.

Godrej Properties stock opened at ₹2,279.90 and touched a high of ₹2,283.00 during the session. However, it slipped to a low of ₹2,245.30. The stock remains significantly below its 52-week high of ₹3,402.70 and is trading closer to its 52-week low of ₹1,900.00.

Top stocks in focus on June 30: BHEL, Adani Power, Waaree Energies, NTPC Green, NLC India, Godrej Properties and more

Aman Shukla — Mon, 30 Jun 2025 02:40:25 +0000

A busy Monday is expected for investors as several companies have made important announcements spanning new orders, acquisitions, regulatory approvals, and business expansions. Here’s a quick round-up of notable developments:

Stocks to watch

BHEL secured a large order worth ₹6,500 crore from Adani Power for six thermal units of 800 MW.
Waaree Energies received an order for 540 MW solar modules from a U.S.-based developer.
Zen Technologies received its 54th Indian patent for a laser-based combat training system.
Interarch bagged a ₹77 crore order from Amara Raja.
Neogen Chemicals received an on-account insurance payment of ₹50 crore for the Dahej SEZ plant incident.
Sundram Fasteners saw HDFC Mutual Fund acquire 13.7 lakh shares for ₹137 crore.
Hind Rectifiers secured a ₹101 crore order from Indian Railways.
Prestige Estates and Arihant Group jointly acquired a land parcel in Velachery, Chennai.
ITD Cementation won a ₹580 crore construction contract in Abu Dhabi.
Titagarh Rail received a ₹430.53 crore order from Maharashtra Metro Rail for 12 Pune Metro trainsets.
Hind Copper signed an MoU with IOC for critical mineral block development.
Amber announced entry into power electronics and renewable energy sectors.
Jyoti Ltd got a ₹6.45 crore order for HV switchboards.
Alembic Pharma received US FDA approval for Doxorubicin Hydrochloride Injection.
Western Carriers landed a ₹230 crore order from Jindal Stainless.
Godrej Properties acquired 43 acres in Panipat with potential revenue of ₹1,250 crore.
Nitin Spinners saw an upgrade in its credit rating outlook by CARE Ratings.
Panorama Studios signed a distribution deal with Jio Studios for the Hindi film “MAA”.
Adani Power received a USD 384 million payment from Bangladesh.
DLF received RERA approval for its first Mumbai project, The Westpark.
Aptus Value Housing, Aadhar Housing, and GMR Airports all reported credit rating upgrades.
Graviss Hospitality saw promoter group entity acquire a 1.4% stake.
NTPC Green commissioned 288.9 MW of solar capacity at Khavda, Gujarat.
Granules India completed a US FDA inspection with no observations.
Mahindra Lifespace acquired Shreyas Stones Pvt Ltd.
Sarda Energy received approval to operate its Coal Gasifier Plant in Raipur.
Wardwizard disclosed invocation of a pledge on 37.5 lakh shares by promoter Yatin Gupte.
NLC India secured a 450 MW wind-solar hybrid power project order from NTPC.
EFC announced a ₹57 crore interior and fit-out contract from an MNC.
Umiya Buildcon received RERA registration for its upcoming North Goa residential project.
Crompton Greaves Consumer launched the CapMaxx 2.5MFD capacitor in the lighting segment.
Vesuvius India began commercial operations at its Visakhapatnam plant.
Omaxe received RERA registration for a project in New Palwal through its subsidiary.

Godrej Properties sells homes worth Rs 2,000 crore at Godrej MSR City launch in Bengaluru

Aman Shukla — Mon, 23 Jun 2025 02:40:07 +0000

Godrej Properties Ltd. (GPL) has announced that it sold over ₹2,000 crore worth of inventory during the launch of the first phase of its project, Barca @ Godrej MSR City, in Devanahalli, Bengaluru. The launch took place in April 2025 and has marked the company’s strongest opening in the North Bengaluru market in terms of both value and volume.

Barca is part of the larger Godrej MSR City development, which has a total potential of approximately 5.6 million square feet. A substantial portion of the project remains to be launched, with GPL planning to release the remaining inventory over the coming years. This project is among the developer’s largest in the city and plays a key role in strengthening its footprint in the Bengaluru residential market.

The development offers a Mediterranean-inspired design approach, with landscaped open spaces and a 1.5 lakh square feet clubhouse. Amenities have been designed to support residential needs around wellness, community, work, and leisure.

Devanahalli, where the project is located, has been witnessing increased real estate interest. The area benefits from its location near Kempegowda International Airport, upcoming metro lines, NH 44, and Bellary Road. It is also part of a wider growth corridor supported by ongoing infrastructure work and proximity to established IT and aerospace zones, as well as access to schools and hospitals.

Top stocks to watch today, June 17: HCLTech, TCS, Godrej Properties, Hyundai Motor India, Mphasis and more

Aman Shukla — Tue, 17 Jun 2025 03:30:36 +0000

Indian benchmark indices started the week on a strong note despite global uncertainties and geopolitical tensions. On Monday, June 16, 2025, the BSE Sensex climbed 677.55 points (0.84%) to end at 81,796.15, while the NSE Nifty50 gained 227.90 points (0.92%) to close at 24,946.50.

Today, several stocks will be in focus due to company announcements.

Stocks to Watch on June 17, 2025

HCLTech: The IT services firm has secured a multi-year deal to manage private cloud and network operations for German utility company E.On.

TCS: Tata Consultancy Services will deploy its core banking solution, BaNCS, for the Council of Europe Development Bank.

Godrej Properties: The company has acquired a 16-acre land parcel in Pune’s Upper Kharadi area. The estimated development potential from the project is approximately ₹3,100 crore.

Biocon: The biopharma company has launched a Qualified Institutional Placement (QIP) with an aim to raise up to ₹4,500 crore. The indicative floor price is set at ₹323.2 per share.

DLF: Credit rating agency ICRA has upgraded DLF Cyber City Developers Ltd’s long-term rating to AAA. The outlook has been revised from positive to stable.

Zee Entertainment: The company plans to raise up to ₹2,237 crore through the issuance of warrants to promoter entities at ₹132 per share.

Sona BLW Precision Forgings: The board has reaffirmed its confidence in CEO Vivek Vikram Singh, who will continue to lead business operations. A new chairperson will be appointed soon.

Hyundai Motor India: The company has commenced engine production at its Talegaon manufacturing facility in Maharashtra.

Mastek: The digital engineering firm has won a contract to provide cybersecurity training to the NHS Board and Senior Information Risk Owners (SIRO) in the UK.

Mphasis: The company has partnered with AI underwriting firm Sixfold to support digital transformation in the insurance sector.

Tanla Platforms: The board has approved a buyback of up to 20 lakh shares worth ₹175 crore at a maximum price of ₹875 per share.

Axiscades Technologies: The company has entered into a joint development agreement with Europe-based Indra for defense product innovation.

Asian Paints: Reliance has offloaded 85 lakh shares of Asian Paints to ICICI Prudential at ₹2,207 per share through a block deal conducted on June 12.

Vodafone Idea (VMM): Promoters are reportedly preparing to sell shares worth ₹9,900 crore via block deals. The floor price is expected to be at a 12% discount to the current market price.

Godrej Properties acquires 16-acre land in Upper Kharadi, Pune with Rs 3,100 crore revenue potential

Aman Shukla — Tue, 17 Jun 2025 02:25:28 +0000

Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has announced the acquisition of a strategically located ~16-acre land parcel in Upper Kharadi, Pune. This marks the company’s second major land acquisition in the Kharadi–Wagholi micro-market this month, significantly strengthening its presence in the city’s rapidly growing eastern corridor.

The newly acquired land parcel will be developed into a premium residential and high-street retail project, with an estimated developable potential of ~2.5 million square feet. The project is expected to generate a revenue potential of approximately ₹3,100 crore, adding to the earlier acquisition’s projection and bringing the cumulative estimated revenue potential to ₹7,300 crore from both developments.

Located in Upper Kharadi, this land parcel sits at the heart of one of Pune’s most sought-after residential and commercial zones. The Kharadi–Wagholi belt is renowned for its rapid infrastructure development, seamless connectivity, and proximity to major IT hubs such as Viman Nagar, Magarpatta, and Hadapsar.

In addition to excellent road connectivity, the region boasts a well-established social ecosystem. Residents will benefit from easy access to top schools, hospitals, shopping malls, restaurants, and premium hotels, making it a highly attractive location for homebuyers and investors alike.

Gaurav Pandey, MD and CEO, Godrej Properties, stated, “Upper Kharadi has rapidly emerged as one of Pune’s most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area’s growing demand and our commitment to expanding in high-potential urban clusters across India. We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents.”

Top stocks to watch today, June 16: NTPC, Godrej Properties, ONGC, Oil India, SpiceJet, Natco Pharma and more

Aman Shukla — Mon, 16 Jun 2025 02:53:23 +0000

Indian stock markets are likely to open on a cautious note on Monday, June 16, as global investors monitor geopolitical tensions in the Middle East. Here’s a look at key stocks that will be in focus today:

ONGC, Oil India, Paint Companies, OMCs

Crude oil prices remain elevated with Brent trading near $75 per barrel due to the ongoing Iran-Israel conflict. This could impact oil-linked sectors including oil exploration companies, paint manufacturers, and oil marketing companies (OMCs).

Vedanta Ltd

The company’s board will meet on June 18 to consider the first interim dividend for FY26. Investors will watch for the dividend quantum and commentary on future payouts.

NTPC

NTPC has commenced operations at one 660 MW phase of its three-phase super thermal power project. The operationalisation adds to the company’s thermal generation capacity.

Godrej Properties

Godrej Properties will develop a 14-acre residential project in Hoskote, East Bengaluru. The project has an estimated revenue potential of ₹1,500 crore.

Syngene International

The US Food and Drug Administration (US FDA) has issued a ‘No Action Indicated’ (NAI) classification for Syngene’s Semicon Park facility in Bengaluru, indicating compliance with regulatory norms.

HBL Power Systems

HBL Engineering has received a Letter of Acceptance (LoA) worth ₹164 crore for Kavach-related work in the Vijayawada–Ballarshah section of South Central Railway.

Zee Entertainment

Zee Entertainment’s board is scheduled to meet today to discuss potential fundraising plans and a long-term growth roadmap over the next three to five years.

Tanla Platforms

The company’s board will meet today to consider a share buyback proposal, which may impact stock movement based on the buyback size and premium.

Birla Corporation

Birla Corp has been declared the preferred bidder for a limestone block spanning 500 hectares in Rajasthan. This could aid raw material security for its cement business.

SpiceJet

The airline reported a net profit in FY25, marking its first annual profit in seven years. EBITDA rose 19% year-on-year. The financial performance may lift investor sentiment.

Sun Pharmaceutical

Sun Pharma has received eight observations from the US FDA for its Halol facility, following an inspection. Regulatory compliance remains a key monitorable.

Nazara Technologies

Investor Rekha Jhunjhunwala has exited Nazara Tech by selling 27.23 lakh shares via block deals on Friday. Stock may react to the large stake sale.

Natco Pharma

The US FDA issued one observation for Natco’s API manufacturing facility in Hyderabad following an inspection.

Godrej Properties to develop premium residential project in Hoskote with Rs 1,500 crore revenue potential

Aman Shukla — Mon, 16 Jun 2025 02:27:56 +0000

Godrej Properties Limited (GPL), a leading real estate developer in India, has announced the launch of a premium residential project on a ~14-acre land parcel in Hoskote, East Bengaluru. The upcoming development will offer around 1.5 million sq. ft. of saleable area, with an estimated revenue potential of ₹1,500 crore.

This new project builds on the success of Godrej Woodscapes and further strengthens GPL’s presence in East Bengaluru—an area rapidly emerging as a prime residential and investment destination. The region benefits from strong infrastructure upgrades, quality social amenities, and proximity to key employment hubs such as Whitefield, ITPL, and the upcoming Aerospace Park.

Strategically located just 5 km off NH-75, the site enjoys excellent connectivity to Budigere Cross, KR Puram, and the Whitefield micro-market. The area is also seeing rapid development in terms of road networks, industrial zones, and logistics infrastructure, adding to Hoskote’s appeal as a well-connected urban hub.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Hoskote is an important micro-market for us in East Bengaluru. It continues to show strong demand for quality housing. We aim to create a premium development that delivers long-term value to residents.”

With this project, Godrej Properties continues its strategic expansion into high-growth corridors, aiming to meet the rising demand for future-ready residential communities in Bengaluru.

Godrej Properties acquires14 acre land parcel in Pune for premium housing project

Aman Shukla — Mon, 02 Jun 2025 02:36:34 +0000

Godrej Properties Ltd, a real estate developer in India, has announced the acquisition of a 14-acre land parcel located in the Kharadi-Wagholi area of Pune. The project is planned to include primarily premium group housing.

The development is expected to have a total developable potential of approximately 3.7 million square feet. The estimated revenue potential from the project stands at around ₹4,200 crore.

The site is situated near established commercial hubs in Kharadi, with access to essential infrastructure such as schools, hospitals, shopping malls, restaurants, and hotels. It is also located close to the Chhatrapati Sambhaji Maharaj International Airport.

The Kharadi-Wagholi micro-market has become a key residential zone in Pune due to its connectivity to IT parks, business centers, and ongoing infrastructure upgrades. The area’s growth is supported by sustained housing demand from a professional workforce, positioning it as a significant contributor to Pune’s residential real estate sector.

Gaurav Pandey, MD & CEO, Godrej Properties, stated, “Kharadi – Wagholi is one of the most soughtafter destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India. We will aim to build a high-quality development that creates long-term value for its residents.”

Godrej Properties enters agreement to develop project in Versova with estimated Rs 1,350 crore revenue

Aman Shukla — Fri, 04 Apr 2025 12:14:01 +0000

Godrej Properties Ltd, a leading real estate developer in India, has entered into an agreement for the development of a prime land parcel in Versova, Mumbai. The project offers a developable potential of approximately 4.4 lakh square feet of saleable area and is expected to generate revenue of around ₹1,350 crore.

The new development will primarily feature premium residential apartments in various configurations, catering to Mumbai’s growing demand for high-quality urban housing. This marks Godrej Properties’ first entry into the Versova micro-market, further expanding its presence across Mumbai.

Versova is one of the most sought-after locations in Mumbai’s Western suburbs. It offers excellent connectivity through the Versova Metro Station, Western Express Highway, and Link Road. The upcoming Bandra-Versova Sea Link (BVSL) will significantly improve access to Bandra and South Mumbai, enhancing the area’s real estate appeal.

The locality boasts a strong social and civic infrastructure, including reputed schools, hospitals, and lifestyle destinations. Its proximity to key business hubs makes it ideal for working professionals and families.

Commenting on the development, Gaurav Pandey, MD & CEO of Godrej Properties, said, “This is our first land acquisition in Versova and reflects our confidence in the area’s potential. It aligns with our strategy of strengthening presence in high-demand urban markets.”

Godrej Properties sells over 275 homes worth Rs 2,000 crore in Noida

Aman Shukla — Tue, 01 Apr 2025 02:37:36 +0000

Godrej Properties Ltd. (GPL), a leading real estate developer in India, has achieved a significant milestone with the launch of its luxury residential project, Godrej Riverine in Sector 44, Noida. The company has successfully sold over 275 homes worth ₹2,000 crore, reflecting strong demand for premium housing in the region.

Launched in March 2025, Godrej Riverine spans 6.46 acres and offers luxury apartments in various configurations. The project is strategically located in Sector 44, a prime micro-market in Noida, known for its well-planned infrastructure, wide roads, and excellent connectivity to Delhi. Its proximity to key business hubs makes it an attractive choice for homebuyers looking for a high-end living experience.

This marks the third consecutive ₹2,000+ crore sales achievement for Godrej Properties in Noida. The company had earlier recorded similar sales figures with Godrej Jardinia in Sector 146 (Q1 FY25) and Godrej Tropical Isle in Sector 146 (Q2 FY24), reinforcing its strong market presence.

Expressing gratitude for the overwhelming response, Gaurav Pandey, MD & CEO of Godrej Properties, stated, “We are delighted with the overwhelming response to our luxury project, Godrej Riverine in Noida. We extend our sincere gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We remain committed to delivering an exceptional living experience at this development. Noida is a key market for us, and we look forward to further strengthening our presence in the region in the years ahead.”

Godrej Properties sells homes worth over Rs 1,000 crore on Godrej Astra’s launch day

Aman Shukla — Fri, 28 Mar 2025 02:50:30 +0000

Godrej Properties Limited (GPL) (BSE: GODREJPROP), one of India’s leading real estate developers, has achieved a significant milestone with the launch of Godrej Astra in Gurugram’s prestigious Golf Course Road micro-market. The luxury project witnessed overwhelming demand, with approximately 90 homes sold, generating sales worth over ₹1,000 crores on the first day.

Godrej Astra spans 2.76 acres and offers a perfect blend of modern architecture and premium amenities, catering to homebuyers seeking a sophisticated lifestyle. Golf Course Road is a highly sought-after location known for its upscale residential and commercial developments, excellent infrastructure, and seamless connectivity to key city landmarks.

This marks Godrej Properties’ second launch in the prime Golf Course Road micro-market, further strengthening its foothold in Gurugram’s luxury real estate segment.

Commenting on the success, Gaurav Pandey, MD & CEO of Godrej Properties, said, “We are delighted with the response to our luxury project, Godrej Astra. We’d like to take this opportunity to extend our gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure an exceptional living experience for the residents of Godrej Astra. Gurugram is an extremely important market for Godrej Properties and we look forward to further strengthening our presence there in the coming years.”

Godrej Properties acquires 10 Acres in Yelahanka, Bengaluru for premium residential project

Aman Shukla — Fri, 21 Mar 2025 10:36:37 +0000

Godrej Properties Ltd has announced the acquisition of approximately 10 acres of prime land in Yelahanka, Bengaluru, on March 21, 2025. This strategic move aligns with the company’s vision to expand its footprint in high-growth real estate markets.

The newly acquired land parcel is set to host a premium residential development, offering various configurations to cater to diverse homebuyers. Additionally, the project will include high-street retail, adding to its appeal as a mixed-use development.

According to business projections, the project will have a developable potential of approximately 1.5 million square feet of saleable area. The estimated revenue potential stands at around ₹2,500 crore, based on current market assumptions. This acquisition further strengthens Godrej Properties’ presence in Bengaluru, a key real estate hub with strong demand for premium housing.

In the exchange filing, Godrej Properties shared, “The company has acquired ~10 acres of land in Yelahanka, Bengaluru on March 21, 2025. This project is estimated to have a developable potential of ~1.5 million square feet of saleable area, comprising primarily of premium residential development of various configurations and high street retail, with an estimated revenue potential of ~ INR 2,500 crore (based on the current business assumptions)”

Godrej Properties shares drop nearly 2% after its subsidiary faces FIR over environmental violation claims

Aman Shukla — Thu, 27 Feb 2025 06:27:16 +0000

Shares of Godrej Properties Ltd. dropped nearly 2% on Wednesday following reports that the Central Bureau of Investigation (CBI) has registered a First Information Report (FIR) against its subsidiary, Godrej Estate Developers, for alleged environmental violations in a completed project in Chandigarh.

The CBI alleges that Godrej Estate Developers and Berkeley Realtech Ltd (now RSA Motors Pvt Ltd) developed commercial projects—Godrej Eternia and Berkeley Square—without obtaining mandatory clearance from the National Board of Wildlife (NBWL). These projects reportedly fall within a 10-km eco-sensitive zone of Sukhna Wildlife Sanctuary and City Bird Sanctuary in Chandigarh.

Godrej Properties responded by expressing surprise over the FIR and stated that it would take necessary steps to protect its customers’ interests. The company emphasized that the project in question was completed in compliance with all required approvals.

The FIR follows a preliminary enquiry (PE) initiated in 2023 after a complaint from an under-secretary at Punjab Raj Bhawan. The CBI is investigating allegations of cheating and corruption in the project’s development.

Godrej Properties’ stock opened at ₹1,985.00, reaching a high of ₹2,002.10 and a low of ₹1,949.50. The stock remains volatile, trading near its 52-week low of ₹1,901.00, while far from its 52-week high of ₹3,402.70.

Godrej Properties sells homes worth Rs 1,000 crore at Godrej Evergreen Square launch in Pune

Aman Shukla — Thu, 27 Feb 2025 02:40:30 +0000

Godrej Properties Ltd. (GPL), a leading name in Indian real estate, has set a new benchmark with its latest project, Godrej Evergreen Square in Hinjewadi, Pune. Within just four months of acquiring the land, the company launched the project in November 2024, and it has already generated sales worth over INR 1,000 crore, making it GPL’s most successful launch in Pune.

Spread across 2.41 million square feet, Godrej Evergreen Square has an estimated revenue potential of INR 2,045 crore. This large-scale residential development significantly strengthens GPL’s presence in Pune’s western suburbs, a prime location known for its connectivity and modern infrastructure.

Hinjewadi, a thriving residential and IT hub, offers excellent connectivity via the Mumbai-Bangalore Highway, Mumbai-Pune Expressway, and the upcoming metro line linking Hinjewadi to Shivaji Nagar. With a metro station just two minutes from the project, commuting will become seamless for residents, reducing travel time and enhancing convenience. The locality also boasts top-tier educational institutions, healthcare facilities, shopping malls, and entertainment centers, making it an ideal destination for homebuyers.

Expressing his enthusiasm, Gaurav Pandey, MD & CEO of Godrej Properties, stated, “We are delighted with the overwhelming response to Godrej Evergreen Square. This project has set a new milestone in Pune’s real estate market. We extend our heartfelt gratitude to our customers and stakeholders for their trust in Godrej Properties. Our commitment is to deliver an outstanding living experience.”

Godrej Properties launches Godrej Madison Avenue in Kokapet, Hyderabad

Aman Shukla — Mon, 13 Jan 2025 02:41:43 +0000

Godrej Properties, one of India’s leading real estate developers, has unveiled Godrej Madison Avenue, its first premium residential project in Kokapet, Hyderabad. Spanning ~3 acres with an estimated booking value of ~₹1,300 crore, this iconic development redefines luxury living in one of Hyderabad’s most sought-after locations.

Godrej Madison Avenue offers ~1.2 million square feet of saleable area, featuring 3 & 4 BHK premium apartments. Inspired by Manhattan’s architectural elegance, the project integrates sustainable design and wellness-focused living spaces. Key highlights include landscaped gardens, a Central Park-inspired fountain, and a triple-height lobby.

Residents will enjoy exclusive terrace amenities, such as a gym, badminton court, and lounge, along with a three-level clubhouse, jogging tracks, pickleball courts, and water features. Designed for a modern lifestyle, the project ensures a perfect blend of functionality, luxury, and wellness.

Strategically located on Golden Mile Road in Kokapet, Godrej Madison Avenue offers excellent connectivity to Rajiv Gandhi International Airport, IT hubs, top schools, premium retail, and healthcare facilities. Kokapet’s thriving residential market, driven by Hyderabad’s robust IT ecosystem and infrastructure, makes it a prime destination for high-quality homes.

With Godrej Madison Avenue, Godrej Properties aims to meet the growing demand for luxurious, well-connected living spaces in Hyderabad. Experience world-class living at this thoughtfully designed address, where elegance meets convenience.

Godrej Properties acquires 24-acre land parcel in Indore

Aman Shukla — Fri, 10 Jan 2025 02:46:49 +0000

Godrej Properties Ltd. (GPL), a leading name in Indian real estate, has announced the acquisition of a 24-acre land parcel in Indore. This development will focus on premium plotted residential units, offering a saleable area of approximately 6.20 lakh square feet.

Following its 46-acre acquisition on Indore-Ujjain Road in July 2024, this marks GPL’s second major project in Indore, reinforcing its growing presence in the city.

Strategically located off the prime Indore Bypass Road, the site provides excellent connectivity to key areas like Dewas and Palda. The location features robust infrastructure, with seamless access to major junctions such as Chhatrapati Shivaji Square and other urban nodes.

Residents will enjoy proximity to top-tier amenities, including renowned institutions, healthcare facilities like CHL Hospital, leisure destinations such as Phoenix Inside Mall, and luxury hotels like Sheraton. Additionally, its closeness to IT hubs like Crystal IT Park and Software Technology Parks of India enhances employment opportunities, making it an attractive residential destination.

Gaurav Pandey, MD & CEO, Godrej Properties, commented, “We are happy to expand our presence in Indore further strengthening our presence in this vibrant city. With residential plotted developments gaining momentum, the Indore bypass road presents a promising opportunity for us to expand. This acquisition strategically aligns with our focus on entering high-growth cities through plotted developments. We will aim to build a sustainable, thriving community that not only delivers longterm value to residents but also capitalizes on Indore’s tremendous growth potential.”

Godrej Properties launches QIP, floor price set at at ₹2,727.44 per share

Markets Desk — Wed, 27 Nov 2024 11:53:41 +0000

Godrej Properties Limited has initiated a Qualified Institutional Placement (QIP) to raise capital by issuing equity shares with a face value of ₹5 each. The company’s board, in its October 1, 2024 meeting, approved the QIP, followed by a special resolution by shareholders on October 31, 2024. On November 27, 2024, the QIP Placement Committee officially authorized the opening of the issue.

The floor price for the QIP has been set at ₹2,727.44 per share, determined as per SEBI’s pricing formula. The company retains the right to offer a discount of up to 5% on this floor price. The final issue price will be decided in consultation with the book running lead manager.

The move underscores Godrej Properties’ strategy to strengthen its capital base. The filing of the preliminary placement document with both BSE and NSE was also completed on the same day.