Tag Archive | "Godrej Properties"
Realty cos opt for joint play to save on costs
Sky high land prices, unclear titles and a clear need to conserve cash are forcing some real estate companies to do joint development deals with landowners rather than splurge money in buying and holding land at expensive rates. Bangalore-based developers, such as Nitesh Estates, Prestige, Puravankara, Brigade and Mumbai-based Godrej Properties are adopting this route to develop [...]
Continue reading...Lower land costs, transparency lure city realtors to Gujarat
Tuesday, February 23, 2010
The stagnating real estate market in Mumbai is forc- ing many city-based developers to set sights on the neighbour- ing state of Gujarat. Developers such as Godrej Properties, Ackruti City, Ravi Group, K Raheja Group, Sahara Housing, Ajmera and Acme Group are have a number of projects com- ing up in Gujarat. Two factors aiding this [...]
Continue reading...Godrej properties looking at JVs with landowners
Friday, February 19, 2010
Godrej Properties, part of the Godrej Group, is looking at joint ventures with landowners as the firm does not have any landbanks, a top official of the Group said. The focus of Godrej Properties is “affordable housing” with a price range from as low as Rs 5 lakh to Rs 20 lakh and “we see a [...]
Continue reading...Burj designers will sketch Godrej’s Gujarat township
Thursday, February 11, 2010
The hands that designed the world’s tallest building, Burj Khalifa, will now be sketching homes for the Indian customer. None other than Skidmore Owings & Merrill (SOM), one of the world’s largest architectural and engineering firms, has been roped in by Godrej Properties for the Rs 5,000-crore project in Gujarat. Now, the Chicago-based architects and engineers will [...]
Continue reading...Godrej Properties to invest Rs 1,000cr, may raise Rs 400cr debt
Tuesday, January 26, 2010
Godrej Properties on Friday said it will invest over Rs 1,000 crore in the next fiscal on ongoing and new realty projects. The company, which recently raised over Rs 460 crore through an initial public offer, may also raise around Rs 400 crore through debt in the next fiscal to part-fund the development of the projects. “We [...]
Continue reading...Godrej Properties net up 16-fold to Rs 18 cr
Friday, January 22, 2010
Godrej Properties, promoted by Godrej group, posted a 16-fold growth in its net profit for the December quarter of fiscal 2010 on the back of strong bookings. The company posted a net profit of Rs 17.59 crore for the quarter ending December compared with Rs 1.43 crore it posted in the corresponding quarter in the previous [...]
Continue reading...Godrej Properties to raise upto Rs 3,000cr for expansion
Tuesday, January 5, 2010
After its Rs 462-crore initial share sale, the real estate developer Godrej Properties today said it plans to raise around Rs 3,000-crore through debt or equity to fund its expansion plans over the next two-three years. “We plan to raise Rs 2,000-3,000-crore over the next two-three years to fund expansion plans,” Godrej Group chairman Adi Godrej [...]
Continue reading...Godrej Properties fixes IPO price at Rs 490
Monday, December 14, 2009
Godrej Properties today fixed the issue price for its initial public offer at Rs 490 a share at the lower-end of the price band, to garner over Rs 460 crore. The company has fixed the issue price at Rs 490 a share for offering 94.29 lakh equity shares to public, aggregating to Rs 462.05 crore, Godrej [...]
Continue reading...Godrej Properties: asset-light model
Tuesday, December 8, 2009
The company is developing projects over a land bank of around 80 million sq. ft in the next few years Typically, real estate companies are evaluated on the quality of the land bank they own. However, in its forthcoming public issue, Mumbai-based real estate developer Godrej Properties Ltd has a different, asset-light business model. The company is [...]
Continue reading...Godrej to build India’s first green township in city
Sunday, December 6, 2009
Godrej Properties Limited (GPL), a real-estate arm of conglomerate Godrej Group, will launch India’s largest and first green township project in January. The eco-friendly project is coming up near Nirma University on Sarkhej-Gandhinagar road. Adi Godrej, chairman Godrej Group, said that GPL has inked MOU with Clinton Climate Initiative (CCI) programme for the Ahmedabad township project [...]
Continue reading...Godrej Properties IPO to open on Dec 9
Friday, December 4, 2009
Godrej Properties today said it will hit the capital market with its proposed initial public offer (IPO) on December 9 and close on December 11. The real estate company is planning to enter the primary market with an issue size of 94.29 lakh equity shares and the IPO will constitute 13.5 per cent of the post [...]
Continue reading...Godrej announces Rs 200 cr commercial project in Chandigarh
Monday, November 16, 2009
Godrej Properties, the real estate arm of the Godrej group, today announced setting up of its first commercial project in the northern region here with an estimated investment of Rs 200 crore. “Godrej Eteria, which is coming up in Chandigarh, will be our first ever commercial project in north. It will involve an investment of Rs [...]
Continue reading...Realty companies eye Rs 15K-crore mop-up
Friday, November 13, 2009
Cash-strapped real estate companies looking for succor from the capital market are likely to run into headwinds on the pricing front. Market watchers say unless the promoters price their issues a bit more realistically, they are likely to see a tepid response from investors. Some of the high-profile new issues over the past few months were [...]
Continue reading...Godrej Industries, group firms to develop real estate
Wednesday, October 7, 2009
Godrej Industries today said its board has approved entering into an agreement with two group firms — Godrej & Boyce Mfg Co and Godrej Properties — for developing a property in the city suburbs. The board of directors have approved a proposal to enter into a memorandum of understanding (MoU) with Godrej & Boyce Mfg Co [...]
Continue reading...Milestone fund invests Rs110 cr in realty project
Tuesday, October 6, 2009
The investment in the Kolkata project is from the second scheme of the realty fund, Milestone Domestic Scheme II, with a total corpus of Rs593.7 crore Milestone Group on Monday said it has invested Rs110 crore in a residential project in Kolkata from its realty fund—Milestone Real Estate Fund. The project, which is jointly developed by [...]
Continue reading...
- India among world’s top 3 preferred investment destination
- NOIDA, Greater Noida Flat Booking : but a little cautious
- Delhi : 1000 unauthorized colonies will be regularized soon
- 275-metre ritzy tower to come up in Prabhadevi
- DLF changes tack in city realty market
- MMRDA clears land for 50,000 rental flats
- Gudi Padwa fails to bring cheer to realty market
- Noida Extension is all set to become Delhi NCR’s next budget housing hub
- Ghaziabad : Residents get raw deal from builders , They allege many promises unfulfilled
- Technopark ties up with group of banks for funding
Friday, March 5, 2010
0 Comments