Tag Archive | "Godrej Properties"
Godrej Frorays into NCR Real Estate- Ties up with Frontier Home for Residential Project
Godrej Group’s real estate arm Godrej Properties has forayed into the national capital region (NCR) with its first residential scheme in north India, a Rs 170 crore joint venture project in Gurgaon. Godrej Properties has entered into an agreement with Frontier Home Developers to develop about 1.05 million sq ft on nine acres of land [...]
Continue reading...Ahmedabad: 3 city realty firms plan IPOs
Thursday, June 17, 2010
The changing skyline of Gujarat cities is also changing the rules of the game for realtors. With the cities pushing their boundaries and big realty firms eyeing a pie in the development cake, local developers are turning to capital markets to raise resources to ride the next growth wave. While JP Infrastructure Ltd (JPIL), popularly known [...]
Continue reading...Godrej may transfer land to another Co for real estate development
Tuesday, June 15, 2010
Business conglomerate Godrej may transfer some of the landholdings held by its subsidiary Godrej Agrovet to another group firm for developing real estate projects. “Yes, there is a possibility of more land from Godrej Agrovet being available for development,” Godrej Group Chairman Adi Godrej said on a conference call with analysts. Godrej Agrovet (GAVL) is a diversified [...]
Continue reading...35 acres for homes, offices in Vikhroli by end of the year
Wednesday, April 14, 2010
The city’s biggest landowner, Godrej Group, is set to release a prime 35-acre chunk in Vikhroli for development by the end of the year. This could be one of the largest sprawls of unencumbered real estate coming into the market in the recent past. Most of the large industrial plots in the eastern suburbs sold [...]
Continue reading...Godrej Properties sells unit’s 49% stake to HDFC PMS
Wednesday, March 31, 2010
Godrej Properties Ltd said on Wednesday it has entered into agreements to transfer 49 per cent equity share in unit Godrej Sea View Properties Pvt Ltd to HDFC PMS for Rs 55 crore. In the first tranche, the company has transferred 22.27 per cent of equity shares to HDFC PMS for Rs 25 crore. The second [...]
Continue reading...Realty firms do not see rate hikes denting sales
Monday, March 22, 2010
The surprise interest rate hike by the Reserve Bank of India (RBI) will not significantly dent property sales, but another widely expected rate hike in April may slow down sales marginally, developers and analysts said today. The RBI on Friday raised its short-term borrowing and lending rates by 25 basis points each and said the measure [...]
Continue reading...Realty cos opt for joint play to save on costs
Friday, March 5, 2010
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 [...]
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