Amid Indian real estate stocks underperformance, why Jefferies favours these shares
Post the larger correction seen for residential developers (Godrej Prop, Lodha) vs mixed use (DLF, Oberoi) - Jefferies continue to favor the former27-02-2023
27-02-2023
Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copies of the advertisement of Postal Ballot Notice published on February 22, 2023 in Financial Express (in English) and Loksatta (in Marathi), with respect to completion of dispatch of Postal Ballot Notice sent to the members through e-mails on February 21, 2023. The above information is also available on the website of the Company at www.godrejproperties.com.22-02-2023
Godrej Properties Ltd - 533150 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Pursuant to Regulation 30 of SEBI Listing Regulations, please find enclosed a copy of the Postal Ballot Notice together with the Explanatory Statement which is being sent to the members by email for seeking their approval by way of Ordinary Resolution for following transactions: 1. To approve material related party transaction with Maan-Hinje Township Developers LLP.; 2. To approve material related party transaction with Godrej Vestamark LLP. The Company has engaged the services of KFin Technologies Limited ('KFintech') for the purpose of providing e-voting facility to all its members. The remote voting will commence from February 22, 2023 (09:00 a.m.) and shall end on March 23, 2023 (05:00 p.m.). The e-voting module shall be disabled by KFintech thereafter. Voting rights of the members shall be in proportion to the shares held by them in the paid-up equity share capital of the Company as on cut-off date. The results of the Postal Ballot will be announced on or before March 25, 2023.21-02-2023
Godrej Properties buys Raj Kapoor's Mumbai Bungalow for Rs 100 crore
Godrej Properties Ltd has acquired legendary film actor, director and producer Raj Kapoor's Bungalow at Chembur in Mumbai for around Rs 100 crore to develop a luxury housing project with a sales potential of Rs 500 crore. The land was purchased from the Kapoor family, legal heirs of Raj Kapoor, the company said in a regulatory filing. When contacted, Godrej Properties Executive Chairman Pirojsha Godrej told PTI: "The total size of the land is around 1 acre. We will develop a premium housing project on this land parcel." "The project will have an estimated sales revenue potential of about Rs 500 crore," Pirojsha Godrej said. He did not disclose the deal value citing confidentiality. Sources said the deal value is around Rs 100 crore. When contacted, real estate consultant Anarock Chairman Anuj Puri told PTI: "The market rate of one acre land at Chembur will be Rs 100-110 crore. Chembur is a vibrant residential market with good connectivity to BKC (Bandra Kurla Complex)." Puri said17-02-2023
Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed a copy of the press release the contents of which are self-explanatory. Please inform your members accordingly. Thank you.17-02-2023
Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In terms of Regulation 30(6) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please note that the Official(s) of the Company will be participating in the Analyst/ Investor Meets/ Events10-02-2023
Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 read with Schedule III Part A, Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached transcript of the conference call organized with the Investors/ Analysts on Thursday, February 02, 2023, post declaration of financial results for the quarter and nine months ended December 31, 2022.08-02-2023
Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In terms of Regulation 30(6) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please note that the Official(s) of the Company will be participating in the Analyst/ Investor Meet/ Event.06-02-2023
Godrej Properties in expansion mode; adds 15 land parcels with sales potential of 27,500 cr so far in FY23
Executive Chairman says housing demand continues to be strong even during this quarter despite a rise in interest rates on home loans05-02-2023
For investors in Godrej Properties, the devil is in the details
It is feared that the company's aggressive expansion strategy will weigh on cash flows, margins, and elevated debt. In Q3FY23, its net debt increased around 90% sequentially to 2,586 crore03-02-2023