Godrej Properties buys 9-acre land in Gurugram, sees revenue of Rs 2,500 cr
Golf Course Road Extension will offer 1.6 million square feet of premium residential development29-12-2022
29-12-2022
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.29-12-2022
Godrej properties buys 62-acre land in Kurukshetra; eyes Rs 550 cr revenue
Realty firm Godrej Properties has purchased about 62 acres of land in Kurukshetra, Haryana for over Rs 100 crore to develop a plotted residential project and is targeting around Rs 550 crore revenue from this property. In a regulatory filing, the company informed that this project will offer about 1.4 million square feet of plotted residential development. The company did not mention the total deal value of this land parcel. However, the property brokers said the deal could be around Rs 100 crore. Kurukshetra is a self-sufficient city with good infrastructure consisting of schools, colleges, hospitals and has significant historical and religious importance. Gaurav Pandey, MD & CEO Designate, Godrej Properties, said, the company has entered into Kurukshetra. "Haryana has been a key market for us and we look forward to further strengthen our presence in Haryana with this project," he said. When contacted, a company spokesperson said the project is estimated to generate a sales...26-12-2022
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. Kindly take the same on record.26-12-2022
Godrej Properties Ltd - 533150 - Disclosures Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please note that Godrej Properties Limited ('the Company') has entered into a joint venture with Neelkamal Realtors Tower Private Limited ('NRTPL') for development of property situated at Cadastral Survey No. 1906 of Byculla Division, E-Ward, Mumbai - 400011. The project is being developed by the Company through a Special Purpose Vehicle, viz, Godrej Residency Private Limited ('GRPL'), wherein the Company will hold 50.01% and the balance 49.99% will be held by NRTPL. The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, is enclosed herewith as Annexure - I.24-12-2022
Godrej Properties eyes Rs 3,000 cr sales revenue from new land in Gurugram
Godrej Properties is expecting around Rs 3,000 crore sales revenue from development of a new housing project in Gurugram. In a regulatory filing, the company said it has "entered into an agreement for development of 14.27 acres of land in Gurugram, Haryana." The development will comprise predominantly premium residential apartments. The proposed development on 14.27-acre land will have an estimated revenue potential of about Rs 3,000 crore, it said. Godrej Properties is expanding aggressively to encash rise in housing demand. It is acquiring land outrightly and also entering into partnership with land owners to develop new projects. Earlier this month, Godrej Properties Executive Chairman Pirojsha Godrej had said, "We have added projects worth Rs 16,500 crore so far this financial year and have already crossed our full-year guidance of Rs 15,000 crore. Given strong further visibility, we will end 2022-23 fiscal much ahead of the target." With the addition of this project, the com23-12-2022
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. Kindly take the same on record.23-12-2022
Godrej Properties Ltd - 533150 - Regulation 44 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Results Of Postal Ballot (E-Voting) Along With Scrutinizer'S Report
In terms of the Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the results of voting on resolutions as per Postal Ballot Notice dated November 09, 2022, in the prescribed format, along with the Scrutinizer's Report on voting issued by M/s A.K. Jain & Co., Company Secretaries, Scrutinizer. The resolutions as per the Postal Ballot Notice dated November 09, 2022, were approved by the Members with the requisite majority and are deemed to have been passed on last day of voting i.e. December 12, 2022. The copy of the said Results is also available on the Company''s website at https://www.godrejproperties.com. We request you to take the voting results on records.13-12-2022
Here's How Godrej Properties' Shopping Spree Will Play Out For Shareholders
Godrej Properties has been aggressively buying land parcels in recent times, as compared to its asset-light development model all these years. How will it play out for the company's shareholders?13-12-2022
Godrej Properties adds 8 new projects worth Rs 16,500 cr so far in FY23
Enthused by strong housing demand, Godrej Properties is aggressively acquiring land for future development and has added eight new projects so far this fiscal with an estimated revenue potential of Rs 16,500 crore. With four months still left in 2022-23 financial year, Godrej Properties Executive Chairman Pirojsha Godrej is hopeful that the company will add many more land parcels in its portfolio by March. The company is in discussions with multiple landowners for acquisition of land, either outrightly or by entering into joint development agreements (JDAs). "We have added projects worth Rs 16,500 crore so far this financial year and have already crossed our full year guidance of Rs 15,000 crore. Given strong further visibility, we will end the 2022-23 fiscal much ahead of the target," Pirojsha Godrej told PTI. He did not share the revised target for the new business development for the current fiscal. Pirojsha sounded extremely bullish on sales bookings and new land acquisitions04-12-2022