Chairman of Godrej Group Adi Godrej has said that the company is investing heavily in the property sector and expects that realty would be the biggest contributor to the company's business 10 years ahead. Godrej is a major player in consumer durables and fast moving consumer goods sector.
He told the media in Agra recently that the $3.2 billion Godrej Group had increased its focus on the real estate business in the past few years. In the next 10 years, he expected that real estate will be the single largest contributor to our business.
Godrej Group's real estate unit Godrej Properties is currently developing several residential and commercial projects in different parts of the country including Mumbai, Bangalore, Kolkata and the National Capital Region.
Godrej said he was expecting good growth in India's real estate business in the coming years. Real estate is the single largest industry in India. There is no player who dominates the business, Godrej said.