Godrej Buys Land Worth Rs 26.5 Bn for Housing Projects

23 May 2025 CW Team

Godrej Properties acquired 14 land parcels across major Indian cities in the last financial year, aiming to develop residential projects with a total revenue potential of Rs 265 billion. Chairperson Pirojsha Godrej confirmed the company will continue to actively pursue land acquisitions to fuel its growth.

The acquisitions, all outright purchases, were made in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore. Of these, five plots were secured in Gurugram and Greater Noida alone, which are expected to generate Rs 140 billion in revenue.

“In FY 2024–25, we added Rs 265 billion worth of projects, surpassing our guidance of Rs 200 billion. For this year, we’ve again guided for Rs 200 billion, and I expect we’ll exceed that comfortably,” said Pirojsha Godrej in an interview with PTI.

The company plans to launch housing projects worth Rs 400 billion in the current fiscal year, up from Rs 366 billion worth of launches in the previous year, against earlier guidance of Rs 300 billion.

For FY 2025–26, Godrej Properties has set a pre-sales target of Rs 325 billion—20 per cent higher than last year’s guidance and 10 per cent above its actual sales performance. In FY 2024–25, sales bookings rose 31 per cent to a record Rs 294.44 billion from Rs 225.27 billion the year before.

On the financial front, consolidated net profit surged 93 per cent to Rs 13.99 billion in FY 2024–25, compared to Rs 7.25 billion the previous year. Total income also grew significantly, reaching Rs 69.67 billion, up from Rs 43.34 billion.

Godrej Properties continues to focus on large housing projects in Delhi-NCR, MMR, Pune, Bengaluru, and Hyderabad, while also expanding into smaller cities through plotted developments.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..