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 Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..