+
Godrej Properties Acquires 12 Land Parcels to Develop Rs 234 Billion Projects
Real Estate

Godrej Properties Acquires 12 Land Parcels to Develop Rs 234 Billion Projects

Godrej Properties acquired 12 land parcels between April and December of this financial year to develop housing projects worth Rs 234 billion. The company plans to acquire more land in the ongoing quarter to expand its business amid strong consumer demand. Godrej Properties secures land both through outright purchases and partnerships with landowners under its new business development strategy. During the third quarter of this financial year, the company signed new projects with a total booking value potential of nearly Rs 110 billion. The overall business development surpassed £230 billion in the April-December period. In its latest investor presentation, Godrej Properties stated that it has added 12 projects with a total estimated saleable area of 169 lakh sq ft and a "total estimated booking value potential of Rs 234 billion" during the April-December period. When asked about future land acquisitions, Pirojsha said the pipeline remains strong, with ongoing discussions with landowners across multiple cities. He further noted that the company could reach the Rs 300 billion mark in new business development for the current financial year. Godrej Properties is among the country’s top real estate developers. In the group housing segment, it has a strong presence in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, and Bengaluru. The company has recently entered Hyderabad. For plotted developments, Godrej Properties is open to expanding into Tier-II cities.

Godrej Properties acquired 12 land parcels between April and December of this financial year to develop housing projects worth Rs 234 billion. The company plans to acquire more land in the ongoing quarter to expand its business amid strong consumer demand. Godrej Properties secures land both through outright purchases and partnerships with landowners under its new business development strategy. During the third quarter of this financial year, the company signed new projects with a total booking value potential of nearly Rs 110 billion. The overall business development surpassed £230 billion in the April-December period. In its latest investor presentation, Godrej Properties stated that it has added 12 projects with a total estimated saleable area of 169 lakh sq ft and a total estimated booking value potential of Rs 234 billion during the April-December period. When asked about future land acquisitions, Pirojsha said the pipeline remains strong, with ongoing discussions with landowners across multiple cities. He further noted that the company could reach the Rs 300 billion mark in new business development for the current financial year. Godrej Properties is among the country’s top real estate developers. In the group housing segment, it has a strong presence in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, and Bengaluru. The company has recently entered Hyderabad. For plotted developments, Godrej Properties is open to expanding into Tier-II cities.

Next Story
Infrastructure Urban

Avendus Future Leaders Invests Rs 3 Billion in Aragen Life Sciences

Aragen Life Sciences, a contract research, development, and manufacturing organisation (CRDMO), has received a Rs 3 billion investment from the Avendus Future Leaders Fund (FLF), a private equity fund managed by the Avendus Group, along with SBI Life Insurance. This investment comes out of Avendus’ third fund, which marks the fund’s second investment, the first being its investment in La Renon Healthcare earlier this year. Aragen, established in 2001, is primarily focused on developing innovative pharmaceuticals, though in recent years has started to develop digital and AI technologie..

Next Story
Infrastructure Urban

Earth Fund Receives Rs 50 Million Investment From Nila Spaces

Nila Spaces Limited has become a Limited Partner with Earth Fund, India’s 1st real estate tech and sustainability-focused venture capital fund. It has done so through an investment of Rs 50 million into the fund. The investment aligns with the company’s wider capital allocation plans.Nila Spaces has said that the investment is aimed at improving efficiency of operations, decarbonisation, and strengthening itself for potential change in sectors. These goals can be achieved by being granted access to smart infrastructure, low-carbon materials, and digital construction workflows. Deep Va..

Next Story
Infrastructure Transport

India Boosts Shipbuilding With Rs 25,000 Billion Maritime Fund

The Government of India has announced a series of initiatives to upgrade and modernise the country’s shipbuilding sector, with a strong focus on green technology, financial support, and infrastructure expansion.Key measures include amendments to the Shipbuilding Financial Assistance Policy (SBFAP), release of five standard tug designs for major ports, and revisions to the Right of First Refusal (RoFR) framework to strengthen indigenous shipbuilding. The Green Tug Transition Programme (GTTP) and Harit Nauka guidelines for inland vessels have also been launched to promote sustainable operation..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?