Godrej Properties acquires 6 land parcels in Q2

15 Oct 2024 CW Team

To enhance its housing business, Godrej Properties employs a strategy of outright land purchases and partnerships with landowners for joint development.

In its recent operational update, the company revealed that it added eight new land parcels in the first half of the fiscal year, with a total estimated saleable area of about 11 million square feet and an estimated booking value potential of around ?12,650 crore. The six land parcels added in the second quarter are expected to contribute ?9,650 crore in booking value.

Godrej Properties reported achieving 63% of its annual guidance for new business development (land acquisition). Gaurav Pandey, MD & CEO, stated, "Our business development additions of ?12,650 crore in April-September will ensure a robust launch pipeline not only for the current year but for years to come." This includes several projects on the prestigious Golf Course Road in Gurugram, and the company has recently entered the Indore market.

Pandey expressed confidence in the company’s deep understanding of key real estate markets in India and the potential for sustained high-quality performance across all operational metrics in the coming years.

In terms of sales, Godrej Properties reported a 3% increase in bookings to nearly ?5,200 crore in the second quarter, marking the highest-ever booking value for Q2 (July-September). For the first half of the fiscal year, sales booking value soared by 89% year-on-year, exceeding ?13,800 crore, the highest achieved in this period.

Last fiscal year, Godrej Properties became the largest listed real estate firm in India based on sales bookings, with a remarkable 84% increase to ?22,527 crore from ?12,232 crore the previous year. The company aims to achieve ?27,500 crore in sales bookings in the current 2024-25 financial year.

Realty firm Godrej Properties has acquired six new land parcels during the July-September quarter, aiming to develop housing projects valued at ?9,650 crore amid robust demand. As one of India’s leading real estate developers, Godrej Properties has a strong presence in key markets including Delhi-NCR, the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. To enhance its housing business, Godrej Properties employs a strategy of outright land purchases and partnerships with landowners for joint development. In its recent operational update, the company revealed that it added eight new land parcels in the first half of the fiscal year, with a total estimated saleable area of about 11 million square feet and an estimated booking value potential of around ?12,650 crore. The six land parcels added in the second quarter are expected to contribute ?9,650 crore in booking value. Godrej Properties reported achieving 63% of its annual guidance for new business development (land acquisition). Gaurav Pandey, MD & CEO, stated, Our business development additions of ?12,650 crore in April-September will ensure a robust launch pipeline not only for the current year but for years to come. This includes several projects on the prestigious Golf Course Road in Gurugram, and the company has recently entered the Indore market. Pandey expressed confidence in the company’s deep understanding of key real estate markets in India and the potential for sustained high-quality performance across all operational metrics in the coming years. In terms of sales, Godrej Properties reported a 3% increase in bookings to nearly ?5,200 crore in the second quarter, marking the highest-ever booking value for Q2 (July-September). For the first half of the fiscal year, sales booking value soared by 89% year-on-year, exceeding ?13,800 crore, the highest achieved in this period. Last fiscal year, Godrej Properties became the largest listed real estate firm in India based on sales bookings, with a remarkable 84% increase to ?22,527 crore from ?12,232 crore the previous year. The company aims to achieve ?27,500 crore in sales bookings in the current 2024-25 financial year.

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..

Infrastructure Transport

30 May 2026

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..

Infrastructure Urban

30 May 2026

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..