Godrej Properties Exceeds FY24 Projections

Godrej Properties: Rs 300 billion housing projects to launch in FY?25

The real estate company Godrej Properties intends to introduce residential projects valued at Rs 300 billion this fiscal year in prominent cities such as Delhi, Gurugram and Noida. This initiative aims to attain a 20% increase in sales bookings, in line with the company's projections. Pirojsha Adi Godrej, the CEO of Godrej Properties, stated that they had provided sales booking guidance of Rs 2,700 billion for the current fiscal year, reflecting a 20% growth from the high base in 2023-24. To capitalise on this demand, he mentioned that the company had planned launches for multiple projects ac..

Godrej Properties plans Rs 30,000 cr housing projects

Godrej Properties, a prominent real estate developer in India, has unveiled ambitious plans to launch housing projects worth a staggering Rs 30,000 crore in the fiscal year 2024-25. This significant investment underscores the company's commitment to expanding its presence in the residential real estate market and meeting the growing demand for quality housing across the country.

The proposed housing projects encompass a diverse range of developments, including luxury apartments, affordable housing, and integrated townships, catering to the varied needs and preferences of homebuyers. Wit..

Godrej & Boyce, Godrej Properties extend partnership in Vikhroli

Godrej & Boyce, the owner-developer, and Godrej Properties, the development manager, announced that the two companies will continue their Memorandums of Understanding executed from time to time, for development of land in Vikhroli owned by Godrej & Boyce, as and when Godrej & Boyce is desirous of developing the said land. Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, an IGBC Platinum rated residential development project with a total constructed area of 1 million square feet, which has been marketed by Godrej Properties and, in March 2024..

Shriram Finance Sells Housing Finance Business

Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.

Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..

BMC Finds 188 Dilapidated Buildings in Mumbai

The Brihanmumbai Municipal Corporation (BMC) has identified 188 dilapidated buildings across Mumbai, with a significant concentration of 47 in the eastern suburbs alone. This move comes as part of the BMC's ongoing efforts to ensure structural safety and mitigate risks associated with ageing infrastructure in the city.

The identification of these dilapidated structures underscores the pressing need for proactive measures to address potential hazards and safeguard the lives of residents. The BMC's focus on monitoring and assessing the structural integrity of buildings reflects its commit..