Godrej Properties partners with TDI group to develop housing project
Real Estate

Godrej Properties partners with TDI group to develop housing project

On Monday, Godrej Properties Limited said that it has entered into a joint venture (JV) with TDI group to develop a luxury housing project at Connaught Place in Central Delhi.

In a regulatory filing, Godrej Properties notified that the housing project would have a development potential of approximately 1.25 lakh sq ft saleable area.

Godrej Properties said that it entered into a joint venture with the TDI group to create an ultra-luxury housing project in Connaught Place (CP), one of the most premium areas within the central business district of New Delhi.

Godrej Properties is building a housing project at Okhla, while it will shortly launch a luxury housing project at Ashok Vihar in Delhi. In the Delhi-NCR property market, the firm is additionally constructing numerous housing projects in Greater Noida, Noida and Gurugram.

Mumbai-based Godrej Properties is creating its presence across four main cities- Pune, Delhi-NCR, Mumbai Metropolitan Region (MMR), and Bengaluru. It is procuring land properties and entering into joint ventures with landowners to add projects for future growth.

Presently, the firm acquired a 16-acre land parcel in Bengaluru to build mainly residential properties.

Godrej Properties' sales bookings grew 18% to Rs 3,072 crore during the April-September 2021 period, caused by higher demand for its residential properties in Delhi-NCR.

The sales bookings reached Rs 2,605 crore in a similar period of the past financial year.

Godrej Properties reported a five-fold increase in its consolidated net profit to Rs 35.72 crore for the quarter ended September on higher earnings.

Its net profit reached Rs 7.10 crore in the previous year period.

The overall income grew to Rs 334.22 crore in the second quarter of this fiscal, from Rs 250.23 crore in the corresponding period of the previous year.

Godrej Properties, part of the business conglomerate Godrej Group, is one of the leading real estate developers in the nation.

As per the property consultant PropTiger, housing sales are expected to surge by 15-20% yearly during the current calendar year across eight significant cities on pent up demand and low-interest rates on home loans.

During the 2020 calendar year, sales had dropped 47% to 1,82,639 units from 347,586 units in 2019.

Image Source

Also read: Godrej Properties bags 7.5 acre land redevelopment project in Wadala
Also read: Godrej Properties gets Rs 575 cr from home sales in Noida project

On Monday, Godrej Properties Limited said that it has entered into a joint venture (JV) with TDI group to develop a luxury housing project at Connaught Place in Central Delhi. In a regulatory filing, Godrej Properties notified that the housing project would have a development potential of approximately 1.25 lakh sq ft saleable area. Godrej Properties said that it entered into a joint venture with the TDI group to create an ultra-luxury housing project in Connaught Place (CP), one of the most premium areas within the central business district of New Delhi. Godrej Properties is building a housing project at Okhla, while it will shortly launch a luxury housing project at Ashok Vihar in Delhi. In the Delhi-NCR property market, the firm is additionally constructing numerous housing projects in Greater Noida, Noida and Gurugram. Mumbai-based Godrej Properties is creating its presence across four main cities- Pune, Delhi-NCR, Mumbai Metropolitan Region (MMR), and Bengaluru. It is procuring land properties and entering into joint ventures with landowners to add projects for future growth. Presently, the firm acquired a 16-acre land parcel in Bengaluru to build mainly residential properties. Godrej Properties' sales bookings grew 18% to Rs 3,072 crore during the April-September 2021 period, caused by higher demand for its residential properties in Delhi-NCR. The sales bookings reached Rs 2,605 crore in a similar period of the past financial year. Godrej Properties reported a five-fold increase in its consolidated net profit to Rs 35.72 crore for the quarter ended September on higher earnings. Its net profit reached Rs 7.10 crore in the previous year period. The overall income grew to Rs 334.22 crore in the second quarter of this fiscal, from Rs 250.23 crore in the corresponding period of the previous year. Godrej Properties, part of the business conglomerate Godrej Group, is one of the leading real estate developers in the nation. As per the property consultant PropTiger, housing sales are expected to surge by 15-20% yearly during the current calendar year across eight significant cities on pent up demand and low-interest rates on home loans. During the 2020 calendar year, sales had dropped 47% to 1,82,639 units from 347,586 units in 2019. Image Source Also read: Godrej Properties bags 7.5 acre land redevelopment project in Wadala Also read: Godrej Properties gets Rs 575 cr from home sales in Noida project

Next Story
Infrastructure Energy

Adani Green Adds 113 MW At Khavda, Capacity Hits 16.6 GW

Adani Green Energy Limited (AGEL) announced that it has operationalised 112.5 megawatts (MW) of renewable power projects at Khavda in Gujarat, raising its total generation capacity to 16,598.6 MW.The company said in an exchange filing that its step-down subsidiary, Adani Renewable Energy Fifty Six Limited, has commissioned a solar project of 87.5 MW, while Adani Green Energy Twenty Five B Limited has operationalised a 25 MW hybrid project at the same site.Following the required regulatory clearances, the company began power generation on 30 September 2025.With these additions, AGEL’s total o..

Next Story
Infrastructure Energy

Centre Sets National Standards For Renewable Power Use

The Central Government, in consultation with the Bureau of Energy Efficiency (BEE), has issued a new notification establishing minimum renewable energy consumption standards for designated power users across India. This framework replaces the 2023 notification and aims to accelerate the adoption of green electricity among consumers nationwide.Titled the Renewable Consumption Obligation (RCO), the regulation mandates that designated consumers — including electricity distribution licensees, open access consumers, and captive power users — must ensure a specified share of their total electric..

Next Story
Infrastructure Energy

Tata Power Signs Rs 12 Billion PPA For 80 MW Green Project

Tata Power Company announced that its renewable arm, Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.The Rs 12 billion project will combine solar, wind, and battery storage systems to provide reliable renewable power during peak demand periods, strengthening grid stability and meeting the growing energy needs of Mumbai.Scheduled for completion within 24 months, the facility is expected to generate around 315 million units (MUs) of clean electricity ann..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?