Mohit Malhotra resigns as GPL’s CEO and Managing Director

Mohit Malhotra has resigned as Managing Director and Chief Executive Officer of Godrej Properties, effective December 31, 2022. Gaurav Pandey, who is now the CEO-North Zone, will take over from Malhotra effective January 1, 2023. The North Zone is now the fastest growing and most profitable zone at GPL, backed by strong business development, strategy, sales and execution excellence. In the five years of his leadership, the zone grew by 6x in booking value, 4x in collections, and imputed ROCE increased very significantly to 27%. In fiscal 2022, PAT for the North Zone was the largest contributor to GPL's P&L. The North Zone was the largest contributor to GPL's P&L.. Pandey served as the CEO of Burman GSC, a joint real estate venture between the Burman family and Golden State Capital, before joining Godrej Properties. Additionally, he served as Senior Vice President and Head of Research & Consulting at PropEquity, the largest real estate research company in India, where he provided real estate investment advice to private equity funds, mutual funds, foreign institutional investors, developers, NBFCs, and banks.