Tag: godrej properties

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Godrej Properties buys 75-acre plot in Nagpur

Representative AI image NEW DELHI: Godrej Properties (GPL) has successfully acquired a 75-acre land parcel in Nagpur, which has an estimated revenue potential of ₹755 crore. According to Gaurav Pandey, MD & CEO of Godrej Properties, “This acquisition is a significant milestone in our expansion strategy as we aim to enhance our footprint in emerging real estate markets across India.” This marks the third acquisition in Nagpur within the last four years. The planned development on this land will primarily consist of residential plotted units, offering an estimated saleable area of 1.7 million square feet. With this recent acquisition, the…

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Godrej Properties buys 3.8 acres in Bengaluru

Representative AI image NEW DELHI: Godrej Properties (GPL) has acquired a 3.8-acre land parcel on Sarjapur Road in South Bengaluru. This project has a revenue potential of ₹2,400 crore and a development potential of two million sq. ft. With this acquisition, GPL anticipates an estimated total revenue potential of ₹3,500 crore, encompassing a total of three million sq. ft. across a larger 30-acre development. Published On Nov 20, 2025 at 09:25 AM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & updates. Get all the ETRealty updates right on your smartphone!

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Four of 16 Developers Selected for South Mumbai Rail Plot

Representative AI image The Railway Land Development Authority (RLDA) has narrowed down its selection to four developers from a pool of 16 interested parties bidding for the development of a prime 2.5-acre site in Mahalaxmi, South Mumbai. This project is estimated to hold a revenue potential nearing Rs 10,000 crore, according to sources familiar with the matter. This tender saw significant participation from top developers, signaling a competitive bidding process for this government-owned parcel. The electronic bidding occurred on Tuesday. From what we gather from The Economic Times, the shortlisted developers include Lodha Group, Sobha Ltd, Dineshchandra R Agrawal Infracon,…

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Godrej Properties Q2 FY26 Net Profit Rises 20.73%

NEW DELHI: Godrej Properties (GPL) has recorded a 20.73% increase in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax reached ₹402.99 crore in Q2 FY26, up from ₹333.79 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹1,950.05 crore, reflecting a growth of 44.82% compared to ₹1,346.54 crore in the previous fiscal year’s quarter. Pirojsha Godrej, executive chairperson, remarked, “The ₹6,000 crore raised through a QIP last year, alongside our operational cash flow, will empower us to continue investing…

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Real Estate Firms Surge to NCR Amid Rising Demand and Prices

Representative AI image NEW DELHI: The National Capital Region (NCR) is progressively attracting developers from Mumbai and Bengaluru, with price growth in the market surpassing other areas, experts indicate. Mumbai’s Oberoi Realty is set to introduce its initial project in Gurugram this fiscal year, while Lodha and Rustomjee are exploring land acquisition opportunities in the region, according to informed sources. Bengaluru’s Prestige Group and Sobha, early movers in the region, are now ramping up their expansion, making NCR their fastest-growing market. Godrej Properties and Tata Realty from Mumbai are also bolstering their presence in NCR. Newcomers like Dalcore are selecting…

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Godrej Properties buys 26 acres of land in Bengaluru

Representative AI image NEW DELHI: Godrej Properties (GPL) has acquired a 26-acre land parcel in South Bengaluru, near Sarjapur Road. Gaurav Pandey, MD & CEO, remarked, “As Bengaluru solidifies its reputation as one of India’s most vibrant real estate markets, the Sarjapur Road corridor emerges as a pivotal growth zone in the city’s urban landscape.” GPL intends to develop a premium residential project on this land, projecting a revenue potential of ₹1,100 crore. Published On Oct 15, 2025 at 08:37 AM IST Join a community of over 2 million industry professionals. Subscribe to our Newsletter for the latest insights &…

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Real Estate Stocks Drop on Weak Demand Worries

MUMBAI: Real estate stocks experienced a decline on Wednesday, marking a third consecutive session of losses. Investors took profits amidst concerns over slowing demand. The realty index dropped by more than 2%, accumulating a total decline of 3.5% over the past three days, in contrast to a 1.1% dip in the benchmark Nifty. Out of the 10 stocks in the index, eight recorded losses on Wednesday. Godrej Properties fell by 4%, while DLF and Oberoi Realty decreased by 3.5% and 2.8%, respectively. Lodha Developers and Phoenix Mills each saw declines of over 2%. “Profit-taking in realty stocks follows last year’s…

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Suburban Land Demand Rises Amid Urban Cost Increases

Naugaon and Hapur in NCR, Khopoli and Karjat in Maharashtra, as well as Chikkaballapur and Channapatna in Karnataka are emerging as affordable new destinations for horizontal real estate development, with developers selling plots and farmland. As real estate in metro areas becomes more expensive, buyers are searching for new locations within a reasonable driving distance from major cities. “We are witnessing this trend across India as city land prices soar. Increased construction costs are prompting developers to pivot towards horizontal development, which is thriving as buyers with budgets of ₹50 lakh to ₹2 crore find it increasingly difficult to purchase…

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NeoLiv Signs Land Development Deal in Khopoli

Representative image NeoLiv, a residential investment and development platform, has signed a management agreement for developing 47 acres of prime land in Khopoli, Maharashtra. The project, with an estimated gross development value of around ₹600 crore, will feature a mixed-use community, including premium villas, plots, and retail conveniences for a lifestyle-focused environment. “This represents one of our largest ventures in the country’s most sought-after micro-market. Supported by ultra-high-net-worth investors through our SEBI-approved fund, we aim to deliver residential developments nationwide,” stated Mohit Malhotra, founder and CEO of NeoLiv. The Panvel-Khalapur-Khopoli region has become a real estate hotspot in the Mumbai…

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MIDC Notifies Three Developers, PMRDA Over Hinjewadi Traffic Issues

The Maharashtra Industrial Development Corporation (MIDC) has issued notices to three developers—Gera Developments, Godrej Properties, and VTP Realty—due to hazardous traffic conditions created on several roads in Hinjewadi Phase-III. Officials reported that vehicles carrying excavated material and ready-mix concrete were leaving muddy residue on the roads, creating dangerously slippery conditions. MIDC Executive Engineer RG Totla mentioned in the notice that this has resulted in four to five two-wheelers slipping on these roads. MIDC has mandated that the developers install tyre wash pits at their construction sites and ensure vehicles are cleaned before entering public roads. Additionally, the developers are required…