Tag: godrej properties

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Godrej Properties Secures 23.2 Acres in Greater Noida Auction

Representative AI image NEW DELHI: Godrej Properties (GPL) has successfully acquired a 23.2-acre (93,905 sq meters) residential land parcel in Greater Noida’s DMIC integrated township through an e-auction overseen by DMIC Integrated Industrial Township Greater Noida. The company intends to develop a residential housing project on the land, projected to generate revenue exceeding ₹7,000 crore. Recently, GPL partnered with Tata Projects for core and shell construction work across three upcoming projects located along Golf Course Road in Gurugram. The total contract value is around ₹1,100 crore. Published on Jun 1, 2026, at 08:12 AM IST Join a community of 2M+…

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Top 11 Developers’ Pre-Sales Jump 18% to ₹1.48 Lakh Crore

NEW DELHI: According to an Anarock Research analysis, the combined pre-sales of 11 listed real estate developers increased by 18% year-on-year, reaching ₹1,48,158 crore in FY26, up from ₹1,25,841 crore in FY25. The analysis focused on major players including Godrej Properties, Prestige Estates, DLF, Macrotech Developers, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil Developers, Keystone Realtors, and Sobha. Developers with significant exposure to premium and luxury housing exhibited stronger growth over the year. Prestige Estates saw the largest annual growth in pre-sales at 76%, followed by Puravankara at 48%, Keystone Realtors at 33%, Sobha at 30%, Godrej Properties at…

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Construction Costs Rise 25% Amid Global Conflicts: CREDAI

NEW DELHI: Since the onset of global conflicts, construction costs have surged by over 25%, primarily due to supply chain interruptions, labor migration, and increased prices for raw materials. Top builders have noted shortages of essential materials, which are exacerbating the issue. Vikas Oberoi, chairman and managing director of Oberoi Realty, expressed during the FY26 earnings call, “Rising costs for energy, aluminum, and glass are stressing us out. This affects the entire industry and is beginning to take a toll.” Experts believe that these crises may serve as a catalyst for leaders to outpace less agile competitors within the industry.…

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NeoLiv buys 76 acres in Khopoli for villa project development

Representative image Institutional investor-backed residential development platform NeoLiv has secured a 76-acre land parcel in Khopoli, near Mumbai, to pursue a plotted residential development. This acquisition marks NeoLiv’s third land transaction in the Panvel-Khopoli region, coinciding with the government of Maharashtra’s upcoming Mumbai 3.0 initiative. The company plans to create a mixed-use community featuring premium villas, plots, and retail opportunities, complemented by theme-based developments, with an estimated Gross Development Value (GDV) of ₹800 crore. “This acquisition is a significant milestone for NeoLiv as we embark on our third major plotted development project in one of the most desirable micro-markets in…

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Godrej Properties’ FY26 Net Profit Soars 32.49%

NEW DELHI: Godrej Properties (GPL) has announced a significant net consolidated profit increase of 32.49% for the financial year 2025-26, totaling ₹1,840.66 crore, compared to ₹1,389.23 crore in FY25, as reported in a BSE filing. The company’s total consolidated income rose to ₹8,410.88 crore in FY26, reflecting a growth of 20.72% from ₹6,967.05 crore in FY25. In Q4 FY26, net consolidated income surged by 41.98% to ₹3,806.65 crore, up from ₹2,681.06 crore in the same quarter last year. The profit after tax in that quarter rose by 70.55%, reaching ₹645.44 crore compared to ₹378.44 crore in the previous year. Pirojsha…

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Godrej Properties’ FY26 Bookings Reach ₹34,171 Crore

NEW DELHI: Godrej Properties (GPL) announced bookings of ₹34,171 crore for FY26, reflecting a 16% increase compared to the previous year, as per the company’s operational update. During the fiscal year, the company sold 17,515 units, with total sales volume rising 5% to reach 27 million sq ft. The booking value for the March quarter amounted to ₹10,163 crore, showing a 21% sequential growth. Collections for FY26 saw a 17% increase to ₹19,965 crore, while operating cash flow rose by 5% to ₹7,830 crore. In Q4, quarterly collections reached ₹7,947 crore. Gaurav Pandey, MD & CEO of the company stated,…

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Godrej Properties buys 20-acre site in Bengaluru

NEW DELHI: Godrej Properties (GPL) has completed the acquisition of a 20-acre land parcel in East Bengaluru, as reported in a filing to the BSE. The company intends to develop a premium residential project on this site, with an estimated revenue potential of around ₹1,350 crore. Additionally, GPL has recently acquired a 44-acre land parcel in Coimbatore through an outright purchase, aiming to develop a premium plotted residential project with a developable area of 1.1 million sq ft and an estimated revenue potential of ₹450 crore. This marks GPL’s entry into the Coimbatore market. Published on Mar 18, 2026 at…

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Pirojsha Adi Godrej Acquires 1.8% Stake in Arvind SmartSpaces

NEW DELHI: On Monday, Pirojsha Adi Godrej acquired nearly 1.8% of the stake in Arvind SmartSpaces, a real estate developer, for ₹40.7 crore from an HDFC Capital affiliate through an open market transaction. Pirojsha Godrej serves as the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and is a Non-Executive Director at Godrej Consumer Products and Godrej Agrovet. According to block deal data from the BSE, Pirojsha Godrej purchased 8,17,530 shares, amounting to a 1.78% stake in the Ahmedabad-based company. The shares were acquired at an average price of ₹498 each, bringing the total transaction value to ₹40.71 crore. HDFC…

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Godrej Properties Snags 11 Acres in Gurugram, 5 Acres in Kolkata

Representative AI image NEW DELHI: Godrej Properties (GPL) has secured 11.36 acres of land in Sector 63A, Gurugram, for residential development via an outright purchase. This venture is projected to generate an estimated revenue of over ₹4,500 crore, featuring a combination of premium low-rise and high-rise residences. Gaurav Pandey, Managing Director & CEO, stated, “With this new project, we have successfully added over ₹40,000 crore in future sales potential through portfolio expansions in FY26, achieving twice our business development target for the fiscal year.” In a separate initiative, the company also won a bid in an e-auction conducted by the…

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Godrej Properties to Co-Develop 18 Acres in Thane

Representative Image NEW DELHI: Godrej Properties (GPL) has signed a joint development agreement for an 18-acre land parcel in Thane. The anticipated project will primarily be residential, with an estimated revenue potential exceeding ₹7,500 crore. Gaurav Pandey, MD & CEO of the company, stated, “This is our fourth development in Thane, and the substantial size of the land will facilitate a meticulously planned integrated residential project.” Published On Feb 23, 2026 at 10:02 AM IST Join a community of over 2 million industry professionals. Subscribe to our Newsletter for the latest insights and analyses delivered to your inbox. Stay updated…