Tag: godrej properties

Latest StoriesResidential

Virat Kohli and Anushka Sharma buy ₹18.29 crore apartment in Versova

NEW DELHI: Virat Kohli and Anushka Sharma have purchased an apartment in Godrej Skyshore, Versova, Mumbai, for ₹18.29 crore, as per documents obtained by Zapkey. The apartment, identified as A-2403, is situated on the 24th floor of Tower A in Godrej Skyshore. The seller of the property is Godrej Properties, according to the registration paperwork. This residence has a RERA carpet area of 245.71 sq metres, roughly equivalent to 2,644.8 sq ft, which includes a carpet area of 216.30 sq metres (approximately 2,328 sq ft) along with an adjacent exclusive area of 29.41 sq metres (around 316.5 sq ft). The…

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Real Estate Firms Boost Legal Hiring Amid Complex Deals

Representative AI image MUMBAI: As India’s real estate market becomes more institutionalized and deal-making grows complex, developers are enhancing their in-house legal teams to manage various challenges from land acquisition to insolvency transactions. Experts note that this hiring trend reflects significant changes in the industry’s operational strategies. Recently, several prominent developers have appointed new legal leaders. Arvind SmartSpaces, part of the Lalbhai Group, recruited Tarpit Patni from Godrej Properties to oversee its legal operations. Godrej Properties, in turn, appointed Astha Punjabi, formerly general counsel at BPTP, as the legal head for its northern zone. Hero Realty has brought Sachin Sharma…

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Godrej Properties Buys 4.95 acres in Noida for ₹331.75 Crore

Representative AI image NEW DELHI: Godrej Properties has secured the highest bid for a 4.95-acre residential land parcel in Sector 151, Noida during an e-auction hosted by the New Okhla Industrial Development Authority (NOIDA). The land was acquired for ₹331.75 crore, as indicated on the e-tendering portal of HDFC Bank. NOIDA will issue the allotment letter following the necessary procedures. The land spans 20,050 sq meters and is set to be developed into a residential group housing project, with expected revenues exceeding ₹2,000 crore. This project will feature premium residential apartments in various configurations. Earlier this month, Godrej Properties also…

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Godrej Properties Purchases 47 Acres in Chennai

Representative AI image NEW DELHI: Godrej Properties (GPL) has secured a 47-acre land parcel through outright purchase, situated off Old Mahabalipuram Road (OMR) in South Chennai. The future development on this site is anticipated to mainly consist of plotted residential units, with an expected developable area of 1.2 million sq ft, and a projected revenue potential of ₹500 crore. Gaurav Pandey, MD & CEO of the company, stated, “South Chennai has become one of the most promising residential micro-markets in the region, bolstered by improved infrastructure and increasing interest from end-users.” Published On Jun 30, 2026 at 08:23 AM IST…

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NCR Housing Launches: National Developers’ Share Hits 13% in 2025

NEW DELHI: Anarock Research reports that the share of national developers in NCR’s residential launches increased to over 13% in 2025, up from just 3% in 2022. The report indicated that national developers launched fewer than 700 units in NCR in 2022, amidst a total of approximately 25,355 residential launches. By 2025, these developers had launched nearly 8,100 units, while the region saw around 61,775 launches overall. Developers featured in the study include notable names such as Godrej Properties, Prestige Estates, Tata Housing, Mahindra Lifespaces, Adani Realty, Sobha, Shapoorji Pallonji Group, and Birla Estates. “In 2022, a mere 3% of…

Latest StoriesResidential

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…