
Godrej Properties buys 48-acre land parcel in Bengaluru, to sell housing plots
Godrej Properties
Ltd has acquired a 48-acre land parcel in Bengaluru and will sell
housing plots
in this upcoming project.
In a regulatory filing on Friday,
Godrej Properties
said it has acquired a 48-acre land parcel through outright purchase in Doddaballapur, North Bengaluru.
Explore courses from Top Institutes in
Select a Course Category
Management
others
Healthcare
Digital Marketing
MBA
Data Science
Others
Design Thinking
Degree
Project Management
Product Management
Leadership
Cybersecurity
Technology
CXO
Public Policy
Data Science
MCA
PGDM
Finance
Data Analytics
Skills you'll gain:
Duration:
11 Months
IIM Kozhikode
CERT-IIMK General Management Programme India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
10 Months
IIM Kozhikode
CERT-IIMK GMPBE India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
9 Months
IIM Calcutta
CERT-IIMC APSPM India
Starts on
undefined
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Struggling With Belly Fat? Try This at Home
Home Fitness Hack
Shop Now
Undo
"The development on this land will primarily comprise plotted units with a development potential of 1.1 million square feet," the company said.
The company did not provide the land cost and also
revenue
potential of this new project.
On July 16, Godrej Properties announced the
acquisition
of a 50-acre land parcel in Raipur for developing housing plots. This land will have an estimated saleable area of around 9.5 lakh square feet.
Live Events
On June 30, the company said it has acquired a 43-acre land parcel in Panipat, Haryana and expects to earn revenues of more than Rs 1,250 crore through the sale of residential plots.
Godrej Properties is one of the leading
real estate developers
in the country.
The company is developing group housing projects mainly in Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Pune and Hyderabad.
However, the company is buying land in Tier-II cities of various states to develop residential plots.
During the 2024-25 fiscal, Godrej Properties bought as many as 14 land parcels across major cities to build housing projects with revenue potential of about Rs 26,500 crore.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
8 minutes ago
- Hans India
Unclaimed deposits with banks stood at over Rs 52,174 crore in FY24: Minister
New Delhi: The government on Tuesday revealed that unclaimed deposits with public sector banks (PSBs) and private sector banks (PVBs) rose to more than Rs 52,174 crore in three fiscals (2022-2024) -- from Rs 42,271 crore in FY23. The share of unclaimed deposits with the PSBs was Rs 45,140.78 crore, and for PVBs, it was Rs 7,033.82 crore in FY24, which were transferred to the Depositor Education and Awareness (DEA) fund maintained by the Reserve Bank of India (RBI), said Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in a written reply. The amount of the unclaimed funds lying with the insurance companies in three fiscals from 2022-2024 was Rs 21,718 crore, he added. As per the details of the fund disclosed in the RBI's Annual Report, the total unclaimed deposits (till March 31, 2024) were Rs 78,212.53 crore. The RBI has launched the Centralised Web Portal UDGAM (Unclaimed Deposits-Gateway to Access Information) for the public. The said portal facilitates the registered users to search unclaimed deposits/amounts across multiple banks at one place in a centralised manner. The Depositor Education and Awareness Fund Scheme, 2014, issued by the RBI, governs the norms related to unclaimed deposits and outlines details of utilisation of the fund, including inter alia, promotion of depositors' interests and other purposes as may be specified by the RBI. Balances in savings and current accounts that remain inoperative for ten years, or term deposits not claimed within ten years from the date of maturity, are classified as Unclaimed Deposits and subsequently transferred by banks to the DEA fund maintained by the central Bank. As per the Insurance Regulatory and Development Authority (IRDAI), all insurers who have unclaimed amounts of policyholders for a period of more than 10 years are required to transfer the same with interest to the Senior Citizens' Welfare Fund (SCWF) every year. Further, even after transfer of the unclaimed amounts to the SCWF, the policyholders/ claimant continues to be eligible to claim the amounts due under their respective policies for a period of up to 25 years. The SCWF is utilised for such schemes for the promotion of the welfare of the senior citizens in line with the National Policy on Older Persons and the National Policy on Senior Citizens, the minister said. Unclaimed deposits with banks stood at over Rs 52,174 crore in FY24: Minister
&w=3840&q=100)

Business Standard
8 minutes ago
- Business Standard
Kolte-Patil Developers suffers Rs 17 crore loss in Q1 FY26, sales dip
Pune-based Kolte-Patil Developers has incurred a loss (attributable to owners of the company) of Rs 16.99 crore in the first quarter of the financial year 2026 (Q1 FY26), compared with a profit of Rs 6.23 crore in Q1 FY25. This marks the company's first quarter earnings since Blackstone acquired a majority stake for Rs 1,800 crore, marking its entry into the Indian residential real estate sector. The company's revenue (from operations) also dipped by 75.82 per cent year-on-year (YoY) to Rs 82.36 crore. Its total expenses during the quarter under review stood at Rs 119.27 crore, down by 64.48 per cent YoY. Earlier, the real estate developer reported sales worth Rs 616 crore for Q1 FY26, down by 13.3 per cent YoY. It sold an area of 0.84 million square feet (msf) during Q1 FY26, down 12.5 per cent YoY. The company's sales during Q1 FY26 came from its sustenance sales and 0.53 msf of contribution from its Life Republic Integrated Township project in Pune. Kolte-Patil's sales realisation in Q1 FY26 also declined to Rs 7,337 per square foot, against the realisation of Rs 7,407 per square foot in Q1 FY25. The company's collections in Q1 FY26 declined by 10.1 per cent YoY, to Rs 550 crore. On a consolidated basis, the company's debt-equity ratio stood at 0.89 times as of 30 June 2025, compared with the ratio of 1.52 times as of 30 June 2024. On Tuesday (29 July), the company's board of directors also approved fundraising of up to Rs 250 crore through an issue of secured, rated, listed, redeemable non-convertible debentures of face value Rs 1 lakh each, on a private placement basis in one or more tranches. In June, BREP Asia III India Holding Co., a Blackstone entity, bought a 14.3 per cent stake in Kolte-Patil Developers for Rs 417.03 crore through a preferential allotment of shares. The entity will take another 25.7 per cent stake from the promoters' group for ₹750 crore. An open offer will be launched to acquire up to 26 per cent stake in Kolte-Patil Developers from public shareholders for ₹758.56 crore, the global investment firm had stated at the time of the transaction. The company has a pipeline of planned launches across Pune and Mumbai in the coming quarters, which is expected to drive growth in FY26. It is expecting the upcoming projects and sustenance inventory to drive sales as the year progresses.


Business Standard
8 minutes ago
- Business Standard
NSE Q1 PAT rises 14% YoY
The National Stock Exchange of India (NSE) posted a 14% year-on-year rise in consolidated net profit at Rs 2,924 crore in Q1 June 2025 (Q1 FY26), driven by robust operating performance and a sharp decline in expenses. Consolidated revenue from operations, however, declined 11% YoY to Rs 4,032 crore from Rs 4,510 crore in Q1 FY25, while total income fell 3% to Rs 4,798 crore. EBITDA stood at Rs 3,130 crore, inching up 1% year-on-year and rising 12% sequentially. Margins remained healthy, with operating EBITDA margin expanding to 78%, compared to 69% in Q1 FY25 and 74% in the preceding quarter. Total expenses dropped 31% YoY to Rs 1,053 crore, offering strong operating leverage. The share of profit from associates also grew 23% YoY to Rs 30 crore. The bottom line was further aided by discontinued operations (net of tax), which added Rs 112 crore to the books this quarter versus a negative impact of Rs 29 crore in Q1 FY25. Sequentially, profit after tax (PAT) rose 10%, while total income increased 9% compared to Q4 FY25. In terms of business activity, NSE's cash market average daily traded volume (ADTV) rose 14% QoQ to Rs 1,08,542 crore. The ADTV for equity futures grew 5% to Rs 1,68,430 crore, while equity options (premium value) ADTV jumped 9% to Rs 55,514 crore in Q1 FY26. NSE continues to hold its top global position as the world's largest derivatives exchange by trading volume (contracts), according to the Futures Industry Association (FIA). It also ranks second globally in the equity segment by number of trades (electronic order book), as per the World Federation of Exchanges (WFE) 2024 data.