&w=3840&q=100)
Godrej Properties buys 48-acre parcel in North Bengaluru's Doddaballapur
The land is in a 'high-potential area' near the Satellite Town Ring Road (STRR), said the company in a statement. Doddaballapur is gaining prominence as a real estate hotspot in North Bengaluru, driven by good connectivity to Kempegowda International Airport, the development of STRR, significant industrial investments, and scenic attractions like Nandi Hills in the vicinity, it said.
'We are pleased to announce the acquisition of this prime land parcel in Doddaballapur, a high-potential micro market in North Bengaluru. This investment reinforces our focus on expanding our presence in key growth corridors through well-planned residential communities,' said Gaurav Pandey, managing director and chief executive officer of Godrej Properties. 'Bengaluru continues to be a priority market for us, and we look forward to creating a development that offers long-term value to its residents.'
Earlier this week, the company acquired 50 acres in Raipur, Chhattisgarh. The parcel in the state capital is said to have a guideline value (GLV) of Rs 400 crore, according to an industry source. GLV is a metric used to assess the value of land and is set by respective government authorities.
The development on the Raipur land will also comprise premium plotted residential units and will offer an estimated saleable area of 950,000 square feet.
In January 2025, the company acquired 24 acres in Indore for around Rs 120 crore for a plotted development project that is estimated to generate Rs 500 crore of revenue for the company.
In June, the company announced that it sold 1,450 homes worth Rs 2,000 crore at the launch of the first phase of its township project, Barca, at Godrej MSR City, in Devanahalli, Bengaluru. In the same month, it acquired a 16-acre land parcel in Pune's Upper Kharadi, with an estimated revenue potential of Rs 3,100 crore.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
How to start a gym business and make it succeed: Here's a 6-step guide
Academy Empower your mind, elevate your skills Challenges on the floor Talent management How to start a gym business Fifteen years ago, when Saif Malik joined Anytime Fitness as general manager, he had no designated seat and zero access to the owner. 'I saw how things worked and, more importantly, how they didn't,' says Malik, who had grown up observing his older brother run a gym . Since then, he had dreamt of owning one himself. 'I knew the gaps that needed to be plugged: poor amenities, angry members walking out, staff with no voice,' he says. So, when he opened his own gym, Component Fitness, in 2021, he set out to fix these drawbacks. The gym was launched along with a friend with an investment of Rs.1 biggest expenses were for the equipment and rent, which comprised Rs 7 lakh annually and accounted for 60% of the total capital. Another 30% went into space design, and the remaining 10% on marketing and advertising. 'We didn't cut corners on quality,' he a year, Malik had expanded the gym from 3,000 to 7,000 sq ft to accommodate the surge in footfall. The reason for this rapid growth, he says, was his 'consumer -first approach'. He offered premium amenities at affordable prices and supported members through personal challenges, waiving fees for accident victims and pregnant women. Empathy guided his decisions. After the Pahalgam attack, he extended free memberships to all army tried various marketing channels—pamphlets, newspaper ads, billboards and online campaigns. At the outset, he spent Rs.20,000-25,000 a month on Instagram, which proved very effective. His priority was brand awareness over profits. 'I was okay about breaking even as long as people knew about us,' he gym now offers three-, six-, and 12-month plans priced at Rs.10,000, Rs.15,000, and Rs.24,000, respectively. The monthly revenue ranges from Rs.20-25 lakh, with profits of Rs.10-12 faced teething troubles. 'The biggest challenge for gym owners is underinvesting in amenities due to tight budgets,' he says. Most people also overlook the opportunity cost. 'If you could earn Rs.20, but settle for Rs.10 by selling at Rs.12, that's not profit; it's an unseen Rs.8 loss,' he explains. His industry experience helped him avoid such the right location was also a challenge. 'If your rent is too high or you open a premium gym in a low-income area, you're setting yourself up for failure,' he says. Success depends on research, knowing the local demographic, and pricing to match purchasing discovered that the largest operational expense wasn't marketing, but salaries. With a team of over 30, people management has been both fulfilling and demanding. 'Finding well-educated, professional trainers remains a challenge, and lack of formal education often reflects in their conduct,' he notes. To address this, Malik places a strong emphasis on training his staff in etiquette and professionalism, particularly to ensure a safe and welcoming environment for keep his team engaged and motivated, his company offers generous appraisals, subsidised meals, and regular team outings Malik has also implemented an Annual Maintenance Contract (AMC) to ensure the gym's equipment is of the ongoing challenges for him is the demanding nature of work. He cautions against viewing the gym business as a passive income stream. 'This isn't a side hustle. You have to give it your all,' he says. In the early days, Malik clocked up to 20 hours a day; even now, he puts in 14-15 hours ahead, he is focused on scaling the business through franchise partnerships. His model is straightforward: 50:50 investment, with the brand contributing half the capital. 'It ensures that the partner knows we have skin in the game,' he every gym in your target area. Check the facilities they offer, how much they charge, and what their weak points are. Your goal should be to offer better services at the same or slightly higher price. That's how you create assume what customers want; observe and ask. Is your target area price-sensitive or driven by quality? Avoid launching a premium facility in a low-income neighbourhood or a basic gym in an upscale area. Your offering must align with the local people through the door is the hardest part. Use Instagram, flyers, newspaper ads, and word of mouth to create brand awareness. Even if your initial revenue just covers your marketing spend, it's worth it. Conversion happens once people is where many gym owners go wrong. Invest in annual maintenance contracts and fix broken machines. Poorly maintained equipment leads to cancellations and bad reviews. Customers expect trainers represent your brand. Look beyond certifications, check how they talk, behave, and treat people. Most trainers need to be trained in professionalism. Make sure female clients feel safe at all on building good reputation, not just revenue. Give discounts and help out members going through personal challenges. Such details go a long way and profits will automatically Malik, owner of Component Fitness
Indian Express
24 minutes ago
- Indian Express
Fine Organics is about to spend Rs 750 crore on expansion. Is it worth a buy?
In 2018, Fine Organics was trading at around Rs 1,000 per share. It was one of those compounders, profitable, low-debt, and steady, but largely ignored by the broader market. Then came the breakout. Between 2020 and mid-2022, the stock rallied more than 7 times, touching a high of nearly Rs 7,500. Investors who stayed in were rewarded handsomely. But the sharp run-up also brought volatility. Over the next 18 months, the stock corrected sharply, falling below Rs 4,000 by early 2024. Now, it is climbing again. As of July 2025, Fine Organics trades close to Rs 5,500, up nearly 40 per cent in just a few months. This recovery is coming at a time when the company is stepping into its most ambitious expansion yet. With annual profits of around Rs 400 crore and over Rs 1,000 crore in cash and internal reserves, Fine Organics is deploying Rs 750 crore to build a new export-oriented plant in a Special Economic Zone near JNPA, Maharashtra. It is also laying the groundwork for its first manufacturing unit in the United States. This is a company known for its conservative style, characterised by zero debt, high return ratios, and steady margins. However, it is now entering a high-capex, high-commitment phase that could shape the next decade. The question is whether Fine Organics can scale globally while maintaining the discipline that has made it what it is. At its core, Fine Organics manufactures specialty additives, high-impact ingredients used across various industries, including food, plastics, cosmetics, and others. These are not large-volume, commoditised chemicals. They are performance enhancers that improve texture, shelf life, dispersion, and stability in end products. Its portfolio spans over 400 products, but they all follow a common thread: They are functional, high-margin, and deeply embedded in customer formulations, which makes Fine Organics a sticky supplier once trials succeed. In FY25, about 55 per cent of revenue came from the polymer and plastic additives segment, followed by 30 per cent from food and feed, and the rest from cosmetics, coatings, and other specialty use cases. What keeps the business strong is not just product diversity, but how tightly it controls quality and processes. Fine Organics does not rely on third-party innovation. It develops formulations in-house, builds trust with customers through trials, and then becomes part of their long-term supply chain. Switching costs are high. Even though the company's products form a small part of its customers' overall cost, they play a critical role in performance. That makes pricing relatively resilient and helps sustain gross margins above 40 per cent, even during tough cycles. Fine Organics exports over 60 per cent of its products to more than 80 countries, and it does this with a single central R&D and production footprint based in India. Fine Organics has historically focused on scaling without stretching. That is why, even with just over Rs 2,000 crore in revenue, it delivered a return on capital employed (ROCE) of 20 per cent and profit after tax of over Rs 400 crore in FY25. The company maintains zero long-term debt, and most of its capital expansion so far has been self-funded. This gives it both financial flexibility and operational independence, a rare combination in the chemicals sector. Fine Organics closed FY25 with revenue of Rs 2,095 crore, up 7 per cent year-on-year. While top-line growth was moderate, the company managed to protect its profitability in a high-cost environment. This flat but stable performance was not due to weak demand. It was largely a result of capacity constraints. The company operated at 95 percent utilisation, leaving little headroom for volume-led growth. This is why the upcoming capex becomes critical, as growth from here depends on adding new manufacturing lines. One positive takeaway from FY25 is Fine Organics' discipline in working capital. Receivables remain under control, inventory turnover has improved, and cash reserves crossed Rs 1,000 crore. The company remains debt-free. Management has also guided that once the new SEZ facility is operational, likely in FY27, revenues could see a meaningful jump, with better operating leverage. Meanwhile, the company is also expanding R&D efforts and strengthening its global sales network, including the US setup. For most of the past decade, Fine Organics followed a low-risk, high-efficiency strategy. It avoided debt, expanded in phases, and focused on optimising capacity before chasing scale. But that approach is now shifting. After reaching full utilisation across existing facilities, the company is preparing for its next growth phase. The largest capital investment in Fine Organics' history is now underway, a new manufacturing unit inside the JNPA Special Economic Zone in Maharashtra. This facility is expected to cost around Rs 750 crore and will be geared mainly toward export markets. Management shared in the May 2025 earnings call that land has already been allotted, and the project has received environmental clearance. The company expects commissioning by FY27, with a phased ramp-up in product lines. This SEZ plant will: The bigger strategic leap, however, lies overseas. For the first time, Fine Organics is planning a manufacturing unit in the United States. While exact numbers have not been disclosed, management hinted that the US capex could consume a large portion of the company's Rs 1,000+ crore in cash and accruals over the next two years. This decision has been driven by: The company is still in the site selection phase, but has committed to setting up core R&D, pilot trials, and eventually full-scale manufacturing for high-margin segments like food, nutrition, and biodegradable plastics. In the latest conference call, the management emphasised two things: The company expects the next 12-24 months to be flat in terms of revenue growth, as most capacity remains tied up. But it sees significant operating leverage and margin upside once new capacities go live post-FY27. Fine Organics is no longer a secret. After its 7x rally between 2018 and 2022, and a recent bounce from the lows, the stock now trades around Rs 5,200, commanding a trailing P/E of 40 times. That is not cheap by traditional standards, especially for a company that reported just 7 per cent revenue growth in FY25. But context matters. While the P/E multiple may look high today, it reflects investor confidence that the next leg of growth will be driven by new capacity, new markets, and better operating leverage. That said, investors must be mindful of a few risks: Still, for long-term investors, Fine Organics represents a rare mix that is steady margins, strong cash flows, global potential, and conservative capital allocation. The stock is not a value pick anymore. But it remains a business with high-quality fundamentals and a clear expansion roadmap. If the company sticks to its discipline and delivers on execution, the next five years could look very different from the last five from both scale and relevance perspective. Note: This article relies on data from annual and industry reports. We have used our assumptions for forecasting. Parth Parikh has over a decade of experience in finance and research and currently heads the growth and content vertical at Finsire. He holds an FRM Charter and an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Time of India
31 minutes ago
- Time of India
Adar infuses Rs 1,500cr into Poonawalla Fin
MUMBAI: Vaccine king Adar Poonawalla 's Rising Sun Holdings cleared a Rs 1,500-crore equity infusion into Poonawalla Fincorp, raising its net worth to Rs 9,700 crore, in the previous week. The capital will support an aggressive retail expansion strategy under MD & CEO Arvind Kapil, who took charge just over a year ago after leading retail loans at HDFC Bank. "This is a story of senior bankers coming in, cleaning up the book, and now the promoter putting in Rs 1,500 crore," Kapil said. "It's a very big confidence statement for where he sees the company going." The NBFC is simultaneously scaling both secured and unsecured lending. It has launched six new businesses - including personal loans, education finance, and commercial vehicle loans - departing from the typical incremental product rollouts seen in the sector. The company has also committed to opening 400 branches this year, including dedicated gold loan outlets, with 80 already operational. Distribution is central to the strategy, Kapil said. The company is expanding into consumer durable stores, where customers can apply for unsecured personal loans at the point of sale through an assisted digital journey. These retail locations, which will grow to 12,000 from 3,000 this year, also serve to originate new borrowers rather than upselling to existing ones. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo "It's a new-to-market model," Kapil said. "We're not just upselling to our existing customers. These are first-time borrowers, approved and disbursed on the spot." Despite caution in the sector, Kapil is confident about unsecured lending. "This is the best time to lend to MSMEs," he said. "With GST data, credit bureau coverage and visibility on multiple loans, the segment is more transparent and robust than ever." Credit costs have fallen to 1.4%, and NCDs now make up 27% of the firm's liabilities. Poonawalla Fincorp is targeting Rs 1.5 lakh crore in AUM over the next four years, up from Rs 41,000 crore. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
