Latest news with #GodrejGroup
Business Standard
17-07-2025
- Business
- Business Standard
Godrej Properties climbs after securing 50 acres in Raipur, Chhattisgarh
Godrej Properties added 2.26% to Rs 2,340.80 after the company said that it has acquired around 50-acres of land in Raipur, Chhattisgarh, to develop a premium plotted residential project. The project is expected to offer an estimated saleable area of around 9.5 lakh square feet. The newly acquired land parcel is strategically located near Old Dhamtari Road, one of Raipurs fastest-growing real estate corridors. The location offers seamless connectivity to key city nodes such as Central Raipur, Raipur Railway Station, and Swami Vivekananda Airport. The area is witnessing rapid development, supported by robust social infrastructure including reputed educational institutions, healthcare facilities, and retail hubs. Connectivity is further bolstered by major infrastructure projects like the Atal Path (RaipurNaya Raipur Expressway) and upcoming expressways linking Raipur to Hyderabad and Visakhapatnam, enhancing the site's appeal for premium residential development. Gaurav Pandey, MD & CEO, Godrej Properties, said, We are delighted to announce our entry into the dynamic city of Raipur. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. Raipur, with its growing demand for residential plotted developments and strong infrastructure growth, presents an exciting opportunity. This acquisition also aligns strategically with our focus on entering high-growth cities through plotted developments. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with the regions evolving aspirations. Godrej Properties is a leading national real estate developer. It is a real estate arm of the Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development. The company's consolidated net profit declined 18.9% to Rs 381.99 crore, despite a 48.8% jump in net sales to Rs 2,121.73 crore in Q4 FY25 over Q4 FY24.
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Business Standard
16-07-2025
- Business
- Business Standard
Nisaba Godrej outlines 2040 vision to shareholders in GCPL's annual report
In her letter to shareholders, Nisaba Godrej, executive chairperson of Godrej Consumer Products Ltd (GCPL), stated that the company's 2040 vision is bold, supported by a sharp total addressable market (TAM) strategy. She said this vision is already taking shape through GCPL's acquisition-led entry into deodorants, its foray into pet foods with a new brand, and its expansion into mass liquid detergents. Godrej opened her address by recalling a message from Sudhir Sitapati after last year's Godrej Group restructuring: 'Now let's be wildly successful.' She said the line stayed with her. 'It captures the spirit with which we're approaching the future—boldly, purposefully and with ambition,' she told shareholders. However, she acknowledged that the company has not yet achieved wild success and has fallen short of shareholder expectations. Godrej said that to be wildly successful, market-level growth is not enough. The company must move faster, be more honest about what's not working, resist blaming macroeconomic factors too easily, and relentlessly strengthen execution. Reflecting on the previous financial year, Godrej said: 'We saw strong momentum in innovation and working media investment. Brands like Godrej Aer continued to grow well. Fab, our new liquid detergent brand, crossed Rs 150 crore topline in its first year. Goodknight Incense Sticks have also been a big success. And Godrej Ninja, our entry into pet food, is a launch we did in record time with the partnership of our Group company, Godrej Agrovet.' She said the company also invested in strengthening its foundation, committing Rs 500 crore each to greenfield facilities at Chengalpattu in Tamil Nadu and Malanpur in Madhya Pradesh. 'Internationally, margins improved significantly—Africa, the US, and the Middle East reached 15 per cent EBITDA (earnings before interest, tax, depreciation and amortisation) after simplification and restructuring. This sets the stage for more in FY26, especially in Chile. Meanwhile, products like Pocket (both Aer and Stella), shampoo hair colour (both NYU and Issue), and Goodknight Liquid Vaporiser are scaling rapidly, contributing Rs 400 crore to international sales in FY25—a 58 per cent two-year CAGR,' Godrej said.
Business Standard
17-06-2025
- Business
- Business Standard
Godrej Properties gains after acquiring new project in Pune's Upper Kharadi
Godrej Properties advanced 1.95% to Rs 2,477.40 after the company announced that it has acquired an approximately 16-acre land parcel in Upper Kharadi, Pune. The proposed development will primarily feature premium group housing along with high-street retail, spanning a developable area of approximately 2.5 million square feet. The project is expected to generate an estimated revenue potential of Rs 3,100 crore. The company stated that the land parcel is strategically located within the promising Kharadi-Wagholi micro-market, offering good connectivity to major commercial hubs and close proximity to IT hubs such as Viman Nagar, Magarpatta, and Hadapsar. The location also offers access to well-developed social infrastructure, including schools, hospitals, malls, restaurants, and premium hotels, further enhancing the areas appeal for homebuyers. Gaurav Pandey, MD and CEO, Godrej Properties, said, Upper Kharadi has rapidly emerged as one of Punes most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area's growing demand and our commitment to expanding in high-potential urban clusters across India. We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents. Godrej Properties is a leading national real estate developer. It is a real estate arm of Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development.
Hindustan Times
10-06-2025
- Business
- Hindustan Times
Tanya Dubash buys ₹225 crore duplex at Worli sea face
Mumbai: Tanya Dubash, executive director and chief brand officer of the Godrej Group, has purchased a sea-facing duplex apartment in Worli for ₹225.76 crore through a real estate firm. The apartment is located in the upcoming luxury residential tower Naman Xana, being developed by Shree Naman Group along the Worli Sea Face. The project is slated for completion in 2027. The transaction was carried out through Shaula Real Estates Pvt Ltd, where Dubash and Clement Pinto are listed as directors. The duplex spans the 30th and 31st floors of the under-construction high-rise. According to documents accessed via property portal Square Yards, the per square foot rate works out to ₹1.97 lakh on the built-up area and ₹2.45 lakh on the carpet area. The apartment has a total built-up area of 11,485 sq ft, including a 1,227 sq ft balcony, and a carpet area of 9,214 sq ft. The deal also includes six car parking slots. A stamp duty of ₹13.55 crore was paid, and the sale was registered on May 26. Dubash is the daughter of Adi Godrej, chairman of the Godrej Group. The transaction is part of a growing trend of ultra-luxury real estate acquisitions in south Mumbai. Just two days after Dubash's purchase, Leena Gandhi Tewari, chairperson of pharmaceutical major USV, bought two duplex apartments in the same project for a combined ₹639 crore. That deal set a record price of ₹2.83 lakh per sq ft, based on RERA carpet area. Earlier in March, Pirojsha Adi Godrej, chairman of Godrej Properties, and his cousin Freyan Crishna Bieri acquired four apartments in Godrej Carmichael, a project by Godrej Properties. That transaction, made through Ceres Developers, totalled ₹290.59 crore, with a per sq ft price of ₹1.78 lakh. Clement George Pinto, the CFO of Godrej Industries, is also a director in Ceres Developers.
Business Standard
02-06-2025
- Business
- Business Standard
Godrej Properties acquires land in Pune for premium housing project
Godrej Properties said that it has acquired around 14-acres of land in Kharadi, Pune, for a new residential development project, with a revenue potential of approximately Rs 4,200 crore. The project will primarily feature premium group housing and will offer a developable potential of approximately 3.7 million square feet. Strategically located near key commercial hubs, the land parcel provides excellent connectivity and access to schools, hospitals, malls, restaurants, and premium hotels. It is also situated close to the Chhatrapati Sambhaji Maharaj International Airport. Gaurav Pandey, MD & CEO, Godrej Properties, said, Kharadi - Wagholi is one of the most soughtafter destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India. We will aim to build a high-quality development that creates long-term value for its residents. Godrej Properties is a leading national real estate developer. It is a real estate arm of Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development. The company's consolidated net profit declined 18.9% to Rs 381.99 crore, despite a 48.8% jump in net sales to Rs 2,121.73 crore in Q4 FY25 over Q4 FY24. The counter rose 0.34% to settle at Rs 2,245.95 on the BSE.
