Latest news with #GodrejGroup
Hindustan Times
2 hours ago
- 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.
Business Standard
02-05-2025
- Business
- Business Standard
Godrej Properties posts 19% YoY drop Q4 PAT; EBITDA at Rs 634 crore
Godrej Properties has reported 19% decline in consolidated net profit to Rs 382 crore despite a 36% increase in total income to Rs 2,646 crore in Q4 FY25 as compared with Q4 FY24. EBITDA declined by 2% to Rs 634 crore in the fourth quarter from Rs 649 crore posted in the same period last year. For FY25, Godrej Properties has reported net profit of Rs 1,400 crore (up 93% YoY) and total income of Rs 6,848 crore (up 57% YoY). The company said it remained Indias largest residential real estate developer by both booking value and volume. Booking value grew by 29% to Rs 29,444 crore in FY25, compared to Rs 22,527 crore in FY24. Pirojsha Godrej, executive chairperson, Godrej Properties, said: Godrej Properties delivered a record-breaking financial year 2025 with its highest ever bookings, collections, operating cashflows, earnings and deliveries as well as a strong year for business development. It is the 8th consecutive year of booking value growth for the company indicating the resilience of the company to grow through various macroeconomic cycles. Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. Through this, GPL has completely reset the scale of its operations and for the second consecutive year is the largest real estate developer in India by booking value. The residential real estate sector in India has been strong over the past few years and we believe the sectoral tailwinds will continue over the next few years. Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of Rs 6,000 crore we raised through a QIP in December 2024 combined with the record operating cash flow of Rs 7,484 crore we generated in FY25 will enable us to continue to invest for growth. In FY26, we plan to grow residential bookings to over Rs 32,500 crore through the launch of a large number of exciting new projects combined with strong sustenance sales. This combined with strong construction progress will allow us to maintain rapid growth in operating cash flows as well. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of continuing the momentum in FY26. 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 scrip advanced 2.48% to currently trade at Rs 2212.10 on the BSE.
Business Standard
21-04-2025
- Business
- Business Standard
Godrej Agrovet reappoints Balram Singh Yadav as MD; appoints Sunil Kataria as CEO & MD-designate
Godrej Agrovet has announced the reappointment of Balram Singh Yadav as the managing director (MD) of the company for a further period from 1 May 2025 to 31 August 2025. Yadav, a seasoned professional who has been associated with the Godrej Group since 1990, has been instrumental in driving the strategic growth of Godrej Agrovet. Under his leadership as MD since 2009, the company has witnessed significant milestones, including a highly successful IPO in 2017, which was oversubscribed by over 96 times. Yadav is also credited with the creation of leading poultry brands such as Real Good Chicken and Yummiez. Yadav completed his (Hons.) in Agricultural Science at Haryana Agricultural University, where he ranked 2nd in his class. He earned his MBA from IIM Ahmedabad. His tenure will continue until August 31, 2025, after which Yadav will step down, with Sunil Kataria being appointed as the chief executive officer (CEO) & managing director-designate from 5 May 2025, onwards. According to the company, Kataria will assume the role of CEO & managing director for a five-year term, from 1 September 2025 to 31 August 2030, subject to shareholder approval. Sunil Kataria is a seasoned business leader with over 30 years of experience across various sectors, including consumer packaged goods (CPG), telecom, and retail. Prior to this, he served as the managing director of Raymond Lifestyle. He previously served as the CEO of India & SAARC for Godrej Consumer Products (GCPL). A graduate in economics from Delhi University and an MBA in marketing from IMT Ghaziabad, Kataria began his career at Marico and spent over a decade honing his skills in marketing and sales. He brings a wealth of expertise in building future-ready organizations and driving business growth. Godrej Agrovet is an agribusiness company in India that focuses on research and development to improve the productivity of Indian farmers. It offers a range of products and services to increase crop and livestock yields sustainably. The company is a leader in various sectors, including animal feed, crop protection, oil palm, dairy, poultry, and processed foods. The companys consolidated net profit jumped 21.4% to Rs 111.49 crore in Q3 FY25 as compared with Rs 91.84 crore in the same quarter last year. Net sales increased 4.4% YoY to Rs 2,444.64 crore during the quarter ended 31st December 2024. Shares of Godrej Agrovet shed 1.49% to Rs 754.75 on the BSE.
