E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. News/Views

Godrej Properties Plans Rs 7,500 Cr Investment in Next 18 Months

Godrej Properties Plans Rs 7,500 Cr Investment in Next 18 Months

BY Realty Plus
Published - Monday, 14 Feb, 2022
Godrej Properties Plans Rs 7,500 Cr Investment in Next 18 Months

Sitting on a huge cash pile, Godrej Properties plans to invest around Rs 7,500 crore over the next 12-18 months on acquisition and development of new real estate projects. Godrej Executive Chairman Pirojsha Godrej sounded upbeat on the growth potential in the housing and commercial real estate segments especially in four major markets -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru and Pune -- where the company has a huge presence.

"We will invest USD 1 billion (around Rs 7,500 crore) over the next 12-18 months on development of new projects," Pirojsha said, adding that the planned investments would be in mix of equity and debt.

Godrej Properties, the largest listed realty firm in the last fiscal in terms of sales bookings, acquires new projects through outright purchase of land parcels and also forming joint ventures with land owners.

Pirojsha said the company acquired three projects in the third quarter of this fiscal and the pipeline is strong."Q4 should be good for us in both sales bookings and new project acquisitions. We are likely to close many deals this quarter," he hoped.

In March last year, Godrej Properties had raised Rs 3,750 crore through Qualified Institutional Placement (QIP) process as part of its objective to strengthen the company's balance sheet and future business growth.

Its net debt is mere Rs 313 crore as on December 31, 2021. The debt equity ratio is also only 0.04.

When asked about entering into new cities, Pirojsha said: "We are interested in Hyderabad. But it’s not our top priority. There are huge opportunities in top four key markets where we have a major presence."

The company intends to enter Hyderabad in a big way and not just for development of one or two projects, he said. On operational performance, Pirojsha said the company is likely to achieve an all-time high sale bookings in the 2021-22 financial year, beating the last year's record of Rs 6,725 crore.



RELATED STORY VIEW MORE

Foundamental Launches Third Construction-Tech Fund, Doubling Down on India
How Rs 500 Maintenance Fees Power Local Jobs in Urban Housing Societies
Coimbatore Airport’s New Terminal to Be Four Times Bigger, Transforming Travel in the City

TOP STORY VIEW MORE

A CITY BUILT ON BUDDHIST VALUES

The only Carbon Negative country in the world, Bhutan is building Gelephu Mindfulness City (GMC) based on Bhutanese model of modern development.

17 September, 2025

IS GIFT CITY INDIA’S NEW INVESTMENT MAGNET?

17 September, 2025

SHOULD YOU INVEST IN CHENNAI REAL ESTATE?

17 September, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website