Godrej Properties plans to develop nearly 2.2 million sq ft in Pune and 9 lakh sq ft in Bengaluru, with revenue potentials of ₹1,800 crore and ₹1,200 crore respectively. They aim for ₹27,000 crore in pre-sales by FY2025.
Godrej Properties Ltd. has disclosed plans to develop an expansive 11-acre land parcel in Pune, focusing primarily on Group Housing and High Street Retail. According to their exchange filing, the project is set to encompass approximately 2.2 million square feet of developable area, projecting a revenue potential of ₹1,800 crore.
In addition to the Pune venture, the company has acquired nearly 7 acres of land in Thanisandra, North Bengaluru. This acquisition is earmarked for a high-end residential project, boasting a developable area of approximately 9 lakh square feet. The projected revenue from this project is estimated at ₹1,200 crore.
Godrej Properties continues to strengthen its market position, recently becoming the largest developer by booking volume. They have set ambitious targets, aiming for pre-sales of ₹27,000 crore in the fiscal year 2025, signalling a robust 20% growth from the previous year.
Explore:Godrej Properties Ltd Share Price
The company currently holds an ongoing project inventory of just seven months and plans to launch projects worth nearly ₹30,000 crore across its core markets in the current fiscal year.
Industry analysts view Godrej Properties' strategic moves positively, noting their expansion into Pune and Bengaluru as pivotal for market dominance. The company's proactive approach to leveraging prime real estate underscores its commitment to sustainable growth and profitability in India's burgeoning real estate sector.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Share Market Today | GIFT Nifty Up, Nasdaq and Nikkei Hit ATH
04 Jul, 2024 | 5 Min. read
Coal India's BCGCL Launches Pre-Bid Meeting for Gasification Project
04 Jul, 2024 | 2 Min. read
Commodities Market Today | Oil Up Over 1% on Demand Signals
04 Jul, 2024 | 2 Min. read
Gold Rate Today | Gold Rises Over 1% on Rate Cut Bets
04 Jul, 2024 | 2 Min. read
Brigade Group Announces ₹1,100 Cr Residential Project in Bengaluru
04 Jul, 2024 | 2 Min. read
GE T&D India Secures €64M Order from France’s Grid Solutions
04 Jul, 2024 | 2 Min. read
Taneja Aerospace Bags ₹14.47 Crore Order from Bharat Electronics
04 Jul, 2024 | 2 Min. read
IEX Sees 24.7% Growth in Electricity Volume in June 2024
03 Jul, 2024 | 2 Min. read
Commodities Market Today | Crude Oil Retreats from Two-Month High
03 Jul, 2024 | 2 Min. read
Share Market Today | GIFT Nifty Up 90+ Points, US Markets Hit New Highs
03 Jul, 2024 | 5 Min. read
Gold Rate Today | Gold Down 0.21% Following Fed’s Dovish Stance
03 Jul, 2024 | 2 Min. read
Kotak Mahindra Bank Replies to SEBI on Adani Stock Short-Selling Allegations
03 Jul, 2024 | 2 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading