Godrej Properties Ltd

(GODREJPROP)

Godrej Properties Acquires Land, Shares Surge - 21 Nov, 2024

Godrej Properties announced the acquisition of a 53-acre land parcel in Joka, Kolkata, with a development potential of 1.3 million square feet. This strategic move has led to a surge in share prices, reflecting positive market sentiment and strong revenue potential of Rs 500 crore.

Godrej Properties Expands with Kolkata Land Acquisition - 20 Nov, 2024

Godrej Properties has acquired a 53-acre land parcel in Joka, Kolkata, aiming for a residential project with a revenue potential of Rs 500 crore. The company reported a significant increase in sales bookings and aims for a target of Rs 27,500 crore in FY 2024-25.

Godrej Properties Reports Growth and Launches Internship Program - 19 Nov, 2024

Godrej Properties has achieved significant sales growth of 114% in H1 FY25 and launched the ThisAble Me Internship Program for Persons with Disabilities, enhancing inclusivity.

Godrej Properties Reports Strong Performance and Growth Prospects - 18 Nov, 2024

Godrej Properties has shown impressive operational performance with a 219% increase in sales and 360% in PAT year-on-year. Analysts are bullish due to strong demand, a robust launch pipeline, and strategic investments, leading to a 42.5% return over the past year, outperforming the BSE Sensex.

Godrej Properties Denies Fraud Allegations Amid ED Probe - 17 Nov, 2024

Godrej Properties has denied allegations of fraud and money laundering linked to a housing project, calling them baseless and stemming from a dispute with a joint venture partner. The company is cooperating with the Enforcement Directorate's inquiry and plans legal action against the complainant for reputational harm. Previous investigations by other agencies found no evidence of wrongdoing, which may mitigate potential fallout from the ongoing inquiry.

ED Investigates Godrej Properties for Alleged Fraud - 15 Nov, 2024

The Enforcement Directorate has expanded its investigation into Godrej Properties regarding allegations of fraud and money laundering in a housing project, summoning several officials for questioning.

Maha RERA Orders Refund for Godrej Properties - 13 Nov, 2024

Maha RERA has ordered Godrej Properties to refund a senior citizen's booking amount of Rs 15 lakh for a luxury project in Kurla, Mumbai. The refund must be completed by November 30, 2024, with 2% interest. This follows multiple orders against Godrej for failing to refund homebuyers.

Godrej Properties Reports Debt Increase and Fundraising Plans - 11 Nov, 2024

Godrej Properties reported a 2% increase in net debt to Rs 7,572 crore in Q2 2024-25, driven by land acquisitions. The company plans to raise up to Rs 6,000 crore through securities issuance to support future growth.

Godrej Properties Expands Land Acquisitions Amid Debt Rise - 10 Nov, 2024

Godrej Properties has made 10 land acquisitions in FY25 and reported a 2% increase in net debt to Rs 7,572 crore. The company plans to raise Rs 6,000 crore to support future growth initiatives, aiming for Rs 27,500 crore in sales bookings this fiscal year.

Godrej Properties Faces Downward Pressure - 09 Nov, 2024

Godrej Properties' stock has fallen below its 200-day moving average, breaking multiple support levels. Analysts project further declines, targeting 2630, with a recommendation to short the stock.

Godrej Properties Sees Robust Growth in Gurgaon - 04 Nov, 2024

Gaurav Pandey, MD and CEO of Godrej Properties, highlighted strong price growth in Gurgaon, particularly on Golf Course Road, and noted continued robust growth in NCR and Bengaluru markets over the past two years.

Godrej Properties Wins Bid for Gurugram Housing Project - 28 Oct, 2024

Godrej Properties has emerged as the highest bidder for a group housing plot at Golf Course Road in Gurugram, securing a Letter of Intent. Additionally, management noted price growth momentum across various markets, including Mumbai.

Godrej Properties Wins Major Luxury Housing Bid - 25 Oct, 2024

Godrej Properties has secured a 7.5-acre luxury housing plot in Gurugram, with a revenue potential of over ₹5,500 crore. This acquisition marks their eleventh project in FY25, contributing to a total booking value of ₹22,950 crore. The company reported a 402% YoY profit surge in Q2FY25, reflecting strong demand in the NCR market.

Godrej Properties Reports Strong Q2 Growth and Ratings - 24 Oct, 2024

Godrej Properties Ltd. reported a remarkable 400% increase in net profit for Q2 FY25, achieving 51% of its sales guidance. Analysts maintain bullish ratings, with target prices ranging from ₹2,113 to ₹3,750, reflecting strong demand and growth potential despite some sell recommendations. The company plans multiple launches in key markets, indicating sustained momentum in the real estate sector.

Godrej Properties Reports Strong Q2 Profit Growth - 23 Oct, 2024

Godrej Properties achieved a five-fold increase in Q2 profit to ₹335.21 crore, with total income doubling. The company is on track to exceed its FY25 booking target of ₹27,000 crore, supported by strong demand and cash flow growth.