Godrej Properties Ltd News

Stocks to Watch: Tata Steel, HDFC, AEL, AWL, SpiceJet, Titan, BoB, NTPC_59534

Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO opens today.

Godrej Properties' Q4 profit at Rs 260 cr; income triples to Rs 1,523 cr_59370

Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended March 2022 on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period. Total income increased to Rs 1,522.57 crore during January-March quarter of the last fiscal year from Rs 576.08 crore in the year-ago period, according to a regulatory filing. Mumbai-based Godrej Properties posted a net profit of Rs 352.37 crore during 2021-22 fiscal year as against a net loss of Rs 189.30 crore in the previous year. Total income increased to Rs 2,585.69 crore in the last fiscal year from Rs 1,333.09 crore in 2020-21. "The real estate sector has strengthened during FY22 and we expect strong growth for the sector over the next few years. We are pleased to close the financial year with our best ever annual sales, cash collections, and earnings. With a robust launch pipeline, strong balance sheet and sectoral tailwinds, we look forward to building on this mome

Godrej Properties buys 58-acre land in Nagpur to develop housing project_57640

Realty firm Godrej Properties Ltd on Thursday said it has acquired a 58-acre land parcel in Nagpur to develop a residential project as part of its strategy to expand business. The company, which is part of Godrej group, did not disclose the value of this land deal. The development on this land will comprise primarily of plotted residential units, the company said in a regulatory filing. The project will offer an estimated saleable area of 1.5 million square feet. "We are happy to add this new project in Nagpur to our portfolio. This fits with our strategy of strengthening our presence in key residential markets across the country," Mohit Malhotra, MD & CEO, Godrej Properties, said. The project has good connectivity to Nagpur Airport and the Nagpur - Hyderabad highway with well-established social infrastructure in the vicinity, the company said. "Nagpur has many prominent infrastructure projects like the Metro Rail project, IT and manufacturing facilities in MIHAN SEZ and Airport

Higher number of project launches, new deals positive for Godrej Properties_54777

The gains for Godrej Properties are from new launches, are however, is factored into the price.

Godrej Properties seeks Rs 1,000 cr revenue from Mumbai new housing project_51450

Realty firm Godrej Properties Ltd will develop a new housing project at Kandivali East in Mumbai with an estimated sales revenue of Rs 1,000 crore. In a regulatory filing, Godrej Properties on Thursday said it has extended an existing arrangements with Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar, Kandivali East. "The new project will have an estimated booking value potential of approximately INR 1,000 crore," Godrej Properties said. This project is an extension of Godrej Tranquil and Godrej Nest, and will offer about 7 Lakh square feet of saleable area. Mohit Malhotra, MD & CEO, Godrej Properties, said, "We are pleased to add this project to our portfolio. Kandivali is a developed micro-market and extending our existing projects in the location fits well with our strategy of deepening our presence in key micro markets across India. In the last few months, Godrej Properties, the largest listed realty firm during the 2020-21 ..

India home to 12 real estate billionaires; Rajiv Singh of DLF the richest_51224

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

DLF, Godrej Properties: 5 real estate stocks you can buy for up to 11% gain_33420

40 per cent correction in Godrej Property should see a smart 11 per cent jump now, technical charts suggest

Godrej Properties plans Rs 7,500-cr investment in next 12-18 months_31895

Recently, Godrej Properties Ltd reported that its consolidated net profit in December quarter nearly trebled to Rs 38.95 crore

Godrej Properties decides not to go ahead with DB Realty investment_27771

The real estate firm said the decision was taken after receiving shareholders' feedback. On Friday, the company's scrip fell nearly 10% on BSE

Godrej Properties slumps 10% as board approves investment in DB Realty_27440

In the last two trading sessions, the stock has tanked 16 per cent. The company reported a subdued December quarter as its pre-sales volumes declined 7 per cent YoY and 39 per cent on a QoQ basis.

Godrej Properties logs nearly three-fold jump in Q3 profit at Rs 39 cr_27059

Total income increased to Rs 466.91 crore in the quarter from Rs 311.12 crore in the corresponding period of the previous year, according to a regulatory filing

Godrej Properties to invest Rs 400 cr in DB Realty to pick up 10% stake_27292

Godrej Properties to invest another Rs 300 cr to jointly build redevelopment projects

Exide, India Cement: 5 mid, smallcaps that look attractive post Budget 2022_26465

Stocks like Godrej Property can surge 15 per cent, where as Navin Fluoro can easily jump another 10 per cent provided it consecutively closes above Rs 4250

Axis Bank, Bajaj Auto: Nearly 45% of Nifty500 stocks trading below 200-DMA_22517

Stocks breaching 200-DMA may see aggravated selling pressure in coming sessions.

Realty index slips 6%; DLF, Oberoi Realty, Godrej Properties down up to 8%_138

Despite the over 10 per cent correction from its 52-week high, the BSE Realty index has outperformed the market by surging 57 per cent thus far in the calendar year 2021