Godrej Properties Ltd

The said growth was achieved through the sale of 3,703 homes with a total area of 7.52 million square feet. Sales in Q4 FY25 were driven by strong demand in several key new project launches including Godrej Riverine in Noida, which achieved a booking value of over Rs 2,000 crore, Godrej Astra in Gurugram, which achieved a booking value of over Rs 1,000 crore, and Godrej Madison Avenue, in Hyderabad, which achieved a booking value of over Rs 1,000 crore. In FY25, the realtor's booking value jumped 31% YoY to Rs 29,444 crore. The said growth was achieved through the sale of 15,302 homes with a total area of 25.73 million sq. ft., a YoY volume growth of 29%. NCR, MMR & Bengaluru contributed more than Rs 10,500 crore, Rs 8,000 crore and Rs 5,000 crore respectively to the booking value in FY25. The company has achieved 109% of its annual guidance for booking value for FY25. Gaurav Pandey, MD & CEO, Godrej Properties, said, 'We are delighted to have crossed INR 10,000 crore in sales bookings for the first time in Q4FY25. Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. 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 we generated in FY25 will enable us to continue to invest for growth.' 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 surged 161.2% to Rs 162.64 crore in Q3 FY25 as compared with Rs 62.27 crore in Q3 FY24. Net sales soared 193.2% to Rs 968.88 crore in Q3 FY25 as against 330.44 crore in Q3 FY24. Powered by Capital Market - Live

The key equity indices traded with significant losses in the morning trade, mirroring a global market rout driven by escalating trade tensions and mounting recession fears in the United States. The Nifty dropped below the 21,950 mark. Metal shares extended losses for the third consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, slumped 2,932.17 points or 3.86% to 72,461.11. The Nifty 50 index tanked 958.70 points or 4.19% to 21,945.75. In the broader market, the S&P BSE Mid-Cap index dropped 4.77% and the S&P BSE Small-Cap index tumbled 6.28%. The market breadth was weak. On the BSE, 306 shares rose and 3,415 shares fell. A total of 145 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, climbed 56.10% to 21.47. Economy: India's foreign exchange (forex) reserves jumped $6.596 billion to $665.396 billion during the week ended March 28, according to the latest data from the RBI. For the week ended March 28, foreign currency assets, a major component of the reserves, increased by $6.158 billion to $565.014 billion, the RBI data released on Friday showed. Gold reserves increased by $519 million to $77.793 billion during the week ended March 28. The special drawing rights (SDRs) were down by $65 million to $18.176 billion, the RBI said. India's reserve position with the IMF was also down by $16 million at $4.413 billion in the reporting week, the apex bank data showed. Buzzing Index: The Nifty Metal index tanked 7.93% to 7,747.20. The index plummeted 14.67% in three consecutive trading sessions. Lloyds Metals & Energy (down 13.76%), Tata Steel (down 9.27%), Hindustan Copper (down 9.19%), National Aluminium Company (down 9.04%), Steel Authority of India (down 7.34%), Vedanta (down 7.32%), JSW Steel (down 6.79%), Hindalco Industries (down 6.48%), NMDC (down 6.47%) and Hindustan Zinc (down 6.23%) declined. Stocks in Spotlight: Godrej Properties dropped 6.86%. The company has entered into an agreement for development of a prime land parcel in Versova, Mumbai. This project is estimated to have a developable potential of approximately 4.4 lakh square feet of saleable area, with an estimated revenue potential of nearly Rs 1,350 crore. Bajel Projects lost 7.09%. The company's board of directors has appointed Nitesh Bhandari as chief financial officer (CFO) & joint president of the company, effective from 1 May 2025. KSB fell 5.28%. The company has received letter of award for a solar water project worth Rs 14 crore from Tripura Renewable Energy Development Agency. It secured another letter of award for a solar water project worth Rs 49 crore from Maharashtra State Electricity Distribution. Powered by Capital Market - Live

This project is estimated to have a developable potential of approximately 4.4 lakh square feet of saleable area, comprising primarily of premium residential development of various configurations, with an estimated revenue potential of nearly Rs 1,350 crore. Versova remains a highly desirable location in the Western suburbs, offering good connectivity via the Versova Metro, Western Express Highway, and Link Road. The proposed 'Bandra-Versova Sealink' (BVSL) will further enhance connectivity to Bandra and South Mumbai. Its robust social infrastructure includes top schools, hospitals, and entertainment hubs. Proximity to business districts and ongoing infrastructure development further enhance the area's appeal for homebuyers. Gaurav Pandey, MD & CEO, Godrej Properties, said: 'This is our first land acquisition in Versova and reflects our confidence in the area's potential. It further strengthens our presence in Mumbai and aligns with our growth strategy, which focuses on delivering high-quality developments in high-demand micro-markets.' Godrej Properties is the real estate arm of the Godrej Group. It is a subsidiary of Godrej Industries, which holds 44.77% of the company's equity shares as of 31 December 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. On a consolidated basis, the real estate major's net profit surged 161% to Rs 163 crore while total income jumped 133% to Rs 1,222 crore in Q3 December 2024 over Q3 December 2023. The scrip had declined 3.86% to end at Rs 2069.45 on the BSE on Friday. Powered by Capital Market - Live

Godrej Properties announced that it has entered into an agreement for development of a prime land parcel in Versova, Mumbai. This project is estimated to have a developable potential of ~4.4 Lakh square feet of saleable area, comprising primarily of premium residential development of various configurations, with an estimated revenue potential of Rs ~1,350 crores. Gaurav Pandey, MD & CEO, Godrej Properties, said, 'This is our first land acquisition in Versova and reflects our confidence in the area's potential. It further strengthens our presence in Mumbai and aligns with our growth strategy, which focuses on delivering high-quality developments in high-demand micro-markets.'  Powered by Capital Market - Live

Launched in March 2025, Godrej Riverine is strategically located in Sector 44, one of the key micro markets in Noida. The project is spread over approximately 6.46 acres, comprising luxury residential apartments of varied configurations. With its well-planned infrastructure, wide roads, and proximity to Delhi, Noida offers a high-quality lifestyle and good connectivity. Godrej Riverine marks the third consecutive launch with more than Rs 2,000 crore sales for the company in Noida. The company had previously sold inventory of over Rs 2,000 crore in Godrej Jardinia, Sector 146 Noida in Q1 FY25 and in Godrej Tropical Isle, Sector 146, Noida in Q2 FY24. Gaurav Pandey, MD & CEO, Godrej Properties, said, 'We are delighted with the overwhelming response to our luxury project, Godrej Riverine in Noida. We extend our sincere gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We remain committed to delivering an exceptional living experience at this development. Noida is a key market for us, and we look forward to further strengthening our presence in the region in the years ahead.' Godrej Properties is the real estate arm of the Godrej Group. It is a subsidiary of Godrej Industries, which holds 44.77% of the company's equity shares as of 31 December 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. On a consolidated basis, the real estate major's net profit surged 161% to Rs 163 crore while total income jumped 133% to Rs 1,222 crore in Q3 December 2024 over Q3 December 2023.Powered by Capital Market - Live

Godrej Astra is strategically located in the prestigious Golf Course Road micro-market and spread over around 2.76 acres, offering an exquisite blend of modern design and premium amenities. Godrej Astra is strategically located in the prestigious Golf Course Road micro-market and spans around 2.76 acres, offering an exquisite blend of modern design and premium amenities. The area is known for its upscale residential and commercial developments, making it an attractive destination for real estate investment. With well-planned infrastructure and proximity to key landmarks, the location offers residents a premium lifestyle and convenient connectivity. This is Godrej Properties' second launch in the prime Golf Course Road micro-market. Gaurav Pandey, MD & CEO, Godrej Properties, said, 'We are delighted with the response to our luxury project, Godrej Astra. We'd like to take this opportunity to extend our gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure an exceptional living experience for the residents of Godrej Astra. Gurugram is an extremely important market for Godrej Properties and we look forward to further strengthening our presence there in the coming years. Godrej Properties is the real estate arm of the Godrej Group. It is a subsidiary of Godrej Industries, which holds 44.77% of the company's equity shares as of 31 December 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. On a consolidated basis, the real estate major's net profit surged 161% to Rs 163 crore while total income jumped 133% to Rs 1,222 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Godrej Properties has sold ~90 homes worth over Rs 1,000 crore at its luxury project, Godrej Astra, on the launch day. Godrej Astra is strategically located in the prestigious Golf Course Road micro-market in Gurugram and spread over ~ 2.76 acres, offering an exquisite blend of modern design and premium amenities. Golf Course Road is an established micro-market renowned for its upscale residential and commercial developments, making it an attractive destination for real estate development. With its well-planned infrastructure and proximity to prominent landmarks, the location offers residents a premium lifestyle and convenient connectivity. This is GPL's second launch in the prime Golf Course Road micro-market. Powered by Capital Market - Live

'Launched in January 2025, this new project represents Godrej Properties' successful entry into Hyderabad, further strengthening its presence in Southern India,' the company said in a statement. Kokapet is one of Hyderabad's most sought-after residential and commercial hubs. Godrej Madison Avenue is located on the Golden Mile Road with access to schools, health facilities, neighbourhood retail, and premium lifestyle offerings. The area also offers seamless connectivity to Outer Ring Road, Financial District, Gachibowli, and HITEC City. Gaurav Pandey, MD & CEO, Godrej Properties, said: We are thrilled with the response to our first project in Hyderabad. This success reiterates the huge growth opportunity available to Godrej Properties in Hyderabad and the strong demand for premium residential developments in Kokapet. This success also strengthens our commitment to expanding in Hyderabad where we will be launching a second project shortly. Godrej Properties is the real estate arm of the Godrej Group. It is a subsidiary of Godrej Industries, which holds 44.77% of the company's equity shares as of 31 December 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. On a consolidated basis, the real estate major's net profit surged 161% to Rs 163 crore while total income jumped 133% to Rs 1,222 crore in Q3 December 2024 over Q3 December 2023. The scrip shed 0.81% to currently trade at Rs 2172.40 on the BSE. Powered by Capital Market - Live

Godrej Properties announced that it has sold homes worth over Rs 1,000 crore with a total area of ~0.84 million sq. ft. in its project, Godrej Madison Avenue, located in Kokapet, Hyderabad. Launched in January 2025, this new project represents Godrej Properties' successful entry into Hyderabad, further strengthening its presence in Southern India. Kokapet is one of Hyderabad's most sought-after residential and commercial hubs. Godrej Madison Avenue is strategically located on the well-developed Golden Mile Road with access to reputed schools, health facilities, neighbourhood retail, and premium lifestyle offerings that further enhance its appeal among homebuyers and investors. The area also offers seamless connectivity to Outer Ring Road, Financial District, Gachibowli, and HITEC City. Gaurav Pandey, MD & CEO, Godrej Properties, said, 'We are thrilled with the response to our first project in Hyderabad. This success reiterates the huge growth opportunity available to Godrej Properties in Hyderabad and the strong demand for premium residential developments in Kokapet. This success also strengthens our commitment to expanding in Hyderabad where we will be launching a second project shortly. Powered by Capital Market - Live

The key equity benchmarks traded with significant gains in mid-morning trade. The Nifty traded above 23,600 level. Private bank shares soared for the sixth consecutive trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex, added 884.85 points or 1.15% to 77,811.95. The Nifty 50 index advanced 263.95 points or 1.13% to 23,614.35. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 1.26% and the S&P BSE Small-Cap index added 1.34%. The market breadth was strong. On the BSE, 2,773 shares rose and 1,130 shares fell. A total of 203 shares were unchanged. Economy: India's private sector economy ended the 2024/25 fiscal year on strong footing, sustaining robust expansions in new business intakes and output, according to preliminary HSBC flash PMI data. Rates of growth softened from February, though remained well above their respective long-run averages. Outstanding business volumes continued to rise, supporting another round of job creation, while price trends were mixed. The HSBC Flash India Composite Output Index was down marginally from February's final reading of 58.8 to 58.6 in March. The latest figure was above its long-run average of 54.7 and indicated a sharp rate of expansion. The HSBC Flash India Manufacturing PMI increased from 56.3 in February to 57.6 in March, signalling a notable improvement in operating conditions that was broadly aligned with the average for the 2024/25 fiscal year. Pranjul Bhandari, Chief India Economist at HSBC, said: India's manufacturing sector expanded at a faster pace in March, according to the flash PMI. The output index rose to its highest level since July 2024. Yet the margin squeeze on manufacturers intensified as input price inflation ticked up while factory gate prices rose at the weakest rate in a year. The moderation in new export orders growth was also noteworthy amid tariff announcements. Buzzing Index: The Nifty Private Bank index jumped 2.44% to 25,847.15. The index surged 7.9% in the six consecutive trading sessions. Kotak Mahindra Bank (up 4.02%), RBL Bank (up 3.82%), Axis Bank (up 3.22%), Federal Bank (up 3.02%) and IDFC First Bank (up 2.31%) were the top gainers. Among the other gainers were ICICI Bank (up 2.1%), HDFC Bank (up 1.66%), Bandhan Bank (up 1.3%), City Union Bank (up 0.07%) advanced. Stocks in Spotlight: Godrej Properties (GPL) rose 2.02% after the company has announced the acquisition of approximately 10 acres of land in Yelahanka, Bengaluru, for a new development project with an estimated revenue potential of Rs 2,500 crore. SMS Pharmaceuticals rose 2.94% after company announced that it has successfully completed a US Food and Drug Administration (USFDA) inspection at its API manufacturing facility located in Bachupally, Hyderabad, Telangana. The inspection was conducted from 17 March to 21 March 2025 and concluded with one observation in Form 483. Global Markets: US Dow Jones index futures rose 229 points, signaling a strong opening for US stocks today. Media reports suggest that President Donald Trump's April 2 tariffs will be narrower and less stringent than initially feared, easing concerns about their economic impact. Most Asian stocks declined on Monday as investors braced for Trump's looming April 2 tariff deadline. In Japan, business activity shrank for the first time in five months. The au Jibun Bank Manufacturing PMI fell to 48.3 in March, down from 49.0 in February, marking its ninth consecutive month of contraction. Meanwhile, the Services PMI dropped to 49.5 from 53.7, the first decline since mid-2024. A PMI reading below 50 indicates contraction. Meanwhile, Chinese Premier Li Qiang warned of 'rising instability' and urged nations to open up their markets. On Friday, US market closed higher as Trump hinted at flexibility on tariffs, although he reaffirmed the April 2 deadline for reciprocal duties. The S&P 500 rose 0.08% to 5,667.56 points, while the NASDAQ Composite rose 0.52% to 17,784.05 points. The Dow Jones Industrial Average rose 0.08% to 41,985.35 points. Nike stock slipped over 5% after fiscal fourth-quarter revenue estimate came in below analysts' expectations. While stocks have rebounded from oversold levels, investors remain cautious. Until there is clarity on the tariff situation'expected by April 2'the market's upside potential will likely remain limited.Powered by Capital Market - Live