Godrej Properties to Raise ₹6,000 Crore for Growth and Sales Expansion:

Godrej Properties to Raise ₹6,000 Crore for Growth and Sales Expansion.

Godrej Properties announced on Tuesday that its board has approved a fundraising plan of up to ₹6,000 crore through the issuance of various securities. This move is aimed at strengthening the company’s financial position and fueling its growth in the competitive real estate market.

Godrej Properties Fundraising Plan of 6,000 Crore:

The Godrej Properties intends to raise the funds by offering a mix of securities, such as:

• Equity shares

• Debentures

• Preference shares

• Other eligible instruments

Godrej Properties may opt for public or private offerings, with options including qualified institutional placements (QIPs), rights issues, or further public offerings (FPOs). The flexibility in fundraising approaches will allow the company to adjust to changing market conditions and investor sentiment.

Godrej Properties A Leading Name in Real Estate:

Godrej Properties is one of India’s top real estate developers, with a strong presence in major markets like:

• Delhi-NCR

• Mumbai Metropolitan Region (MMR)

• Pune

• Bengaluru

The company has recently expanded into Hyderabad, demonstrating its intent to capitalize on emerging opportunities across India.

Godrej Properties an Impressive Sales Growth:

In the last financial year (FY 2023-24), Godrej Properties recorded an 84% surge in sales bookings, reaching ₹22,527 crore, making it the leading real estate firm in terms of sales. For the current fiscal year, the company has set a goal of ₹27,000 crore in sales bookings.

The momentum has carried into the first quarter of this fiscal year, with bookings nearly quadrupling to ₹8,637 crore, compared to ₹2,254 crore in the same period last year. This remarkable performance highlights the company’s robust market position and effective business strategies.

About the Company:

Godrej Properties Established in 1990, Godrej Properties is the first real estate company to have ISO certification. The company is currently developing landmark projects in 12 cities across India covering over 18.58 million square meters. Godrej Properties is known to bring innovation and excellence to the real estate industry.

Established in 1897, the Godrej Group has its roots in India’s Independence and Swadeshi movement. Our founder, Ardeshir Godrej, a lawyer-turned-serial entrepreneur failed with a few ventures before he struck gold with a locks business.

Today, we enjoy the patronage of 1.1 billion consumers globally across consumer goods, real estate, appliances, agriculture and many other businesses. In fact, our geographical footprint extends beyond Earth, with our engines now powering many of India’s space missions.

With a revenue of over USD 6 billion, we are growing fast, and have exciting, ambitious aspirations.

But for us, it is most important that besides our strong financial performance and innovative, much-loved products, we remain a good company. Approximately 23 per cent of the promoter holding in the Godrej Group is held in trusts that invest in the environment, health and education. We are also bringing together our passion and purpose to make a difference through our Good & Green strategy of ‘shared value’ to create a more inclusive and greener India.

At the heart of all of this is our people. We take much pride in fostering an inspiring workplace, with an agile and high-performance culture. We are also deeply committed to recognizing and valuing diversity across our teams.

https://www.godrejproperties.com/our-story/about

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