Godrej Properties Ltd

Godrej Properties Recommends Dividend Of Rs 4.00 per share The board of Godrej Properties in its meeting held on 09 May 2013 has recommended dividend of Rs 4 Per share (40%) for the year ended 31 March 2013.

Godrej Properties - Board to consider Dividend On 09 May 2013 The board meeting of Godrej Properties will be held on 09 May 2013, to consider the audited financial results and recommend dividend of the company for the year ended 31 March 2013.

Godrej Properties launches a luxury residential project in Alipore, Kolkata Godrej Properties has announced the launch of its ultra-luxury residential project, Godrej Platinum in Alipore, Kolkata. Spread over approximately 1.4 acres, this project will have only 35 luxurious homes. Apartment sizes range between 3,762 sq. ft. per apartment and 5,075 sq. ft. per apartment with an average ticket size of Rs 10 crore per home. Godrej Platinum enjoys good frontage on Burdawan Road within the peaceful and serene Alipore, which has established itself as Kolkata`s most desirable residential enclave. Renowned hotels, schools, hospitals, and shopping malls are in close proximity to Godrej Platinum. The centrally air-conditioned apartments will have luxurious and spacious bedrooms with exclusive wardrobe areas. All apartments are designed to be intelligent homes and will be fitted with state-of-the-art home automation systems. Each apartment will have spacious outdoor private decks for entertainment. In addition, Godrej Platinum offers a multitude of lifestyle and sports amenities including a well-equipped gymnasium, swimming pool, indoor games and dedicated kids play area. The project will use eco-friendly material and will integrate environment- sensitive passive architectural solutions to minimize carbon emissions. Features like electric car charging facility, rainwater harvesting, low VOC paints and water efficient fixtures will be incorporated in the project design. The company made this announcement during the trading hours today, 12 April 2013.

Godrej Properties launches phase III of Godrej Summit in Gurgaon Godrej Properties has announced the launch of phase III of its residential project, Godrej Summit, near Dwarka Expressway, in Sector 104, Gurgaon. The new phase consists of a total saleable area of approximately 2 lakh sq. ft. Customers can choose from 3 BHK, 4 BHK, and penthouse apartments ranging in size from 1,712 sq. ft. to 4,925 sq. ft. Godrej Summit will offer various amenities including a modern community centre, a well-equipped gymnasium, swimming pools, meditation/yoga areas and a cafe. Sports facilities such as an indoor squash court, a tennis court, a badminton court, a multipurpose court, a jogging track and a skating rink will also be part of the project. Customers will benefit from a nursery and primary schools as well as retail spaces planned within the project. Godrej Summit is a joint development project, which Godrej Properties is developing in partnership with Zara Sanya. The company made this announcement during the trading hours today, 12 April 2013.

Godrej Properties enters new joint venture project in Pune Godrej Properties will develop a residential housing project at Undri (near NIBM) in Pune. The project, spread over 31 acres, will offer approximately 1.5 mn sq. ft of saleable area and will comprise of 1, 2 and 3 BHK apartments. The location offers excellent connectivity to all key access points in Pune like M.G. Road, the Mumbai - Bangalore Highway (NH 4), and the Pune - Solapur Highway (NH 9). The project will also benefit from the well developed social and educational infrastructure surrounding it with Corinthian Club, Bishop`s co-ed School, and Delhi Public School in the immediate neighbourhood. Like most Godrej Properties` projects, this project will be a joint venture project. GPL will be entitled to 40% of the profits from the project. The company made this announcement on 01 April 2013.

Godrej Properties launches affordable housing in Ahmedabad Godrej Properties today announced launch of the affordable housing scheme in their township project Godrej Garden City (GGC) in Ahmedabad. Five new towers, each ground plus 12 storeys tall, will offer affordable 1 BHK apartments each measuring 600 sq. ft. at prices starting from Rs 16.5 lakh. GGC is located just off SG Highway in Ahmedabad. The project is within Ahmedabad Municipal Corporation (AMC) limits. The company made this announcement during the trading hours today, 28 March 2013.

Godrej Properties` board approves stock split On 23 March 2013 The board of Godrej Properties in its meeting on 23 March 2013 has approved the proposal to sub-divide the equity shares of nominal value of Rs 10 each of the company into 2 equity shares of nominal value of Rs 5 each from the record date to be announced after the proposal is approved by the members of the company. The company will also seek approval of the members for sub-division of shares by way of postal ballot pursuant to section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011.

Godrej Properties grants stock options Under Employee Stock Grant Scheme The committee of Godrej Properties in its meeting on 30 January 2013 has approved the grant of 360 stock options under the Godrej Properties Employee Stock Grant Scheme, 2011 (GPL ESGS). Further, the committee has noted lapse of 1,000 stock options under Godrej Properties Employee Stock Option Plan (GPL ESOP) on account of resignation of an employee.

Godrej Properties` board approves scheme of amalgamation On 10 January 2013 The board of Godrej Properties on 10 January 2013 has approved the scheme of amalgamation of Godrej Waterside Properties with Godrej Properties. No shares are proposed to be issued pursuant to the scheme since Godrej Waterside Properties is a wholly owned subsidiary of Godrej Properties. The scheme is subject to approval of the Hon`ble High Court of Judicature at Bombay, and the shareholders and creditors, if any, of Godrej Waterside Properties, as may be directed by the Hon`ble High Court of Judicature at Bombay. The merger being of a 100% subsidiary company into Godrej Properties, a specific dispensation will be sought from the Hon`ble High Court of Judicature at Bombay from filing the application / petition by Godrej Properties and accordingly, Godrej Properties will not be required to file a petition with any High Court.

Godrej Properties - A New Redevelopment Project In Mumbai On 26 December 2012 Godrej Properties, the real estate development arm of the Godrej Group, through its wholly owned subsidiary Godrej Projects Development, has entered into a development management agreement with Ratnaraj Blessing Milestone, a partnership firm, to Redevelop a private society, Kamgar Swa Sadan Cooperative Housing Society, situated at Mahadeo Palav Marg, Currey Road, Mumbai. Godrej Properties will act as development manager and will be responsible for the conceptualization, design, sales, and marketing of the project. The project will offer approximately 120,000 sq ft of saleable area and is proposed to be developed as a modern residential development with 2, 3, and 4 BHK apartments. The site is strategically located close to Currey Road and Lower Parel Stations and will have easy access to the business hub of Lower Parel. It is well connected by road and rail to most important locations across mumbai. The upcoming mono rail network is also in close proximity. The project will offer panoramic views of the cityscape of mumbai.

Godrej Properties grants stock options On 01 November 2012 The committee of Godrej Properties in its meeting on 01 November 2012 has approved the grant of 345 stock options under the Godrej Properties Employee Stock Grant Scheme, 2011 (GPL ESGS). Further, the company has announced that pursuant to the provisions of the GPL ESGS, the option grantees have exercised 626 stock grants equivalent to 626 equity shares of Rs 10 each during the exercise period starting from 01 October 2012 to 31 October 2012. Accordingly, the duly authorised allotment committee of the board of directors of the company in its meeting held on 01 November 2012 has allotted 626 equity shares at an exercise price of Rs 10 per equity share to option grantees in terms of GPL ESGS.

Godrej Properties to convene EGM On 19 October 2012 Godrej Properties has announced that the extraordinary general meeting of the company will be held on 19 October 2012.

Godrej Properties sells entire first phase of Godrej Summit in one day Godrej Properties has announced that it has sold the entire first phase of its residential project, Godrej Summit, in sector 104, Gurgaon. The first phase of this project had 695 apartments across 1 million sq. ft. of space. Spread over 21 acres, Godrej Summit consists of 11 high rise towers and offers approximately 1,200 homes across 2 million sq. ft. of space. Godrej Summit will offer various amenities including a modern community center, a well-equipped gymnasium, swimming pools, meditation areas and a cafe. Sports facilities such as a squash court, a tennis court, a badminton court, a multipurpose court, a jogging track and a skating rink will also be part of the project. Customers will benefit from a nursery and primary schools as well as retail spaces planned within the project. The company made this announcement during the trading hours today, 13 September 2012.

Godrej Properties announces a new redevelopment project in Mumbai Godrej Properties, the real estate development arm of the Godrej Group, has through its wholly owned subsidiary Godrej Projects Development, signed an agreement to redevelop a private society owned property in Ghatkopar, Mumbai.

Godrej Properties grants stock options Under Employee Stock Grant Scheme Godrej Properties has granted additional 2,218 stock options under Godrej Properties Employee Stock Grant Scheme to the employee of the company.

Godrej Properties to develop a major township project in Mumbai The mumbai-based real estate developer enters into a JV agreement for a premium residential project Godrej Properties, the real estate development arm of the Godrej Group has announced that it has entered into an agreement to develop approximately 110 acres of land in Panvel. The project will have an estimated saleable area of 3.5 million square feet. Like most Godrej Properties projects, this project will be done on a joint venture basis. Godrej Properties has entered into a profit sharing joint venture structure for this project where GPL will receive 35% of the profits from the development. The project is expected to be launched in 2013 and is estimated to be completed in approximately six years from its launch.

Godrej Properties creates Rs 770 crore residential development platform with an APG-led global investor consortium Godrej Properties today announced creation of a residential development platform with Rs 770 crore of equity commitments comprising of a group of global investors led by Dutch pension services provider APG, one of the largest pension fund managers and real estate investors in the world. The investor group also includes Sparinvest Property Fund II, a global real estate fund-of-funds managed by Sparinvest Property Investors.

Godrej Properties allots equity shares Under ESOP Godrej Properties has announced that pursuant to the provisions of the Godrej Properties Employees Stock Grant Scheme, 2011 the option grantees have exercised 8,658 stock grants equivalent to 8,658 equity shares of face value of Rs 10 each of the company during the exercise period, starting from 07 May 2012 to 06 June 2012. Accordingly, the duly authorised allotment committee of the board of directors of the company in its meeting on 07 June 2012 has allotted 8,658 equity shares at an exercise price of Rs 10 per equity share to the option grantees in terms of the GPL ESGS.

Godrej Properties grants stock options Under Employee Stock Grant Scheme The committee of Godrej Properties in its meeting on 05 May 2012 has approved the grant of 47,228 new stock options under the Godrej Properties Employee Stock Grant Scheme 2011.

Godrej Properties to announce financial results Board meeting on 05 May 2012 The board meeting of Godrej Properties will be held on 05 May 2012 to consider and approve the audited financial results for the year ended 31 March 2012 and to consider payment of dividend, if any.

Godrej Properties to convene EGM On 05 March 2012 Godrej Properties has announced that the extraordinary general meeting of the company will be held on 05 March 2012.

Godrej Properties grants stock options Under Employee Stock Grant Scheme The committee of Godrej Properties in its meeting on 19 January 2012 has approved the grant of 1,878 stock options under the Godrej Properties Employee Stock Grant Scheme, 2011.

Godrej Properties to announce Q3 results Board meeting on 19 January 2012 The board meeting of Godrej Properties will be held on 19 January 2012 to consider the unaudited financial results of the company for the quarter & nine months ended 31 December 2011 (Q3).

Godrej Properties to develop residential project in Pune Entered into a joint venture to develop a group housing project in Undri, Pune Godrej Properties (GPL), the real estate development arm of the Godrej Group, has joined as a partner in Mosiac Landmarks LLP to develop a group housing project at Undri (near NIBM) in Pune. This is a profit sharing arrangement with GPL getting 51% of the profits from the project. The project, spread over 8.64 acres, will offer approximately 500,000 sq. ft of saleable area and is proposed to be developed as a modern group housing residential development comprising 2, 2.5, 3 BHK, and penthouse apartments. The location offers excellent connectivity to all key areas in Pune, like M. G. Road, the Mumbai - Bangalore Highway (NH 4), and the Pune - Solapur Highway (NH 9). The project will also benefit from the well developed social and educational infrastructure surrounding it - with Corinthian Club and Bishop`s Co-ed School in the immediate neighborhood. The company made this announcement on 16 December 2011.

Godrej Properties signs MoU with ICICI Bank Godrej Properties, the real estate development arm of the Godrej Group and ICICI Bank, India`s largest private sector bank, signed a memorandum of understanding (MoU) on extending their projects and financial services to customers in various geographies. Under this tie-up, both entities will host various co-promotional activities for customers in India as well as for NRI`s in UAE, Singapore, USA & UK. GPL will showcase their sustainable homes while the ICICI Bank offering is designed to provide an attractive proposition for home loans. The company made this announcement on 07 December 2011.

Godrej Properties to raise funds Through issue of securities The board of Godrej Properties in its meeting on 21 October 2011 has approved, subject to the approval of the shareholders of the company and the regulatory authorities, as may be required, the proposal of issuance of further equity shares by way of various means such as a public issue, rights issue, private placement or a combination thereof, including a qualified institutions placement in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, in one or more offerings/ tranches, such that the total amount raised, including premium, shall not exceed Rs 750 crore.

Godrej Properties enters into an agreement for a new residential project in Bengaluru Godrej Properties (GPL) has announced a tie-up with Universal Builders, where GPL will act as the development manager for developing about 0.4 million sq ft of premium residential villas, spread over 14.5 acres at Electronic City in Bengaluru.

Godrej Properties enters into landmark agreement with Godrej & Boyce Godrej Properties has entered into landmark agreement with Godrej & Boyce. Godrej Properties will act as development manager and will be responsible for the conceptualization, design, sales, and marketing of all future development on the G&B owned Vikhroli land.

Godrej Properties signs agreement with Goldbricks Infrastructure Godrej Properties has signed an agreement with Goldbricks Infrastructure to develop a residential project admeasuring saleable area of approximately 2 million sq. ft situated within Anandam World City at Ganeshpeth, Nagpur.

Godrej Properties signs development agreement with Jet Airways Godrej Properties through its wholly owned subsidiary Godrej Buildcon has signed a development agreement with Jet Airways (India) for development of MMRDA leasehold land admeasuring 10309.58 sq. meters, situated at G-Block, Bandra-Kurla Complex, Bandra, Mumbai, subject to conditions mentioned therein.

Godrej Properties launches its second residential project Godrej Properties has launched its second residential project Godrej Crest located at Airport Road, Hebbal, Bengaluru.

Godrej Properties recommends final dividend Of 45% The board of Godrej Properties in its meeting on 07 May 2011 has recommended final dividend at the rate of Rs 4.50 per share (45%) for the year ended 31 March 2011.

Godrej Properties signs development agreement with Capsulation Services Godrej Properties has signed a development agreement with Capsulation Services to develop a plot of land admeasuring approximately 5895 square metres located at Deonar near Chembur in Mumbai as a residential project.

Godrej Properties to announce financial results Board meeting on 07 May 2011 The board meeting of Godrej Properties will be held on 07 May 2011 to consider and approve the audited financial results for the year ended 31 March 2011 and to consider payment of dividend, if any.

Godrej Properties` board approves Employees Stock Grant Scheme 2011 The board of Godrej Properties on 31 January 2011 has approved the Godrej Properties Employees Stock Grant Scheme 2011 (GPL ESGS), subject to approval of the shareholders of the company. Under the above mentioned GPL ESGS, the company proposes to create and issue upto 3 lakh equity shares of face value of Rs 10 each for granting options to its eligible employees.

Godrej Properties to announce Q3 results Board meeting on 14 January 2011 The board meeting of Godrej Properties will be held on 14 January 2011 to consider the unaudited financial results of the company for the quarter and nine months ended 31 December 2010 (Q3).

Godrej Properties to announce Q2 results Board meeting on 16 October 2010 The board meeting of Godrej Properties will be held on 16 October 2010 to consider the unaudited financial results of the company for the quarter and half year ended 30 September 2010 (Q2).

Godrej Properties signs development agreement with Bombay Footwear Godrej Properties has signed a development agreement with Bombay Footwear to develop a plot of land admeasuring 5442.10 square metres located at Village Deonar, Chembur, Mumbai.

Godrej Properties among India's top 10 Builders Godrej Properties has been selected as amongst India's top 10 Builders at the Construction World Architect and Builder Award ceremony held in Mumbai on 20 August 2010.

Godrej Properties signs development agreement For development of property at Gurgaon Godrej Properties has signed a development agreement with Frontier Home Developers and others to develop approximately 9 acres of land for a residential project located at village Naurangpur, District Gurgaon in Residential Sector 80 of the Gurgaon - Manesar Urban Complex, Gurgaon, Haryana.