Godrej Properties announced that it has emerged as the highest bidder and has secured the Letter of Intent to develop a group housing plot at Golf Course Road in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot, measuring 7.5 acres is located in the prestigious Golf Course Road micro-market and will offer a development potential of over 1.7 million square feet, comprising of luxury residential apartments of varied configurations, with an estimated revenue potential in excess of Rs 5,500 crore. In FY24, GPL acquired two prime parcels measuring 5.15 acres and 2.76 acres in the Golf Course Road micro-market from HSVP through auction and plans to launch both these projects in the current financial year. The estimated revenue potential of GPL`s developable land on Golf Course Road in Gurgaon is in excess of USD 1.5 billion. Powered by Capital Market - Live News

Net profit of Godrej Properties rose 401.81% to Rs 335.21 crore in the quarter ended September 2024 as against Rs 66.80 crore during the previous quarter ended September 2023. Sales rose 218.73% to Rs 1093.23 crore in the quarter ended September 2024 as against Rs 343.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1093.23343.00 219 OPM %2.63-27.78 - PBDT237.51118.81 100 PBT219.25111.42 97 NP335.2166.80 402 Powered by Capital Market - Live News

Godrej Properties announced that it has acquired ~3 acres of land in Vastrapur, Ahmedabad. The development on this land is estimated to have a potential of ~0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of Rs 1,300 crore. This acquisition is in line with GPL`s strategy of developing high-quality residential projects across India`s leading real estate markets. This land parcel is strategically located in Vastrapur, a premium residential locality in West Ahmedabad offering good social infrastructure and excellent connectivity to key areas of the city. The area is wellserved by top schools and healthcare facilities. Renowned landmarks, including IIM Ahmedabad, Vastrapur Lake Garden, Sabarmati Riverfront Project, and Nexus Ahmedabad One Mall, further enhance its appeal. Additionally, Vastrapur`s proximity to business hubs like Navratna Business Park and Pinnacle Business Park makes it a prime location for residents seeking convenience, modern living, and accessibility. Powered by Capital Market - Live News

Godrej Properties announced that it has emerged as the highest bidder to develop a group housing project at a premium location in Sector 5-A, Kharghar according to e-auction portal of City and Industrial Development Corporation of Maharashtra (CIDCO). The plots, measuring 6.54 acres, will offer a development potential of ~ 2 million square feet, comprising premium residential apartments of varied configurations, with an estimated combined revenue potential of ~ Rs 3,500 crore. Sector 5-A, Kharghar, enjoys excellent connectivity with key transport hubs, including Kharghar & CBD Belapur Railway Stations, metro connectivity as well as the Sion-Panvel Expressway. The area is in proximity to Kharghar residential node and boasts of a well-developed social infrastructure with healthcare facilities and educational institutions. This development will enjoy excellent views of the Kharghar hills.Powered by Capital Market - Live News

Godrej Properties will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live News