Vilianaizi at 07:18, 5 May 2026

2026-05-05T07:18:11Z

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{{short description|Indian real estate developer}}
{{Use Indian English|date=November 2018}}{{Use dmy dates|date=April 2025}}
{{Infobox company
| name = Godrej Properties Limited
| logo = Godrej Properties.svg
| logo_size =
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|533150}}|{{NSE|GODREJPROP}}}}
| foundation = {{Start date|df=yes|1990|01|01}}
| founder = [[Adi Godrej]]
| location_city = Mumbai
| location_country = India
| locations = 12
| area_served = India
| key_people = [[Adi Godrej]] (Chairman, [[Godrej Group]]), Gaurav Pandey (Managing Director & CEO)
| industry = Real estate
| products = Residential buildings, Commercial complex, Township;
| revenue = {{profit}} {{INRConvert|3036|c}} (2024)<ref name="fy23"/>
| operating_income = {{increase}}{{INRConvert|973|c}} (2024)<ref name="fy23"/>
| net_income = {{profit}} {{INRConvert|719|c}} (2024)<ref name="fy23">{{cite news |title=Godrej Properties posts 58% jump in Q4 net profit at Rs 412 crore |url=https://www.moneycontrol.com/news/business/earnings/godrej-properties-posts-58-jump-in-q4-net-profit-at-rs-412-crore-10521271.html |access-date=27 June 2023 |work=Moneycontrol |date=3 May 2023 |language=en}}</ref>
| aum = 
| assets = {{profit}} {{INRConvert| 35734|c}} (2024)<ref name=" Annual report 2016-17 ">{{cite news|title= Godrej Properties|work=Business Line|location=Chennai|access-date=5 June 2017|url=http://www.thehindubusinessline.com/companies/godrej-properties-posts-rs-63-cr-net-profit/article9680483.ece}}</ref>
| equity = {{up}} {{INRConvert|9992|c}} (2024)<ref name=" Annual report 16-17 ">{{cite news|title= Annual report 2016|url=https://economictimes.indiatimes.com/godrej-properties-ltd/yearly/companyid-5733.cms}}</ref>
| owner =
| num_employees = 2000+ (as of 2019)<ref name=" Annual report 10-11 ">{{cite news|title= Annual report 10-11 |publisher=Godrej Properties|accessdate=18 December 2017 |url=http://www.bseindia.com/bseplus/AnnualReport/533150/5331500311.pdf}}</ref>
| parent = [[Godrej Industries Group]]
| divisions =
| subsid =
| homepage = {{URL|https://www.godrejproperties.com/}}
| footnotes =
}}
'''Godrej Properties Limited''' is an Indian real estate company headquartered in Mumbai.<ref name=":0">{{Cite web |last=Khan |first=Arshad |date=2026-01-15 |title=Godrej Properties boasts top spot in India’s residential market for 2025 |url=https://www.newindianexpress.com/business/2026/Jan/15/godrej-properties-boasts-top-spot-in-indias-residential-market-for-2025 |access-date=2026-05-02 |website=The New Indian Express |language=en}}</ref> A subsidiary of [[Godrej Industries Group]], it operates in the residential, commercial, and township development sectors across major Indian cities.<ref>{{Cite news |last=Karmali |first=Naazneen |title=Pirojsha Godrej Builds On His Billionaire Family's Name |url=https://www.forbes.com/sites/naazneenkarmali/2012/08/29/pirojsha-godrej-builds-on-his-billionaire-familys-name/ |access-date=2026-05-02 |language=en|archive-url=http://web.archive.org/web/20260426200539/https://www.forbes.com/sites/naazneenkarmali/2012/08/29/pirojsha-godrej-builds-on-his-billionaire-familys-name/|archive-date=2026-04-26|work=Forbes}}</ref> The company is listed on the [[Bombay Stock Exchange]] (BSE) and the [[National Stock Exchange of India|National Stock Exchange]] (NSE).<ref>{{Cite news |last=Karmali |first=Naazneen |title=Pirojsha Godrej Builds On His Billionaire Family's Name |url=https://www.forbes.com/sites/naazneenkarmali/2012/08/29/pirojsha-godrej-builds-on-his-billionaire-familys-name/ |archive-url=http://web.archive.org/web/20260426200539/https://www.forbes.com/sites/naazneenkarmali/2012/08/29/pirojsha-godrej-builds-on-his-billionaire-familys-name/ |archive-date=2026-04-26 |access-date=2026-05-02 |work=Forbes |language=en}}</ref>

== History ==
Godrej Properties was established in 1990 as the real estate development arm of the [[Godrej Enterprises Group|Godrej Group]], a diversified Indian conglomerate founded in 1897.<ref>{{Cite web |date=27 February 2025 |title=Godrej Properties - Hem Securities Research (Analyst Report) |url=https://hemadmin.hemsecurities.com/images/Files/CompanyReports/1165P.pdf |website=Hem Securities Research}}</ref>

In 2010, the company went public following an [[initial public offering]] that raised approximately US$100 million.<ref>{{Cite news |last=Kumar |first=John Satish |date=2010-01-05 |title=Godrej Properties in Robust Debut; Boost for Sector - WSJ |url=https://www.wsj.com/articles/SB126266924947516147 |access-date=2026-05-02 |work=Wall Street Journal |language=en-US |issn=0099-9660}}</ref> Since 2012, the company has been led by Executive Chairman Pirojsha Adi Godrej, a fourth-generation member of the [[Godrej family]], who joined the [[Godrej Enterprises Group|Godrej Group]] in 2004.<ref>{{Cite web |last=Datta |first=Aveek |date=February 2, 2017 |title=Pirojsha Godrej takes over as Godrej Properties chairman |url=https://www.forbesindia.com/article/special/pirojsha-godrej-takes-over-as-godrej-properties-chairman/45731/1 |access-date=2026-05-02 |website=Forbes India |language=en}}</ref><ref name=":22">{{Cite web |last=Nandy |first=Madhurima |date=2024-05-14 |title=How Pirojsha Godrej changed India’s real estate business {{!}} Company Business News |url=https://www.livemint.com/companies/news/how-pirojsha-godrej-changed-india-s-real-estate-business-11715681214765.html |access-date=2026-05-02 |website=mint |language=en}}</ref>

Over the years, the company has developed residential, commercial, and township projects across multiple cities in India, including the Mumbai Metropolitan Region and Pune.<ref name=":0" />

In 2025, the company acquired approximately 75 acres of land in [[Nagpur]] for the development of a plotted township project.<ref>{{Cite news |last=Mishra |first=Lalatendu |date=2025-11-21 |title=Godrej Properties buys 75 acres land in Nagpur for plotted township project |url=https://www.thehindu.com/business/Industry/godrej-properties-buys-75-acres-land-in-nagpur-for-plotted-township-project/article70306031.ece |access-date=2026-05-02 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref> In 2026, it acquired an 8.5-acre land parcel in [[Mahalunge]], Pune, through an outright purchase.<ref>{{Cite web |last=Kumar |first=Chitranjan |date=2026-01-30 |title=Godrej Properties acquires 8.5 acre Pune land with ₹2,000 crore revenue potential |url=https://www.fortuneindia.com/business-news/godrej-properties-acquires-85-acre-pune-land-with-2000-crore-revenue-potential/129909 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref>

== Operations ==
The company operates in 12 cities across India, including the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, and Hyderabad.<ref name=":22" />

In 2025, GPL reported sales bookings of ₹34,171 crore.<ref>{{Cite web |last= |first= |date=2026-01-15 |title=Godrej Properties retains top spot in Indian residential real estate market |url=https://www.thehindubusinessline.com/news/real-estate/godrej-properties-retains-top-spot-in-indian-residential-real-estate-market/article70512515.ece |access-date=2026-05-02 |website=BusinessLine |language=en}}</ref> In February 2026, the company announced a joint development agreement for an 18-acre land parcel in Thane, within the [[Mumbai Metropolitan Region]] (MMR).<ref>{{Cite web |last=R Thakkar |first=Mehul |date=2026-02-23 |title=Godrej Properties signs JDA for 18-acre Thane project with ₹7,500 crore revenue potential |url=https://www.hindustantimes.com/real-estate/godrej-properties-inks-jda-for-18-acres-of-land-in-thane-near-mumbai-with-revenue-potential-of-rs-7-500-crore-101771822752933.html |access-date=2026-05-02 |website=Hindustan Times |language=en}}</ref>

== Capital raising ==
In June 2018, GPL raised ₹1,000 crore through a private placement,<ref>{{Cite news |last=Babar |first=Kailash |date=2021-09-30 |title=Godrej Properties inks redevelopment pact for 7.5-acre project in Mumbai’s Wadala |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/godrej-properties-inks-redevelopment-pact-for-7-5-acre-project-in-mumbais-wadala/articleshow/86603964.cms?from=mdr |access-date=2026-05-02 |work=The Economic Times |issn=0013-0389}}</ref> followed by ₹2,100 crore through a [[Qualified institutional placement]] (QIP) in 2019 and ₹3,750 crore through another QIP to institutional in March 2021.<ref name=":22" />

In December 2024, the company raised ₹6,000 crore through a further QIP.<ref>{{Cite web |last=Bhutra |first=Sonal |last2=Fatakia |first2=Hormaz |date=2024-10-01 |title=Godrej Properties approves ₹6,000 crore fund raise through various methods - CNBC TV18 |url=https://www.cnbctv18.com/market/godrej-properties-share-price-6000-crore-fund-raise-qip-fpo-tranches-q1-net-debt-guidance-19485425.htm |access-date=2026-05-02 |website=CNBCTV18 |language=en}}</ref>

== Projects ==
* [[Godrej BKC]], Mumbai
* [[Planet Godrej]], Mahalaxmi, Mumbai
* Godrej Garden City, Ahmedabad
* Godrej MSR City, Bengaluru
* Godrej City, Panvel, Maharashtra
* Godrej Woodsman Estate, Bengaluru
* Godrej Prakriti, Kolkata

== Recognition ==
The company was included in the [[Fortune India 500]] rankings in 2012, 2014, 2015, 2016,<ref>{{Cite web |title=Fortune India 500 2012: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2012 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref><ref>{{Cite web |title=Fortune India 500 2014: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2014 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref><ref>{{Cite web |title=Fortune India 500 2015: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2015 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref><ref>{{Cite web |title=Fortune India 500 2016: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2016 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref> and consecutively from 2020 to 2024.<ref>{{Cite web |title=Fortune India 500 2020: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2020 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref><ref>{{Cite web |title=Fortune India 500 2021: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2021 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref><ref>{{Cite web |title=Fortune India 500 2022: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2022 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref><ref>{{Cite web |title=Fortune India 500 2023: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2023 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref><ref>{{Cite web |title=Fortune India 500 2024: This Year's Top Performing Companies |url=https://www.fortuneindia.com/rankings/fortune-500/2024 |access-date=2026-05-02 |website=Fortune India |language=en}}</ref>

In 2025, the company was ranked among the developers in the GROHE-Hurun India Real Estate 150 report by total area developed.<ref>{{Cite web |date=2025-08-01 |title=DLF’s Rajiv Singh Tops 2025 Grohe-Hurun India Real Estate Rich List, Followed by Lodha, Adani Families |url=https://therealtytoday.com/news/trending/dlfs-rajiv-singh-tops-2025-grohe-hurun-india-real-estate-rich-list-followed-by-lodha-adani-families/ |access-date=2026-05-02 |website=The Realty Today |language=en-US}}</ref>

==References==
{{reflist}}

== External links ==
* {{Official website|https://www.godrejproperties.com/}}

{{commons category}}
{{Godrej Group}}
{{Nifty 200 companies}}

[[Category:Real estate and property developers]]
[[Category:Real estate companies of India]]
[[Category:Real estate companies based in Mumbai]]
[[Category:Godrej Group]]
[[Category:Indian companies established in 1990]]
[[Category:1990 establishments in Maharashtra]]
[[Category:Real estate companies established in 1990]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

{{India-company-stub}}

Godrej Properties - Revision history

Vilianaizi at 07:18, 5 May 2026