Godrej Properties
Indian real estate developer
From Wikipedia, the free encyclopedia
Godrej Properties Limited is an Indian real estate company headquartered in Mumbai.[5] A subsidiary of Godrej Industries Group, it operates in the residential, commercial, and township development sectors across major Indian cities.[6] The company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).[7]
 | |
| Type | Public |
|---|---|
| Industry | Real estate |
| Founded | 1 January 1990 |
| Founder | Adi Godrej |
| Headquarters | Mumbai , India |
Number of locations | 12 |
Area served | India |
Key people | Adi Godrej (Chairman, Godrej Group), Gaurav Pandey (Managing Director & CEO) |
| Products | Residential buildings, Commercial complex, Township; |
| Revenue |  ₹3,036 crore (US$320 million) (2024)[1] |
| ₹973 crore (US$100 million) (2024)[1] | |
| ₹719 crore (US$75 million) (2024)[1] | |
| Total assets | ₹35,734 crore (US$3.7 billion) (2024)[2] |
| Total equity | ₹9,992 crore (US$1.0 billion) (2024)[3] |
Number of employees | 2000+ (as of 2019)[4] |
| Parent | Godrej Industries Group |
| Website | www |
History
Godrej Properties was established in 1990 as the real estate development arm of the Godrej Group, a diversified Indian conglomerate founded in 1897.[8]
In 2010, the company went public following an initial public offering that raised approximately US$100 million.[9] 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 Group in 2004.[10][11]
Over the years, the company has developed residential, commercial, and township projects across multiple cities in India, including the Mumbai Metropolitan Region and Pune.[5]
In 2025, the company acquired approximately 75 acres of land in Nagpur for the development of a plotted township project.[12] In 2026, it acquired an 8.5-acre land parcel in Mahalunge, Pune, through an outright purchase.[13]
Operations
The company operates in 12 cities across India, including the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, and Hyderabad.[11]
In 2025, GPL reported sales bookings of ₹34,171 crore.[14] In February 2026, the company announced a joint development agreement for an 18-acre land parcel in Thane, within the Mumbai Metropolitan Region (MMR).[15]
Capital raising
In June 2018, GPL raised ₹1,000 crore through a private placement,[16] 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.[11]
In December 2024, the company raised ₹6,000 crore through a further QIP.[17]
Projects
- Godrej BKC, Mumbai
- Planet Godrej, Mahalaxmi, Mumbai
- Godrej Garden City, Ahmedabad[18][19]
- Godrej City, Panvel, Maharashtra[20]
- The Trees, Mumbai[21]
