Godrej Properties

Godrej Properties Limited
TypePublic
IndustryReal estate
Founded1 January 1990 (1990-01-01)
FounderAdi Godrej
Headquarters
Mumbai
,
India
Number of locations
12
Area served
India
Key people
Adi Godrej (Chairman, Godrej Group),
Gaurav Pandey (Managing Director & CEO)
ProductsResidential 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]
ParentGodrej Industries Group
Websitewww.godrejproperties.com

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]

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
  • 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,[18][19][20][21] and consecutively from 2020 to 2024.[22][23][24][25][26]

In 2025, the company was ranked among the developers in the GROHE-Hurun India Real Estate 150 report by total area developed.[27]

References

  1. ^ a b c "Godrej Properties posts 58% jump in Q4 net profit at Rs 412 crore". Moneycontrol. 3 May 2023. Retrieved 27 June 2023.
  2. ^ "Godrej Properties". Business Line. Chennai. Retrieved 5 June 2017.
  3. ^ "Annual report 2016".
  4. ^ "Annual report 10-11" (PDF). Godrej Properties. Retrieved 18 December 2017.
  5. ^ a b Khan, Arshad (15 January 2026). "Godrej Properties boasts top spot in India's residential market for 2025". The New Indian Express. Retrieved 2 May 2026.
  6. ^ Karmali, Naazneen. "Pirojsha Godrej Builds On His Billionaire Family's Name". Forbes. Archived from the original on 26 April 2026. Retrieved 2 May 2026.
  7. ^ Karmali, Naazneen. "Pirojsha Godrej Builds On His Billionaire Family's Name". Forbes. Archived from the original on 26 April 2026. Retrieved 2 May 2026.
  8. ^ "Godrej Properties - Hem Securities Research (Analyst Report)" (PDF). Hem Securities Research. 27 February 2025.
  9. ^ Kumar, John Satish (5 January 2010). "Godrej Properties in Robust Debut; Boost for Sector - WSJ". Wall Street Journal. ISSN 0099-9660. Retrieved 2 May 2026.
  10. ^ Datta, Aveek (2 February 2017). "Pirojsha Godrej takes over as Godrej Properties chairman". Forbes India. Retrieved 2 May 2026.
  11. ^ a b c Nandy, Madhurima (14 May 2024). "How Pirojsha Godrej changed India's real estate business | Company Business News". mint. Retrieved 2 May 2026.
  12. ^ Mishra, Lalatendu (21 November 2025). "Godrej Properties buys 75 acres land in Nagpur for plotted township project". The Hindu. ISSN 0971-751X. Retrieved 2 May 2026.
  13. ^ Kumar, Chitranjan (30 January 2026). "Godrej Properties acquires 8.5 acre Pune land with ₹2,000 crore revenue potential". Fortune India. Retrieved 2 May 2026.
  14. ^ "Godrej Properties retains top spot in Indian residential real estate market". BusinessLine. 15 January 2026. Retrieved 2 May 2026.
  15. ^ R Thakkar, Mehul (23 February 2026). "Godrej Properties signs JDA for 18-acre Thane project with ₹7,500 crore revenue potential". Hindustan Times. Retrieved 2 May 2026.
  16. ^ Babar, Kailash (30 September 2021). "Godrej Properties inks redevelopment pact for 7.5-acre project in Mumbai's Wadala". The Economic Times. ISSN 0013-0389. Retrieved 2 May 2026.
  17. ^ Bhutra, Sonal; Fatakia, Hormaz (1 October 2024). "Godrej Properties approves ₹6,000 crore fund raise through various methods - CNBC TV18". CNBCTV18. Retrieved 2 May 2026.
  18. ^ "Fortune India 500 2012: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  19. ^ "Fortune India 500 2014: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  20. ^ "Fortune India 500 2015: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  21. ^ "Fortune India 500 2016: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  22. ^ "Fortune India 500 2020: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  23. ^ "Fortune India 500 2021: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  24. ^ "Fortune India 500 2022: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  25. ^ "Fortune India 500 2023: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  26. ^ "Fortune India 500 2024: This Year's Top Performing Companies". Fortune India. Retrieved 2 May 2026.
  27. ^ "DLF's Rajiv Singh Tops 2025 Grohe-Hurun India Real Estate Rich List, Followed by Lodha, Adani Families". The Realty Today. 1 August 2025. Retrieved 2 May 2026.
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