The Godrej family has agreed to a six-year non-compete clause, except for real estate, following a split. Brand rights have been divided among family members.
MahaRERA directed Godrej Properties to refund a homebuyer after cancellation exceeding the 2% permissible deduction as per RERA guidelines, setting a precedent for similar cases.
Godrej Sunrise Estate, Godrej Properties’ first planned development in Chennai, offers residential plots ranging from 600 to 2400 sq ft, surrounded by greenery near Oragadam.
Godrej Properties, based in Mumbai, has reduced its net debt by 24% to Rs 1,470 crore in the second quarter, leveraging funds from a rights issue.
Godrej Properties plans to raise ₹700 Cr through a rights issue to fund new and ongoing projects across key Indian cities. The company aims for growth despite previous market sluggishness.
Godrej Properties experienced its worst quarterly performance since 2010, reporting a drop in profit and subdued sales, but management remains optimistic about future growth.
Godrej Properties stock has thrived despite market downturn, benefiting from strong brand equity and low capital-intensive model.
Godrej Group plans to release a prime 35-acre parcel in Vikhroli by year-end, making it one of the largest unencumbered realty releases in recent years.