17 Feb 2025
Between Apr-Dec 2024, it added 12 land parcels covering 169 lakh square feet and worth ₹23,450 crore across Delhi-NCR, Mumbai, Hyderabad, Bengaluru, and Pune.
In 2024, Godrej Properties sold properties worth ₹28,800 crore and emerged as the biggest listed real estate company in 2024 vis-à-vis sales bookings. It had sold properties worth ₹22,527 crore in 2023-24.
It now intends to hit the ₹30,000 crore sales mark in FY2025, breaking through the company’s target of ₹27,000 crore sales bookings this fiscal.
In November 2024, it acquired a 53-acre land in Joka, Kolkata. It has a potential 1.3 million square feet of saleable area and a projected revenue potential of ₹500 crore.
The Indian real estate sector raised ₹22,230 crore from Qualified Institutional Placement (QIP) last year, accounting for 16% of the total QIPs issued in the year, the highest for any sector. Godrej was the top fundraiser, raising ₹6,000 crore in the December quarter, followed by Prestige (₹5,000 crore).
QIPs allow listed companies to quickly raise funds from institutional investors instead of an IPO.
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