Tag Archives: Godrej

Godrej Properties adds a new project in Gurgaon

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India real estate news, Indian realty news, Indian property news, Godrej, Track2Media, Track2Realty, Track2InfraTrack2Realty: Godrej Properties has added a new project in Sector 79, Gurgaon to its development portfolio. The land parcel measures 17.4 acres and the project will be developed as a premium residential housing project. The expected saleable area in the project is .15 million square meters (1.6 million sq. ft.).

This project is strategically located in Sector 79 in Gurgaon, at the foothills of the Aravalis. The upcoming project will have great connectivity through National Highway-8 and proposed Southern Periphery Road. This will be GPL’s fifth project in NCR.

Pirojsha Godrej, Managing Director & CEO, Godrej Properties, said, “We are happy to add this new project in Gurgaon through our residential investment platform.  This project fits well with our strategy of building our presence through projects in superior locations across the country.”

The project will be developed by Godrej Properties through the residential investment platform that Godrej Properties established in FY13.  This is the third project added through this platform.

Realty business may become group’s biggest venture in 10 years: Godrej

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Adi Godrej, Chairman, Godrej, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2RealtyTrack2Realty-Agencies: India’s diversified group Godrej says its fast growing realty estate business could become the biggest venture for the conglomerate in the next 10 years.

“The real estate business is growing much faster than our other businesses. In next 10 years, it will be one of our bigger businesses. Its possible it might become the biggest business,” Godrej Group Chairman Adi Godrej told PTI in Johanesburg.

Godrej Properties, the realty arm of Godrej Group, follows a joint venture model with land owners for development of the real estate projects, he added.

Godrej Group has interests in various businesses, including real estate, FMCG, industrial engineering, appliances, furniture, security and agri care.

Established in 1897, the group posted an annual revenue of nearly Rs 22,000 crore in 2012-13 fiscal. Godrej Properties’ total income grew by 28 per cent to Rs 1,048 crore last fiscal.

“In our group, we have our growth projection in what we called 10 by 10. The group should be 10 times in 10 years. This we enunciated about three years ago. To be 10 times in 10 years, you need to have a compounded annual growth rate of 26 per cent,” he said.

“In the last three years we have grown at around 30 per cent. So we are on track. This year we may grow a little less because economically things are not the best. But overall we expect 10 by 10. Our chemical business is growing little slower,” Godrej said.

When asked about its real estate business in India, Godrej said the company has about 35 projects in 12 different cities.

“Last financial year we added eight new projects and this year also we added some,” he said.

Godrej Properties has presence in cities like Chandigarh, Kochi, Mangalore, Nagpur, Mumbai, Delhi, Kolkata and Chennai.

Godrej also favoured the real estate regulation bill provided it does not hamper growth of the sector.

“…regulation in some ways is good because it brings some discipline in an industry but regulation is bad if it tries to over control things…I have not got chance to study in details, it is still being looked into but so long as it doesn’t interfere with initiative and growth, I think it may not be a bad idea,” Godrej said.

Asked about some developers being not comfortable with the proposed law, he said, “There are some issues that I am sure will be taken up”.

Godrej Properties launches Godrej Gold County in Bengaluru

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India real estate news, Indian realty news, Indian property news, Godrej, Track2Media, Track2Realty, Track2InfraTrack2Realty: Godrej Properties has launched residential villa project, Godrej Gold County, at Tumkur Road, Bengaluru.  Spread over approximately 12 acres, this project will comprise of 87 villas built over a total saleable area of 2.8 lac sq. ft.  Customers can choose from 4 types of contemporarily designed villas ranging in size from 3,303 sq. ft. to 4,113 sq. ft., at prices starting from Rs. 2 crores.

The Tumkur Road location is in close proximity to Nelamangala-Bangalore Expressway. Hesaraghatta Cross metro station is located near the project and location is connected to all parts of the city.

The project offers a variety of amenities including a modern clubhouse, a well-equipped gymnasium, a swimming pool, a health club and a cafeteria. Sports facilities include a tennis court, an indoor squash court, a table tennis and snooker room. A meeting room and a party hall are also provided in the project. Most importantly, almost 1.5 acres of the project will be dedicated to a well manicured central park, which will greatly enhance the quality of life at Godrej Gold County.

Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are very happy to launch Godrej Gold County in Bengaluru. The project will offer a world class lifestyle to its residents and will adhere to the highest standards of quality in all aspects. This is our fourth project in Bengaluru, which is a very important market for Godrej Properties.”

Godrej Gold County is designed on the principles of sustainability. The project will use eco-friendly materials and will integrate environment-sensitive passive architectural solutions to minimize the carbon emission associated with the development. Features like an electric car charging facility with every villa, rainwater harvesting, solar heating, low VOC paints, large glazed windows for natural light and enhanced ventilation and water efficient fixtures will be incorporated in the project design.

Godrej Gold County is a joint development project, which Godrej Properties is developing in partnership with Fardeen Khan and Laila Khan.