Godrej Properties

BACKED BY STRONG LEADERSHIP

Godrej Properties Limited (GPL) is a leading player in India’s residential real estate market. In 1987, it became a part of the Godrej Group and in 1989 it became a subsidiary of Godrej Industries Limited, which holds 47.34 per cent of the company’s equity share capital as of March 31, 2024. The company operates in 11 cities and the majority of its revenue comes from four regions, namely, Delhi NCR, Mumbai Metropolitan Region (MMR), Bengaluru and Pune. GPL recorded the highest booking sales by a listed entity in FY24 of ₹22,527 crore. GPL operates with an asset-light business model, entering into agreements with landowners, developing projects, and earning a certain percentage of revenue generated from these projects, rather than directly acquiring land. In the latest FY24, GPL launched 26 new projects or phases across seven cities.