Godrej Properties, a Leading Indian Real Estate Developer, Intends to Invest Rs. 7,500 Crore Over The Next Few Years

Godrej Properties, one of India's largest real estate developers, expects to invest around Rs 7,500 crore over the next 12-18 months in the purchase and development of new real estate projects. Godrej Properties will concentrate on the residential and commercial real estate divisions, with a particular emphasis on the four key real estate markets of the Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Bengaluru, and Pune. 

The Indian real estate and commercial powerhouse has been creating real estate developments around the country, but particularly in these places.

Godrej Properties intends to invest around Rs 7,500 crores over the next one to two years in the construction of new real estate projects in India, with a combination of equity and loan financing.

Godrej Properties, the largest publicly traded real estate company in terms of sales bookings in the past fiscal year, acquires new projects through outright acquisition of land parcels and also through collaborative ventures with land owners.

Apparently the real estate development company acquired three real estate projects during the third quarter of current fiscal year and has a robust pipeline.

The Godrej properties team professed confidence in the fact that the fourth quarter should be fruitful for them in terms of sales bookings and new project acquisitions, and that they were expected to finalise a number of real estate agreements this quarter.