Godrej News

Omkar Realtors to sell 2 million sq ft office complex for over Rs 3,000 crore

NEW DELHI: Omkar Realtors is in talks with real estate investment firms to sell its ongoing office complex project in Mumbai for over Rs 3,000 crore as part of its strategy to monetise commercial assets, a senior company official said on Friday. The company has already sold a shopping complex, comprising one million sq ft area, to Virtuous Retail, which is the retail arm of investment firm Xander. The...

Godrej Properties cuts net debt by 19% in FY18 to Rs 2,846 crore

Realty firm Godrej PropertiesNSE -2.65 % has cut its net debt by around Rs 650 crore during last fiscal on the back of strong sales bookings and also brought down average borrowing cost by one percentage point. According to an investors presentation, the net debt of Mumbai-based real estate developer has come down to Rs 2,846 crore as on March 31, 2018, from Rs 3,499 at the start of the last fiscal. The...

Godrej Properties Announced Three New Projects Including NCR

Godrej Properties Ltd., One of India’s leading real estate developers announced the addition of three new projects, two in Bangalore and one in Noida. GPL has entered into a joint venture with Sai Srushti Group to develop a 100 acres land parcel on NH-648 near Devanahalli Town in North Bangalore. NH-648 is a major highway connecting all primary markets of Bangalore from West to South. This shall...

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