Godrej Properties is well known brand in the Indian real estate sector and the company has its headquarters in Vikhroli, Mumbai (Maharashtra).
Image: company website
The company was established as Sea Breeze Constructions and Investments Private Limited in 1985 which finally became a subsidiary of the Godrej Industries Limited in 1989. In the year 2004 the name was finally changed to Godrej Properties Limited, and Adi Godrej is the current Chairman of the Godrej Group.
The business strategy of the company is very well defined and includes risk management in land sourcing, outsourced support functions, superior execution, iconic buildings, leveraging brand and group association and diversified portfolio. The company operates in 12 cities in India – Mumbai, Pune, Gurugram, Chennai, Ahmedabad, Bengaluru, Kolkata, Mangalore, Kochi, Kolkata, Chandigarh and Hyderabad.
It currently has projects in residential, commercial and township areas that has area of approximately 119 million square feet. Some of the upcoming/current projects in the residential areas are Godrej Avenues, Godrej Eternity, Godrej United and Godrej Devanahalli. Some of the upcoming/current projects in commercial areas are Godrej One, Godrej Genesis, Godrej BKC and the Trees.
The company has performed very well in the last financial year despite weak conditions in the market. It achieved 88% YOY growth and with a book value of ₹5038 crores the company recorded its highest ever sales in the last financial year. Recently the company has entered into a partnership with AR Landcraft for developing 100 acre township project in Greater Noida.
Some of the recent accolades by the company include CIDC Vishwakarma Safety Award; the Achievement Award for Construction Health, Safety and Environment for the Godrej Garden City, Ahmedabad at the 8th CIDC Vishwakarma Awards; Silver Trophy for Construction Safety for Godrej Horizon awarded by PCERF at the Constro 2016.