Godrej Properties
Godrej Properties Ltd (GPL) has planned to invest more than USD 1 billion over the next couple of years to acquire and develop new projects as part of its target to achieve higher growth, informed Executive Chairman, Pirojsha Godrej. Godrej Properties has become India’s largest developer by the value and volume of sales it achieved. It sold 9,345 homes at an average of over 25 homes per day. The company’s sales bookings shot up 14 per cent to ₹6,725 crore last fiscal despite adverse impact of the Covid pandemic, surpassing nearly ₹6,000 crore clocked by Macrotech Developers. Pirojsha informed that the company is committed to two medium-term goals of consistently being among the leading developers by the value of housing sales in each of its focus markets and achieving a Return on Equity (RoE) of over 20 per cent.