GODREJ PROPERTIES

  GODREJ PROPERTIES 

GODREJ PROPERTIES 

Godrej Properties Ltd having a place with the Godrej Group is one of the main land improvement organizations in India. The organization is centered around creating private business retail and IT projects across urban areas like Mumbai Pune Bangalore Kolkata and Hyderabad. Their business centers around private municipalities business buildings office spaces business focuses IT Parks and innovation parks. The organization is the auxiliary of Godrej Industries Ltd.

The organization is a completely incorporated land improvement organization associated with all exercises related with the advancement of private and business land. They embrace their activities through their in-house group of experts and by joining forces with organizations with homegrown and worldwide tasks. Godrej Properties is presently creating private business and municipality projects spread across roughly 14 million square meters (151 million square feet) in 12 cities.Godrej Properties Ltd was set up in the year 1990 as a land improvement organization inside the Godrej Group business. The organization was initially consolidated on February 8 1985 as Sea Breeze Constructions and Investments Pvt Ltd. In the year 1990 the name of the organization was changed to Godrej Properties and Investments Pvt Ltd.

 

In the year 1991 the organization changed their status to a public restricted organization. In May 1991 the organization went into their first undertaking to be specific Godrej Edenwoods at Thane in Mumbai. At first the organization amassed their tasks in the Mumbai Metropolitan area and later they extended to different urban areas like Pune Bengaluru Kolkata Hyderabad Ahmedabad Mangalore Chandigarh Chennai and Kochi. In the year 1994 they finished their first private structure to be specific Cypress a piece of Godrej Edenwoods.In the year 1996 the organization was granted ISO 9002: 1994 confirmation by Bureau Veritas Quality International. In the year 1997 they finished their first business project to be specific MGSM at Bandra in Mumbai. In the year 1999 they dispatched their first task in Pune in particular Godrej Millennium.In the year 2004 the organization dispatched Godrej Woodsman Estate in Bangalore. 

In January 22 2004 the organization went into a joint advancement concurrence with Amco Batteries Ltd for improvement of land admeasuring 20.1 sections of land situated at Hebbal Village in Bengaluru. The organization changed their name from Godrej Properties and Investments Pvt Ltd to Godrej Properties Ltd with impact from November 23 2004. 

In the year 2005 they executed arrangement for the principal project in Kolkata in particular Godrej Waterside. In the year 2006 they made a tie up with Rallis India Ltd for their first undertaking in Hyderabad. During the year 2005-06 the organization procured two private restricted organizations to be specific Godrej Waterside Properties Pvt Ltd and Godrej Realty Pvt Ltd. During the year 2006-07 they shaped three new private restricted organizations to be specific Godrej Real Estate Pvt Ltd Godrej Developers Pvt Ltd and Godrej Sea View Properties Pvt Ltd. During the year 2007-08 the organization assumed control over another organization in particular Happy Highrises Ltd with impact from July 18 2007. Additionally they gained 26.7 sections of land of land at B. T. Street Kolkata. In December 18 2007 the organization went into a joint advancement concurrence 

with Esskay Properties and Investments Ltd for improvement of land admeasuring 9.18 sections of land situated at Nagarur Village Bengaluru.In February 15 2008 the organization went into a joint advancement concurrence with TCM Ltd for improvement of land admeasuring 21.66 sections of land situated at Trikkakara North Village Ernakulam District. In February 22 2008 they went into a MoU with Addison and Company Ltd Chennai for the improvement of land admeasuring 17.397 sections of land situated at Chembarambakkam Village Chennai into 

IT business and private buildings.During the year 2008-09 the organization marked a MOU with the Ahmedabad Municipal Corporation for the advancement of an uncommon municipality project at town Jagatpur Gujarat. Likewise they additionally consented to an arrangement for advancement of a coordinated municipality at Kalyan a suburb of Mumbai Metropolitan region.During the year the organization got the 'Corporate Governance of the Year' grant in the 23rd Annual Awards for Excellence in Real Estate for the year 2008 held 

 Accomodation Times.During the year the organization sold their whole stake in Girikandra Holiday Homes and Resorts Ltd to Valuable Infrastructure Pvt Ltd for a measure of Rs 19.61 crores. Likewise they weakened their stake in Godrej Developers Pvt Ltd by moving 15968 value portions of Rs 10 each to Red Fort India Real Estate Babur at a higher cost than normal of Rs 12841.86 per value share. In July 11 2008 they framed another completely possessed auxiliary to be specific Godrej Estate Developers Pvt Ltd.In the year 2009 the organization made a tie up with the Clinton Climate Initiative for their Godrej Garden City project in Ahmedabad. 

They executed a MoU with Godrej Industries Ltd to create one of their approaching ventures in Vikhroli Mumbai. During the year 2009-10 the organization entered the capital market with the underlying public offer (IPO) of 9429750 value portions of Rs 10 each. The offers were recorded on the Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd on January 5 2010.During the year the organization effectively finished a few undertakings most strikingly the first Phase of Godrej Waterside - business project in Kolkata Godrej Woodsman Estate - a private task in Bengaluru and Godrej Coliseum in Mumbai.They dispatched mid-pay private ventures in Ahmedabad and Kolkata. The Company started activities in Chandigarh Chennai and Mangalore.During the year the organization marked MOU for improvement of undertaking at Pune. They additionally marked a MOU with Godrej Industries Ltd and Godrej and Boyce Mfg.

 Organization Limited for undertaking the improvement of a 36.5 sections of land project at Vikhroli Mumbai.During the year HDFC PMS a land private value store put 49% each in auxiliaries Godrej Estate Developers Pvt Ltd and Godrej Sea View Properties Pvt Ltd foradvancement of a business

 project Godrej Eternia in Chandigarh and a private venture Godrej Palm Grove in Chennai individually. In Godrej Sea View Properties Pvt Ltd 22.27% of the value share capital out of 49% was moved before March 31 2010. Likewise Milestone Real Estate Fund put 49% in Happy Highrises Ltd an auxiliary for improvement of Godrej Prakriti a blend use project in Kolkata.During the year 2010-11 the organization effectively finished a few private ventures in Mumbai most quite Godrej Riverside in Kalyan Godrej Edenwoods in thane and Tower 5 of Planet Godrej in Mahalaxmi. 

They entered the NCR area with the dispatch of their private undertaking Godrej Frontier in Gurgaon in October 2010. They likewise dispatched new private ventures in Bengaluru and Mangalore. The organization additionally dispatched Godrej Eternia and Godrej Genesis - business projects in Chandigarh and Kolkata respectively.In May 2010 the organization moved 26.73% of the value share capital of Godrej ocean View Properties Pvt Ltd to HDFc PMs in May 2010 and another 0.9% of the value share capital through advantageous/alteration arrangements in December 2010. The organization additionally procured the whole settled up share capital of Udhay GK Realty Pvt Ltd from HDFc Ventures Trustee Company Ltd in March 2011. 

In May 2011 the organization consented to an improvement arrangement with Capsulation Services Pvt Ltd to build up a plot of land admeasuring roughly 5895 square meters situated at Deonar close to Chembur in Mumbai as a private task. In August 2011 the organization through their entirely possessed auxiliary Godrej Buildcon Pvt Ltd consented to an improvement arrangement with Jet Airways (India) Ltd for advancement of MMRDA leasehold land admeasuring 10309.58 sq. mtrs arranged at G-Block Bandra-Kurla Complex Bandra Mumbai.

 In October 2011 the organization made a tie up with Universal Builders wherein GPL will go about as the improvement supervisor for growing around 0.4 million square feet of private estates spread over 14.5 sections of land at Electronic City Bengaluru.In 2012 the organization has gone into a Development Management Agreement with R.R. Manufacturers to redevelop a MHADA property in Byculla Mumbai through its completely claimed auxiliary Godrej Projects Development Private Limited (GPDPL). The organization likewise finished the offer of first period of its private task situated in Gurgaon named as Godrej Summit during the year.In 2013 the organization adds an enormous new venture in Mumbai and in NCR. The organization likewise adds another undertaking at an ideal place in New Delhi. 

The organization declares another redevelopment project in Malad Mumbai. The organization enters new joint endeavor project in Pune. The organization dispatches Affordable Housing in Ahmedabad. During the year the organization endorsed the plan of combination of two of its auxiliaries Godrej Developers Private Ltd with Godrej Projects Development Private Ltd. During the year the organization dispatches Townhomes in Bengaluru and furthermore Godrej Oasis in Gurgaon. The organization additionally procured portions of Godrej Buildwell Private Limited (GBPL) by Godrej Projects Development Pvt Ltd. The organization additionally inked concurrence with Godrej and Boyce to build up another venture on the Eastern Express Highway Vikhroli Mumbai.

In 2015 the organization tied up with Snapdeal. During the year the organization additionally declared a municipality project in Pune. The organization additionally added a huge new private task in Kolkata to its portfolio. The organization dispatches another venture in Mumbai and furthermore dispatches Godrej Prana project in Pune.On 30 September 2015 Godrej Properties reported that it has sold 435000 sq. ft. of saleable territory at its business project Godrej BKC in Bandra-Kurla Complex (BKC) Mumbai. On 26 November 2015 Godrej Properties declared the dispatch of its lead project The Trees at Vikhroli in Mumbai. With a territory of 34 sections of land this is one of the biggest land projects in Mumbai and is the initial move towards the more noteworthy advancement opportu