About Godrej Properties Ltd

Established in 1990, Godrej Properties is India’s largest developer by number of homes sold in FY23. Company has delivered ~41 million sq. ft. of real estate since FY18. It has ~215 million sq. ft. of saleable area across India and works on an asset-light business model. The company has bagged ~400 awards in the last 5 years. Access to Land Holdings of Godrej The company is part of Godrej Group, a multinational conglomerate with a diversified presence across many industries. It has access to large land banks of the group entities and has entered into agreements with various group companies to develop land. Place - Saleable Area - No. of Projects As of Q3FY24, the company has ~215 msqft as a total developable area. It has 99 projects in its portfolio. The details are as follows: 1 Chandigarh - Area: 0.5 msqft, Projects : 1 2 NCR - Area: 39.4 msqft, Projects : 25 3 Kolkata - Area: 8.2 msqft, Projects : 4 4 Ahmedabad - Area: 23.4 msqft, Projects : 1 5 Mumbai - Area: 48.6 msqft, Projects : 29 6 Nagpur - Area: 3.7 msqft, Projects : 2 7 Pune - Area: 51.1 msqft, Projects : 16 8 Bengaluru - Area: 32.6 msqft, Projects : 17 9 Chennai - Area: 5 msqft, Projects : 3 10 Kochi - Area: 2.2 msqft, Projects : 1 Market Share Co. has significantly increased its market share in the real estate market of NCR from 2% in FY15 to 7.7% in FY21. It increased its market share in Bangalore from 0.8% to 5% in the same time frame and it increased its market share in Pune from 1% to 4.3%. Its share in MMR has also seen a rise from 0.9% to 1.4% but overall the market share in MMR remains comparatively low.