Net profit of Godrej Properties rose 21.54% to Rs 66.80 crore in the quarter ended September 2023 as against Rs 54.96 crore during the previous quarter ended September 2022. Sales rose 107.77% to Rs 343.00 crore in the quarter ended September 2023 as against Rs 165.09 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales343.00165.09 108 OPM %-27.78-66.42 - PBDT118.8153.88 121 PBT111.4248.27 131 NP66.8054.96 22 Powered by Capital Market - Live News

Godrej Properties will hold a meeting of the Board of Directors of the Company on 2 November 2023.Powered by Capital Market - Live News

Godrej Properties�announced the opening of Taj The Trees at their flagship project and one of India`s most sustainably planned mixed-use developments - The Trees in Vikhroli, Mumbai. The hotel is entirely owned by Godrej Properties and will be managed by the Indian Hotel Companies� (IHCL) as a luxury Taj hotel. Spread across ~ 0.35 million sq. ft., Taj The Trees offers 151 spacious rooms; celebrated restaurants, Shamiana and Nonya; a rooftop bar, The Mangrove Bar; an infinity pool across the length of the building; generous conference facilities; and a signature spa. The hotel is IGBC Platinum certified and has been designed to offer generous views of the mangroves on one side and of the public art and sculpture park on the other. Vikhroli is an evolving micro market located in the eastern suburbs of Mumbai. Offering excellent social and civil infrastructure, it is strategically located along the Eastern Express Highway and offers connectivity to the north, south, and east of Mumbai city, and LBS Marg, which connects with the western suburbs of Mumbai. Additionally, it is in proximity to the Chhatrapati Shivaji Maharaj International Airport and the proposed Navi Mumbai International Airport.Powered by Capital Market - Live News

Godrej Properties announced that it has acquired ~109 acres land parcel in Nagpur. The development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of 2.2 million square feet. The land parcel is strategically located near Samrudhhi Mahamarg, (the expressway connecting the cities of Mumbai & Nagpur) and MIHAN SEZ and offers good connectivity to the Mumbai - Kolkata highway and Dr. Babasaheb Ambedkar International Airport, Nagpur. The location offers a well-developed social and municipal infrastructure, that includes hospitals, schools, retail, and entertainment venues.Powered by Capital Market - Live News

Godrej Properties announced that it has sold ~ 670 homes worth over Rs 2,000 crore in its project, Godrej Tropical Isle, located in Sector 146, Noida. This is Godrej Properties` most successful ever launch in terms of the value and volume of sales achieved. The project was launched in August 2023 within nine months of the purchase of land through an e-auction conducted by Noida Authority in November 2022.Sector 146 is a prominent upcoming residential corridor in Noida. It provides access to high-quality social infrastructure and is in close proximity to commercial infrastructure like - Noida SEZ, entertainment hubs, Film City, etc. The area provides good connectivity to Indira Gandhi International Airport and the upcoming Jewar Airport, as well as to the metro station and the three major expressways - Noida- Greater Noida Expressway, Yamuna Expressway, and the upcoming FNG Expressway.Powered by Capital Market - Live News