Builder Profile

Godrej Properties

Delivered:
first LEED Platinum Rated Building

In 2010, Godrej Properties committed that each of its projects would be certified green buildings

About the Builder

One of the most prestigious and trustworthy names in the Industry, Godrej Group is a reflection of constant growth. Established in 1897, Godrej has set a benchmark in every sphere. Be it in their flagship domain of home appliance or any of their other many ventures, Godrej has proven itself with consistent successes.  Their portfolio encompasses an impressive range including fast-moving consumer goods, advanced engineering, furniture, security, agri-care and of course, real estate.

The real estate division called Godrej Properties was established in 1990 by Adi Godrej and has its headquarters in Mumbai. From introducing innovative techniques to coming up with exquisite interiors, Godrej has come with an exquisite way for the customers to enjoy luxury and elegance.

With its customer-first approach, Godrej strategically plans its projects keeping you in mind. Proximity to essentials like hospitals, schools, and marketplaces, connectivity by metro, roads, and highways, emphasis on security and technology are just some of the things Godrej ensures in all its projects.

Projects by Godrej over the years have delivered many firsts in the Indian real estate market. Planet Godrej, a skyscraper in Mumbai, was India’s tallest occupied building when completed in 2008. It also illustrated the builder’s on customer safety and wellbeing by becoming the first project in the country to offer residents a fire escape chute. Its commercial office project, Godrej BKC, is the only LEED (Leadership in Energy and Environmental Design) Platinum-rated building in India’s leading commercial district, Bandra Kurla Complex, demonstrating its commitment to environmental sustainability. It is also the project where Godrej Properties broke the record for India’s highest ever commercial end-user sales transaction when a large multinational pharmaceutical company purchased space in this project for INR 1,479 crore in 2015. Their flagship project, The Trees, is one of India’s most sustainably planned mixed-use projects that is hoped will contribute to the evolution of urban design thinking in the country. Godrej Properties sold over INR 1,200 crore worth of space within six months of launching this project in 2015, making it one of the country’s most successful residential project launches.

With an impeccable delivery record, Godrej has launched several new projects in Delhi NCR. Global capital market and investment player CLSA said Godrej Properties is currently its preferred pick in the property sector. Godrej is presently focusing on four key cities — the National Capital Region (NCR), Pune, Mumbai, and Bengaluru. GPL has been able to consistently demonstrate its pricing power in key markets such as NCR in the past. The asset-light model of development (revenue or profit sharing model) has helped it maintain a robust position where other players have struggled.

Godrej has always impressed its customers with its keen sense of their need. Recently they pioneered the Godrej Air projects in Gurugram and Bangalore that promise 10 times purer indoor air. Now with its newly launched Godrej Nest, Godrej Nest Solitaire and Godrej Nurture in Sector 150 Noida, it is once again addressing unique requirements. With a focus on high-tech security, 24/7 concierge and essential services and child-centric solutions, these offer true luxury living experience with urban comforts for families of all sizes.

Pirojsha Godrej, Executive Chairman of Godrej Properties has confirmed that they have delivered about 1.7 million square feet across the four cities with both further bookings and execution looking strong. Stressing while recent shocks like the NBFC liquidity issue, demonetization, GST and RERA rollout have created short-term pressure and seen the market stagnation persist, many of these would be very good for the economy over the medium to long term. He predicts a strong rebound in the sector by 2020 and gearing towards developing attractive opportunities.

Godrej Properties have already set a benchmark in the real estate industry. There is no shying away from the fact that when it comes to world-class amenities and luxurious living, Godrej Properties is the answer. GPL is listed on the Bombay Stock Exchange (BSE) and The National Stock Exchange (NSE).

Awards and Accolades

Six Consecutive Years
“India’s Top 10 Builders”
Construction World Magazine
Four Consecutive Years
#1 Ranked Real Estate Developer
'India’s Best Companies to Work For’ survey conducted by ‘The Economic Times’
2018
India’s Top Builders
Construction World Architect and Builder (CWAB) AWARDS
2017
Best Developer of the Year
Construction Times Builders Award
2016-17
Developer of the Year
Golden Bricks Awards
2015
``Real Estate Company Of The Year``
Construction Week India Awards
2015
'Golden Peacock Award for Sustainability'
Institute Of Directors (IOD)
2014
``Most Reliable Builder for 2014``
CNBC AWAAZ Real Estate Awards
2014
``Innovation Leader in Real Estate``
NDTV Property Awards
2013
``Popular Choice - Developer of the Year``
ET NOW
2012
‘Best Residential Project' for Godrej Garden City, Ahemdabad
CNBC AWAAZ Real Estate Awards
for Godrej Garden City - Ahemdabad, Godrej Prakriti and Godrej Waterside - Kolkata
2011
‘Best Emerging National Developer’
Zee Business - RICS Real Estate Awards
Godrej Properties - BedRock Realty
Godrej Properties 1

Best Real Estate Builder/Developer in India

Editor's Rating:
5

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