BSE:533150 | NSE:GODREJPROPEQ | 58888: | IND:Real Estate | ISIN code:INE484J01027 | SECT:Real Estate
The Company History page lists out the major events in chronological order for Godrej Properties Ltd.
|Company History - Godrej Properties Ltd.|
|Our Company was originally incorporated as Sea Breeze Constructions and
Investments Private Limited on February 8, 1985 by Mr. Mohan Khubchand
Thakur and Mrs. Desiree Mohan Thakur. In the year 1987, we became a
part of the Godrej group and in the year 1989 we became a subsidiary of
Godrej Industries Limited (erstwhile Godrej Soaps Limited).
We are a real estate development company based in Mumbai, Maharashtra
and have a presence in 10 cities in India. Currently, our business focuses on
residential, commercial and township developments. We are a fully integrated
real estate development company undertaking our projects through our in-house
team of professionals and by partnering with companies with domestic and
We signed up for our first project, "Godrej Edenwoods", in Thane, Mumbai in May 1991 and have since completed and delivered 23 projects aggregating approximately 5.13 million square feet in Mumbai, Pune and Bangalore. We initially concentrated our real estate business in the Mumbai Metropolitan region and later expanded our operations to include other cities such as Pune, Bangalore, Kolkata and Hyderabad. Recently, we have diversified into Ahmedabad, Mangalore, Chandigarh, Chennai and Kochi. Our current portfolio of 391.04 acres includes projects in 10 cities across India.
There have been no injunctions or restraining order against the Company.
Key Events and Milestones
Year Key Events, Milestones and Achievements
1989 Godrej Industries Limited (erstwhile Godrej Soaps Limited) forays into the real estate business
1991 Signed MoU for our first project in Thane - Godrej Edenwoods
1994 Completion of first residential building, Cypress (part of Godrej Edenwoods in Thane)
1996 Awarded the ISO 9002: 1994 certification by Bureau Veritas Quality International
1997 Completion of first commercial project at Bandra, Mumbai - MGSM
1999 Launch of first project in Pune - Godrej Millennium
2004 Godrej Woodsman Estate launched in Bangalore
2005 Executed agreement for the first project in Kolkata - Godrej Waterside
2006 Tied up with Rallis India Limited for first project in Hyderabad Planet Godrej received the Pinnacle Award by Zee for the best upcoming real estate project in India
2006 Planet Godrej received the ZEE Business Pinnacle Award for Best upcoming project
2007 Acquired 26.7 acres of land at B. T. Road, Kolkata Ranked among the top 10 construction companies in India by Construction World
2008 Expansion into several cities across India including Ahmedabad, Chandigarh, Kochi and Chennai.
2008 Ranked one of India’s Top 10 Builders by Construction World
2009 Implemented SAP across all projects
2009 Received award for Corporate Governance of the Year, 2008 from Accommodation Times
2009 Ranked 1st in the Construction & Real Estate category in India’s Best Companies to Work
For 2009 awarded by The Great Place to Work® Institute, India, in partnership with The Economic Times.
2009 Tied up with the Clinton Climate Initiative for our Godrej Garden City project in Ahmedabad.
2009 Executed memorandum of understanding with Godrej Industries Limited to develop one of our Forthcoming Projects in Vikhroli, Mumbai
2009 Ranked one of India’s Top 10 Builders by the Construction World Architect & Builder Awards, 2009
-Company has changed its name from Godrej Properties & Investments Ltd. to Godrej Properties Ltd. 2010
- Godrej Properties Ltd has informed BSE that the Company has been selected as amongst India's top 10 Builders at the Construction World Architect and Builder Award ceremony held in Mumbai on August 20, 2010.
- Godrej Properties Ltd has informed BSE that the Company is launching its residential project Godrej Avalon in Mangalore on August 28, 2010.
- Godrej Group's real estate arm, Godrej Properties Ltd. is likely to start the redevelopment of its land in South Mumbai by this quarter.
- Godrej Prop - Launched Residential Project in Gurgaon.
- Godrej Properties Ltd has informed BSE that the Company has assigned all the rights and obligations of the Company under the Development Agreement entered with Magic Info Solutions Private Limited & Others dated August 05, 2011, to its subsidiary Godrej Premium Builders Private Limited, for developing the project located at Village Gurgaon, District Gurgaon in Residential Sector 104 of the Gurgaon-Manesar Urban Complex, Haryana.
- Godrej Properties Ltd has informed BSE regarding a Press Release dated October 21, 2011 titled "Godrej Properties enters into an agreement for a new residential project in Bengaluru".
- Godrej Properties Ltd has informed BSE that the Company through its wholly owned subsidiary Godrej Buildcon Private Limited has signed a Development Agreement with JET AIRWAYS (INDIA) LIMITED for development of MMRDA leasehold land admeasuring 10309.58 sq. mtrs, situated at G-Block, Bandra-Kurla Complex, Bandra, Mumbai subject to conditions mentioned therein.
- Godrej Properties Ltd has informed BSE regarding a Press Release dated December 07, 2011, titled, "Godrej Properties Ltd signs MOU with ICICI Bank".
- Godrej Properties Limited (GPL), the real estate development arm of the Godrej Group, has said in its filing to Bombay Stock Exchange (BSE) that it has entered into a Development Management Agreement with R.R. Builders to redevelop a MHADA property in Byculla, Mumbai, through its wholly owned subsidiary Godrej Projects Development Private Limited (GPDPL).
- Godrej Group’s real estate development arm Godrej Properties Ltd today said that it has completed the sale of first phase of its residential project based in Gurgaon, named as Godrej Summit.
- Godrej Properties Ltd has informed BSE regarding a Press Release dated July 16, 2012 titled "Godrej Properties to develop a major township project in Panvel, Mumbai".
- Godrej Properties Ltd has informed BSE regarding a Press Release dated July 02, 2012, titled "Godrej Properties creates a Rs. 770 Crore residential development platform with an APG-led global investor consortium".
- Godrej Properties Ltd has informed BSE regarding a Press Release dated December 26, 2012 titled "Godrej Properties to be development manager for a new redevelopment project in Mumbai".
2013 -Godrej Properties adds a large new project in Mumbai. -Godrej Properties adds a new project in NCR. -Godrej Properties adds a new project at a prime location in New Delhi. -Godrej Properties announces a new redevelopment project in Malad, Mumbai. -Godrej Properties enters new joint venture project in Pune. -Godrej Properties increases the size of its Panvel project. -Godrej Properties launches Affordable Housing in Ahmedabad -Company has approved the scheme of amalgamation of two of its subsidiaries Godrej Developers Private Ltd with Godrej Projects Development Private Ltd. -Godrej Properties has announced Rights in the Ratio of 8:29 -Godrej Properties has splits its face value from Rs 10/- to 5/- 2014 -Godrej Properties launches Townhomes in Bengaluru. -Godrej Properties launches Godrej Oasis in Gurgaon. -Godrej Properties Lt d- Acquisition of shares of Godrej Buildwell Private Limited (GBPL) by Godrej Projects Development Pvt Ltd. -Godrej Properties inks agreement with Godrej & Boyce to develop a new project on the Eastern Express Highway, Vikhroli, Mumbai.
2015 -Godrej Properties ties up with Snapdeal -Godrej Properties announces a township project in Pune -ICRA assigns high-credit-quality rating to Godrej Properties -Godrej Properties adds a large new residential project in Kolkata to its portfolio -Godrej Properties launches a new project in Mumbai -Godrej Properties launches Godrej Prana project in Pune -Godrej Properties wins the ‘Golden Peacock Award for Sustainability’
2016 - Godrej Properties launches Residential Phase 2 at The Trees - Godrej Properties adds a new project in Bengaluru
2017 -Godrej Properties to develop 7.5 acre residential proj in Bengaluru. -Godrej Properties enters into agreement with Shivam Realty. -Godrej Properties partnered with Taj Hotels Palaces Resorts Safaris to develop a world class Taj brand hotel at its flagship project. -Godrej Properties launches new residential project in Sohna. -Godrej Properties adds new housing project in NCR.
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