Godrej Properties launches Rs 6,000 crore equity share sale to boost real estate growth.

Godrej Properties, an Indian real estate firm, launched a Qualified Institutional Placement (QIP) to raise Rs 6,000 crore by selling equity shares at a floor price of Rs 2,727.44. Approved last month, the QIP opened on November 27, 2024. The company saw an 84% rise in sales bookings last year to Rs 22,527 crore and aims to reach Rs 27,000 crore in bookings through land acquisitions and partnerships.