Godrej Properties raised ₹6,000 crore in India, aiming for ₹27,000 crore in future sales.

Godrej Properties, an Indian real estate firm, raised ₹6,000 crore through a stock offering to qualified institutional buyers. The funds will be used to acquire land and expand amid high demand for residential properties. The company saw a 50% increase in net worth and attracted major investors like GIC and Blackrock. Godrej aims to achieve ₹27,000 crore in sale bookings for the next fiscal year.

December 03, 2024
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