Mumbai, India – October 2, 2024: Godrej Properties Limited, a leading real estate developer in India, has received the green light from its board of directors to raise up to ₹6,000 crore through the issuance of securities. This strategic move aims to bolster the company’s financial position and support its ambitious growth plans.
The board has granted Godrej Properties the authority to issue various types of securities, including equity shares, convertible securities, or debt securities. The specific mode of fundraise and the quantum of funds raised will be determined at a later stage, taking into account market conditions and investor interest.
The infusion of fresh capital will provide Godrej Properties with a significant war chest to pursue strategic acquisitions, expand its land bank, and invest in new development projects. This move aligns with the company’s vision to become a dominant player in the Indian real estate market.
Godrej Properties has been actively expanding its presence across India, focusing on key markets such as Mumbai, Delhi NCR, Bengaluru, and Pune. The company has a strong track record of delivering high-quality residential and commercial projects, catering to the diverse needs of homebuyers and investors.
By raising additional funds, Godrej Properties aims to accelerate its growth trajectory and capitalize on emerging opportunities in the Indian real estate sector. The company’s strategic approach and strong financial position position it well for future success.
