Godrej Properties Ltd

Godrej Properties Ltd. has announced credit rating actions for its outstanding debt instruments, as communicated by ICRA Limited in a letter dated September 02, 2026. ICRA Limited reaffirmed the [ICRA]AA+ (Stable) rating for Non-Convertible Debentures amounting to Rs 5,250 crore, reaffirmed the [ICRA]A1+ rating for Commercial Paper, assigning it for an enhanced amount of Rs 4,000 crore (previously Rs 3,500 crore), reaffirmed the [ICRA]AA+ (Stable) long-term rating and [ICRA]A1+ short-term rating for fund-based/non-fund-based bank facilities, assigning them for an enhanced amount of Rs 13,000 crore (previously Rs 11,000 crore), with no other rating agencies involved and no withdrawals reported.

Godrej Properties Ltd. announced that India Ratings and Research Private Limited has affirmed and assigned credit ratings for its outstanding instruments, specifically affirming IND A1+ for Commercial Paper with an enhanced amount of Rs. 4,000 crore (previously Rs. 3,500 crore) and affirming IND AA+ (Stable) for Non–Convertible Debentures amounting to Rs. 4,500 crore; no other rating agencies were involved, and there were no assignments, withdrawals, or enhancements related to any other instruments.

Godrej Properties Ltd rose 1.47% today to trade at Rs 2075. The BSE Realty index is up 1.06% to quote at 7234.13. The index is up 2.8 % over last one month. Among the other constituents of the index, Aditya Birla Real Estate Ltd increased 1.22% and Sobha Ltd added 1.04% on the day. The BSE Realty index went up 3.97 % over last one year compared to the 3.64% fall in benchmark SENSEX. Godrej Properties Ltd has lost 0.13% over last one month compared to 2.8% gain in BSE Realty index and 1.32% rise in the SENSEX. On the BSE, 1711 shares were traded in the counter so far compared with average daily volumes of 34886 shares in the past one month. The stock hit a record high of Rs 2351.6 on 27 Oct 2025. The stock hit a 52-week low of Rs 1434 on 02 Apr 2026.

Godrej Properties Limited announced that the National Company Law Tribunal, Mumbai Bench, approved a selective reduction of equity share capital in its step-down subsidiary, Godrej Redevelopers (Mumbai) Private Limited, where Shubh Properties Coöperatief U.A. held a 47.32% stake, which has been cancelled without consideration. Following the reduction, Godrej Projects Development Limited’s shareholding in Godrej Redevelopers (Mumbai) Private Limited will increase from 51% to 96.81%, and the company’s equity share capital will be reduced to 29,508 shares of Rs 10 each, totaling Rs 295,080.

Godrej Properties Ltd. announced that Pirojsha Godrej will transition from his role as Whole-time Director and Executive Chairperson to a Non-Executive Non-Independent Director and Chairperson of the company, effective August 14, 2026, pending shareholder approval. This change is part of a planned generational transition, as Pirojsha Godrej will also assume the position of Executive Chairperson of Godrej Industries Limited and Chairperson of the Godrej Industries Group. He will cease to be a Key Managerial Personnel of Godrej Properties upon the closure of business hours on August 13, 2026.

Godrej Properties Ltd. announced that 535 stock grants were exercised under the Godrej Properties Limited Employees Stock Grant Scheme, 2011, resulting in the allotment of 535 equity shares and an increase in the company's issued, subscribed, and paid-up capital to Rs 1,50,61,32,485 consisting of 30,12,26,497 equity shares as of August 11, 2026.

Godrej Properties Limited announced its financial results for the first quarter ended June 30, 2026, reporting consolidated bookings of INR 8,651 crores, a 22% year-on-year increase and the highest first-quarter booking value achieved by the company. Collections grew by 18% year-on-year to INR 4,348 crores, while net profit for the quarter was INR 350 crore. The company added INR 9,500 crore of future sales potential through portfolio additions and delivered 0.9 million square feet of projects during the quarter. Total income declined by 16% to INR 1,337 crore, while EBITDA decreased by 40% to INR 545 crore.

Godrej Properties Limited announced that its board of directors has approved a scheme of amalgamation with Godrej Housing Projects Private Limited, formerly Godrej Housing Projects LLP, subject to regulatory approvals. Godrej Properties Limited currently holds 95% of the paid-up equity share capital of Godrej Housing Projects Private Limited, with the remaining 5% held by Godrej Projects Development Limited, a wholly-owned subsidiary of Godrej Properties Limited, making Godrej Housing Projects Private Limited an indirect wholly owned subsidiary of Godrej Properties Limited. The amalgamation is intended to consolidate the real estate business, streamline the group structure, and improve operational efficiency, with Godrej Properties Limited's paid-up capital as of June 30, 2026, standing at Rs 150.61 crore and turnover at Rs 121.09 crore.

Godrej Properties will hold a meeting of the Board of Directors of the Company on 4 August 2026.

Godrej Properties announced its participation in an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA) for residential group housing plots. GPL has emerged as the highest bidder for a 4.95-acre (20,050 sq. m.) residential land parcel in Sector 151, Noida, as reflected on the e-tendering portal of HDFC Bank. GPL acquired the land for Rs 331.75 crore. Following the due process, NOIDA will issue the allotment letter. Godrej Properties intends to develop a residential group housing project on the land parcel, projected to generate estimated revenues exceeding Rs 2,000 crore. The development will feature premium residential apartments offered in diverse configurations