Latest news with #GPL
Economic Times
5 days ago
- Business
- Economic Times
Godrej Properties shares in focus after 16-acre land acquisition in Pune
Godrej Properties has acquired a 16-acre land parcel in Upper Kharadi, Pune, with an estimated revenue potential of Rs 3,100 crore. This is its second acquisition in the area this month. The project will feature premium housing and retail. Separately, the company also bought a 14-acre plot in East Bengaluru, taking its combined revenue potential from both deals to Rs 8,800 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Godrej Properties are likely to be in focus on Tuesday, June 17, after the company announced the acquisition of a 16-acre land parcel in Upper Kharadi, Pune, with an estimated revenue potential of Rs 3,100 marks Godrej Properties ' (GPL) second land acquisition in the Kharadi–Wagholi micro-market this month, further strengthening its footprint in one of Pune's most promising growth Pune development will primarily comprise premium group housing and high-street retail, with a developable potential of approximately 2.5 million square feet. The strategically located land parcel offers strong connectivity to major commercial hubs and IT centers such as Viman Nagar, Magarpatta, and Hadapsar, in addition to proximity to established social infrastructure including schools, hospitals, malls, and this acquisition, the cumulative estimated revenue potential from Godrej's two recent land deals in the region stands at Rs 7,300 crore.'Upper Kharadi has rapidly emerged as one of Pune's most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area's growing demand and our commitment to expanding in high-potential urban clusters across India. We aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents,' said Gaurav Pandey, MD and CEO, Godrej on June 16, Godrej Properties announced the acquisition of a 14-acre land parcel in Hoskote, East Bengaluru, where it plans to develop a premium residential project with 1.5 million square feet of saleable area and an estimated revenue potential of Rs 1,500 location—near Whitefield, ITPL, and the upcoming Aerospace Park — benefits from robust infrastructure upgrades and improved connectivity via of Godrej Properties closed 1% higher at Rs 2,429.95 on BSE on Monday.
Business Standard
6 days ago
- Business
- Business Standard
Godrej Properties acquires 14-Acre land in East Bengaluru
Godrej Properties (GPL) has announced the acquisition of a strategically located 14-acre land parcel in Hoskote, East Bengaluru, with an estimated revenue potential of Rs 1,500 crore from the proposed development. With a projected development potential of roughly 1.5 million square feet of saleable area, the company intends to build a high-end residential project on the property. This acquisition represents GPL's ongoing push into East Bengaluru, an area that is becoming more and more recognized as a prime residential and investment corridor, building on the success of its previous project, Godrej Woodscapes. Rapid infrastructure development, enhanced social amenities, and close proximity to important job centers like Whitefield, ITPL, and the soon-to-be Aerospace Park are all helping the micro-market. Located approximately 5 km from National Highway 75 (NH-75), the site offers strong connectivity to key locations such as Budigere Cross, KR Puram, and the Whitefield micro-market. The region is witnessing substantial infrastructure upgrades, including the expansion of arterial road networks and the development of surrounding industrial and logistics hubs, further enhancing its appeal as a residential and commercial destination. These developments are expected to bolster Hoskotes position as an emerging urban hub, making it a compelling location for next-generation residential communities. Gaurav Pandey, MD and CEO, Godrej Properties, said, Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities. We aim to build a high-quality development that creates long-term value for its residents. Godrej Properties is a leading national real estate developer. It is a real estate arm of Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development. The company's consolidated net profit declined 18.9% to Rs 381.99 crore, despite a 48.8% jump in net sales to Rs 2,121.73 crore in Q4 FY25 over Q4 FY24. Shares of Godrej Properties shed 0.24% to Rs 2,401.20 on the BSE.
Business Standard
6 days ago
- Business
- Business Standard
Godrej Properties updates on new property development
In Hoskote, Bengaluru Godrej Properties (GPL), one of Indias leading real estate developers, today announced that it will develop a premium residential project on a strategically located 14-acre land parcel in Hoskote, East Bengaluru. The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of INR 1,500 crore. Located approximately 5 km off NH-75, the location enjoys excellent connectivity to key nodes such as Budigere Cross, KR Puram, and the Whitefield micro-market. The area is also witnessing transformative infrastructure upgrades, improved arterial road networks, and the development of adjacent industrial and logistics zones. These improvements are expected to further elevate the appeal of Hoskote as a vibrant and well-connected urban hub, making it a compelling location for future-ready residential communities.
The Sun
13-06-2025
- Business
- The Sun
Penang Cracks Down on Durian Fraud in Balik Pulau
GEORGE TOWN: The Penang government takes a serious view of the exploitation of local growers by rogue traders who import durians (from other states or Thailand) and sell it under the authentic Balik Pulau brand. State Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said yesterday that his office had collaborated with police, the Department of Agriculture, the Federal Agricultural Marketing Authority (FAMA) and the Malaysian Quarantine and Inspection Service (MAQIS) to set up roadblocks to detain agricultural products that do not comply with regulations. 'This operation is being carried out due to the issue of durians from outside Penang being brought into the state by unscrupulous traders to sell the fruit under the Balik Pulau durian brand. This issue was raised during the last State Assembly session. 'This restriction was also imposed to inspect vegetables and fruits to ensure they comply with the GPL (Grading, Packaging and Labelling) 2008 Regulations under FAMA ACT 141. Yesterday itself, three violation notices related to GPL were issued,' he said in a statement today. The GPL 2008 Regulations require that agricultural products must be graded, packaged and labelled before being marketed. The GPLs issued yesterday were the first of such imposed on wholesalers, who will face a maximum fine of up to RM25,000. Fahmi said the roadblock carried out from 8 pm to 11.30 pm yesterday was also the first of its kind held in Penang and will be implemented again at different locations in the future, to reinforce the state's commitment in protecting local farmers and consumers. Balik Pulau is famed for its many durian orchards, which produce the finest of varieties, such as Black Thorn, Red Prawn, Tupai King and Musang King.
The Sun
13-06-2025
- Business
- The Sun
Penang acts to protect growers from rogue traders exploiting state's authentic durian brand
GEORGE TOWN: The Penang government takes a serious view of the exploitation of local growers by rogue traders who import durians (from other states or Thailand) and sell it under the authentic Balik Pulau brand. State Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said yesterday that his office had collaborated with police, the Department of Agriculture, the Federal Agricultural Marketing Authority (FAMA) and the Malaysian Quarantine and Inspection Service (MAQIS) to set up roadblocks to detain agricultural products that do not comply with regulations. 'This operation is being carried out due to the issue of durians from outside Penang being brought into the state by unscrupulous traders to sell the fruit under the Balik Pulau durian brand. This issue was raised during the last State Assembly session. 'This restriction was also imposed to inspect vegetables and fruits to ensure they comply with the GPL (Grading, Packaging and Labelling) 2008 Regulations under FAMA ACT 141. Yesterday itself, three violation notices related to GPL were issued,' he said in a statement today. The GPL 2008 Regulations require that agricultural products must be graded, packaged and labelled before being marketed. The GPLs issued yesterday were the first of such imposed on wholesalers, who will face a maximum fine of up to RM25,000. Fahmi said the roadblock carried out from 8 pm to 11.30 pm yesterday was also the first of its kind held in Penang and will be implemented again at different locations in the future, to reinforce the state's commitment in protecting local farmers and consumers. Balik Pulau is famed for its many durian orchards, which produce the finest of varieties, such as Black Thorn, Red Prawn, Tupai King and Musang King.
