Latest news with #GauravPandey
BBC News
a day ago
- General
- BBC News
Safety works set for 'dangerous' road near Derby's biggest park
Safety improvements are set to be made to a busy and "dangerous" road next to a large park in Derby. Derby City Council said work to create a new pedestrian toucan crossing in Ashbourne Road, between Prince Charles Avenue and Markeaton Park, is due to start later this year. It is hoped the crossing will make it safer for pedestrians to cross and visit the park, the Local Democracy Reporting Service (LDRS) city council said final costs and a timescale had not been confirmed yet. The section of Ashbourne Road where the crossing will be installed is one of Derby's busiest traffic routes and has a 40mph speed limit, which can make it difficult for pedestrians to cross both sides of the road, the LDRS said. 'Super happy residents' City councillor for Mackworth and New Zealand Ndukwe Onuoha said road safety improvements were needed on the stretch of road."If you have been there - and I have crossed it - you will know it is a mad rush to cross."Imagine someone with a buggy or a mobility scooter – it is very hard for them to cross. Parents tell me it is dangerous. We need a crossing so they can cross safely," he said. Conservative councillor for the area Gaurav Pandey welcomed the changes, adding there had been previous requests to get the work said: "We have been campaigning for this for a long time. Residents are going to be super happy about this."A spokesperson for Derby City Council said: "A new toucan crossing has been designed to improve access for pedestrians and cyclists between Prince Charles Avenue and Markeaton Park."While the final costs and installation timescale are yet to be confirmed, the project is planned for this year and will be funded by contributions from housing developments in the area."Work to improve road and pedestrian safety on the other side of Ashbourne Road – between Markeaton Island and Friar Gate – started last year after the council was awarded £475,000 from the section of road was identified as "high risk" and requiring improvement by the Road Safety Foundation. Work so far has included improvements to existing pedestrian crossings, upgrades to existing crossings on side roads leading to Ashbourne Road and new infrastructure to reduce speed of vehicles.
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Business Standard
3 days ago
- Business
- Business Standard
Godrej Properties acquires 16-acre parcel in Pune, eyes Rs 3,100 cr revenue
Godrej Properties, the realty arm of Godrej Industries Group, has acquired a 16-acre parcel in Pune's Upper Kharadi, with an estimated revenue potential of Rs 3,100 crore. The land will be used to build premium group housing and high-street retail. The project has a developable potential of 2.5 million square feet, said Godrej Properties in a statement. It's the company's second land acquisition in June in Pune's Kharadi-Wagholi belt, taking the estimated cumulative revenue potential from the two developments to approximately Rs 7,300 crore based on current business assumptions. Earlier this month, the company acquired a 14-acre land parcel in Kharadi that has a revenue potential of Rs 4,200 crore. Additionally, the land parcel in Upper Kharadi is situated within the micro-market of Kharadi–Wagholi and is near the IT hubs of Viman Nagar, Magarpatta and Hadapsar. 'Upper Kharadi has rapidly emerged as one of Pune's most promising real estate corridors, driven by its evolving infrastructure and strong connectivity,' said Gaurav Pandey, managing director and chief executive officer, Godrej Properties. '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 will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents,' he said. According to Square Yards Data Intelligence, a real estate data analytics platform, average property prices in Kharadi as of the first quarter of the calendar year 2025 (Q1 CY25) stood at Rs 13,319 per square foot, down from Rs 13,510 per square foot in Q1 CY24. On Monday, the company announced that it will develop a premium residential project on a 14-acre land parcel in Hoskote, East Bengaluru, with an estimated revenue potential of Rs 1,500 crore. Earlier, the company recorded its highest-ever quarterly bookings of Rs 10,163 crore in the fourth quarter of FY25, up 7 per cent from the year before. The company's quarterly bookings crossed Rs 10,000 crore for the first time.
Business Standard
4 days ago
- Business
- Business Standard
Godrej Properties gains after acquiring new project in Pune's Upper Kharadi
Godrej Properties advanced 1.95% to Rs 2,477.40 after the company announced that it has acquired an approximately 16-acre land parcel in Upper Kharadi, Pune. The proposed development will primarily feature premium group housing along with high-street retail, spanning a developable area of approximately 2.5 million square feet. The project is expected to generate an estimated revenue potential of Rs 3,100 crore. The company stated that the land parcel is strategically located within the promising Kharadi-Wagholi micro-market, offering good connectivity to major commercial hubs and close proximity to IT hubs such as Viman Nagar, Magarpatta, and Hadapsar. The location also offers access to well-developed social infrastructure, including schools, hospitals, malls, restaurants, and premium hotels, further enhancing the areas appeal for homebuyers. Gaurav Pandey, MD and CEO, Godrej Properties, said, Upper Kharadi has rapidly emerged as one of Punes 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 will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for 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.
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Business Standard
4 days ago
- Business
- Business Standard
Godrej Properties share price pops 2% on acquiring land parcel in Pune
Godrej Properties share price: Real estate developer Godrej Properties shares rose up to 2.17 per cent to hit an intraday high of ₹2,482.90 per share on Tuesday, June 17, 2025. At 9:25 AM,Godrej Properties shares were trading 1.39 per cent higher at ₹2,463.80 per share. In comparison, BSE Sensex was trading 0.25 per cent lower at 81,591.74 levels. Why did Godrej Properties shares rise in trade? Godrej Properties shares rose after the company announced the acquisition of an approximately 16-acre land parcel in Upper Kharadi, Pune. In a press release, the real estate developer said the project will primarily feature premium group housing and high-street retail, with a developable potential of around 2.5 million square feet and estimated revenue of ₹3,100 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 will 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 Properties. This marks the company's second acquisition in the Kharadi–Wagholi belt this month, taking the total revenue potential from both projects to around ₹7,300 crore. Strategically located near major IT and commercial hubs like Viman Nagar, Magarpatta, and Hadapsar, the site also benefits from strong social infrastructure, including schools, hospitals, malls, and hotels—making it an attractive destination for homebuyers. Catch Stock Market Updates Today LIVE About Godrej Properties Godrej Properties, part of the Godrej Industries Group, is among the leading real estate developers. It is known for developing residential, commercial, retail, and IT projects across India. In FY24, the company emerged as India's largest real estate developer by residential sales value. The market capitalisation of Godrej Properties is Rs 74,236 crore, according to BSE. The company falls under the BSE200 category. The 52-week low of Godrej Properties stock is Rs 1,869.50 while its 52-week high is Rs 3,400 per share.
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Business Standard
4 days ago
- Business
- Business Standard
Godrej Properties buys Upper Kharadi land with Rs 3,100 cr revenue scope
The 16-acre parcel in Pune's Upper Kharadi will support premium housing and retail, marking Godrej Properties' second acquisition in the region this month Mumbai Godrej Properties, the realty arm of Godrej Industries Group, has acquired a 16-acre land parcel in Pune's Upper Kharadi, with an estimated revenue potential of Rs 3,100 crore. The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of 2.5 million square feet. This is the company's second land acquisition this month in Pune's Kharadi–Wagholi belt, taking the estimated cumulative revenue potential from the two developments to approximately Rs 7,300 crore based on current business assumptions. Additionally, the land parcel in Upper Kharadi is situated within the micro-market of Kharadi–Wagholi and is near the IT hubs of Viman Nagar, Magarpatta and Hadapsar. Gaurav Pandey, managing director and chief executive officer, Godrej Properties, said: '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 will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents.' On Monday (16 June), the company announced that it will develop a premium residential project on a 14-acre land parcel in Hoskote, East Bengaluru, with an estimated revenue potential of Rs 1,500 crore. Earlier, the company recorded its highest-ever quarterly bookings of Rs 10,163 crore in the fourth quarter of the financial year 2025 (Q4FY25), up 7 per cent year on year (YoY). The company's quarterly bookings crossed Rs 10,000 crore for the first time.
