In an interview with CNBC-TV18, Pirojsha Godrej, Executive Chairman of Godrej Properties spoke about the latest happenings in his company and sector. He was speaking from the side-lines of the Kotak Institutional Equities - Chasing Growth Conference.
With the introduction of real estate regulatory authority (RERA) and other steps there is a huge opportunity to also benefit from consolidation that is underway in this sector, Pirojsha Godrej, Executive Chairman of Godrej Properties said.
Q1 saw a significant dip in profits for Godrej Industries. In an interview to CNBC-TV18, Adi Godrej, Chairman of Godrej Group spoke about the results of the group companies and his outlook for the same.
Speaking exclusively to CNBC-TV18's Kevin Lee, Pirojsha Godrej, Chairman of Godrej Properties said that this year could be the company's best year for business development.
Poultry stocks have been on a tear and Godrej Industries is in focus as it holds just over 60 percent in Godrej Agrovet, which is into the poultry business. The Godrej Agrovet initial public offering (IPO) is likely to be announced soon to raise up to Rs 400 crore. Godrej Agrovet should do well and monsoon is shaping up very well, Adi Godrej, Chairman of Godrej Group told CNBC-TV18.
The man known for spotting small, midcap stocks at the right time says more than two dozen themes are yet to be explored.
Godrej Group's FMCG unit Godrej Consumer Products has left demonetisation behind in and expects a better show in the fourth quarter ending March 2017. Adi Godrej, Chairman, Godrej Group, said consumption has picked up and FMCG business is doing good.
Going ahead, remonetisation will spur the company‘s earnings in the fourth quarter ending March 2017, Godrej Group Chairman Adi Godrej said, adding that GST rollout will fuel the company‘s and India's growth in FY18.
According to Pirojsha Godrej, MD & CEO, Godrej Properties, the phase II sales figures have been good. He expects average realisations for phase II to be at least 10 percent higher than that of phase I.
Adhidev Chattopadhyay, Real Estate Analyst at Elara Capital likes Oberoi Realty, Godrej Projects from Mumbai and Sobha Developers, Prestige and Brigade Enterprises from Bangaluru.
Pirojsha Godrej, MD and CEO, Godrej Properties, sees Rs 700 crore revenue potential from the second phase, with average realisations at Rs 20,000 per sq ft. Additionally, 93 percent of the first phase was sold out within a month of its launch
The company plans to launch phase II of Trees project in coming weeks said, Pirojsha Godrej, MD & CEO Godrej Properties.
Creamline Dairy operates in Andhra Pradesh, Tamil Nadu, Karnataka as well as parts of Maharashtra and has a capacity of nearly seven lakh litre of milk processing a day with revenues of Rs 858 crore for the year-ended March, 2015.
Adi Godrej, Chairman, Godrej group says that going forward the entire sales growth is likely to come from volumes and that weakness in commodity prices will help boost margin.
The project was being developed for Jet Airways on a 50:50 profit-sharing agreement.
Adi Godrej, chairman of Godrej Group, gave his views on the performance of Godrej Consumer Products and Godrej Properties. He also spoke about the crucial GST Bill.
The Mumbai-based real-estate company, Godrej Properties has sold 150 apartments within three days of launching its affordable housing project in Ahmedabad, Pirojsha Godrej, MD & CEO, Godrej Properties said.
Godrej Properties, the Mumbai-based real estate developer announced launch of their BKC (Bandra-Kurla Complex) project in partnership with country's largest private air carrier Jet Airways.
Godrej Properties launches its new residential project e-city in Bangalore. Pirojsha Godrej, MD & CEO, Godrej Properties tell us why this is an ideal project and the future of residential projects in India.
Leading real estate player Godrej Properties would invest up to Rs 600 crore in developing a residential complex in Gurgaon over the next five years.
Pirojsha Godrej, the MD and CEO of Godrej Properties says that while the economic environment in the country is lagging, he feels property is quite a sentiment driven industry.
In an interview with CNBC-TV18, Adi Godrej, Chairman, Godrej Industries expects strong growth in Godrej Consumer Products in the next fiscal too. He said that the company is doing exceptionally well in the domestic front.
Godrej Properties' institutional placement programme (IPP) to raise up to USD 90 million received bids for 18% more than the shares on offer. Pirojsha Godrej, executive director of Godrej Properties says, the funds will be used to fund growth of the company.
CNBC-TV18 finds out that Godrej Industries is looking to dilute promoter stake in the company through the institutional placement route.
Godrej Properties is looking to dilute promoter stake in the company through the institutional placement (IPP) route. CNBC-TV18 caught up with Adi Godrej, the chairman of Godrej Industries to get the details.