GODREJPROP

By Dharamraj Dhutia

MUMBAI, Aug 4 (Reuters) - Godrej Properties GODR.NS, the real estate unit of India's Godrej Industries GODI.NS, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said.

The real estate developer is likely to raise around 20 billion rupees ($230 million) through the sale of shorter duration bonds, with a maturity of three to five years, the sources said last week.

"The company could look to tap the market after the central bank's monetary policy decision this week, in the hope that yields ease further," one of the sources said.

All the sources requested anonymity as the talks are private. Godrej Properties did not reply to a Reuters email seeking comment.

The bonds are rated 'AA+', and this will be the company's first bond issuance in nearly a year.

Last September, it had raised around 650 million rupees through the sale of five-year bonds at an annual coupon of 8.50%.

Godrej Properties has borrowed 25 billion rupees through bonds since September 2023. The upcoming sale would take its outstanding issuances to 45 billion rupees.

The Mumbai-based firm last month acquired around 50 acres of land for premium plotted residential units in the Indian state of Chhattisgarh.

($1 = 87.2300 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

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** Godrej Properties GODR.NS closes nearly 2% higher at 2,339.2 rupees

** Mumbai-based real estate developer enters Raipur, Chhattisgarh state, with 50-acre land acquisition for premium plotted residential units

** Co says Raipur, an emerging real estate market, is seeing strong demand for residential plotted developments and strong infrastructure growth

** GODR shares down about 16% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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July 16 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES LTD - ENTERS RAIPUR WITH 50-ACRE LAND ACQUISITION

• GODREJ PROPERTIES LTD - DEVELOPMENT TO OFFER 950,000 SQ FT SALEABLE AREA

Source text: ID:nBSE5LrV3f

Further company coverage: GODR.NS

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** Godrej Properties GODR.NS down ~2% to 2,273 rupees

** Nomura starts with "reduce"; stock rated "buy" on avg, per data compiled by LSEG

** PT of 1,900 rupees second-to-lowest, just 100 rupees above Street-low target; median PT is 2,713.50 rupees

** Brokerage expects FY26 pre-sales to miss co's forecast by 5% on weaker new launches "amid fading exuberance among buyers in India's real estate market"

** Says medium-term pre-sales growth could be slower as new trends "do not inspire confidence" in co's ability to sharply scale new launches

** Believes challenges to execution visible, given deliveries not ramping up as fast as sales volumes

** YTD, GODR falls ~19%

(Reporting by Hritam Mukherjee in Bengaluru)

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June 25 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES LTD - SELLS 2.5% STAKE IN MEPL FOR 32.5 MILLION RUPEES

• GODREJ PROPERTIES LTD - GPDL SELLS 2.5% STAKE IN MHPL FOR 334.4 MILLION RUPEES

• GODREJ PROPERTIES LTD - GPDL SELLS 2.5% STAKE IN VLDPL FOR 172.7 MILLION RUPEES

Further company coverage: GODR.NS

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June 23 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - SELLS HOMES WORTH OVER 20 BILLION RUPEES AT LAUNCH OF GODREJ MSR CITY

Source text: ID:nBSE6Cc9Dx

Further company coverage: GODR.NS

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** Shares of Ahluwalia Contracts (India) AHLU.NS jump ~6% to 914 rupees
** Construction firm gets 3.97 bln rupees ($46.3 mln) order from real estate developer Godrej Properties GODR.NS
** More than 215,000 shares change hands by 11:15 a.m. IST, more than twice their 30-day avg
** YTD, AHLU down 11% but stock closed last trading session logging sixth straight weeks of gains

(Reporting by Hritam Mukherjee in Bengaluru)

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** Godrej Properties GODR.NS rises 1.3% to 1,999.30 rupees; last up 0.3%

** ICICI Securities upgrades to "buy" from "hold"; raises PT to 2,515 rupees from 2,482 rupees

** Co posts FY25 gross sales bookings of 294 bln rupees ($3.42 bln), above its annual expectation of 270 bln rupees

** Brokerage expects FY26 sales bookings to touch 305 bln rupees and 312 bln rupees in FY27 on strong launch pipeline

** Says residential demand slowdown, muted price growth will be key risks for co

** Stock rated "buy" on avg; mean PT of 3,040 rupees, per data compiled by LSEG

** GODR down ~28% YTD

($1 = 86.0370 Indian rupees)

(Reporting by Vijay Malkar)

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** Shares of Godrej Properties GODR.NS rise as much as 6.5% to 2,052.95 rupees amid a broad market .NSEI rebound

** Nifty up 1%; the benchmark had fallen 6.8% on Monday

** Real estate developer says its Q4 FY25 booking value grew 87% Q/Q and 7% Y/Y to 101.63 bln rupees ($1.2 bln)

** Adds, this is its highest ever quarterly booking value

** FY25 booking value grew 31% Y/Y to 294.44 bln rupees - GODR

** GODR among top pct gainers on Nifty Realty <.NIFTYREAL> index, which is up 1.8%

** Avg rating of 18 analysts is equivalent of "buy", median PT is 3,300 rupees - LSEG data

** YTD, GODR down 29.4% vs 24.8% fall by Nifty Realty

($1 = 85.8925 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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April 4 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES TO DEVELOP A PROJECT IN VERSOVA, MUMBAI

• PROPOSED DEVELOPMENT WILL HAVE REVENUE POTENTIAL OF 13.5 BILLION RUPEES

Further company coverage: GODR.NS

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April 1 (Reuters) - Godrej Properties Ltd GODR.NS:

• SELLS HOMES WORTH OVER 20 BILLION RUPEES AT LAUNCH OF PROJECT GODREJ RIVERINE IN NOIDA

Source text: [ID:]

Further company coverage: GODR.NS

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March 28 (Reuters) - Godrej Properties Ltd GODR.NS:

• SELLS HOMES WORTH OVER 10 BILLION RUPEES AT LAUNCH OF PROJECT IN GURUGRAM

Source text: ID:nNSE9Vtysj

Further company coverage: GODR.NS

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March 25 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - SELLS HOMES WORTH OVER 10 BILLION RUPEES IN HYDERABAD

Source text: ID:nNSE30swmm

Further company coverage: GODR.NS

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** Godrej Properties GODR.NS rises 2.1% to 2,189.05 rupees

** Real estate developer acquires 10-acre land parcel in Bengaluru's Yelahanka to develop residential project with estimated saleable area of 1.5 mln square feet and rev potential of 25 bln rupees ($291 mln)

** Stock set to gain for sixth straight session

** GODR sheds ~21% YTD

($1 = 85.9170 Indian rupees)

(Reporting by Vijay Malkar)

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March 21 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - ACQUIRED ABOUT 10 ACRES OF LAND IN YELAHANKA, BENGALURU

• GODREJ PROPERTIES - PROJECT HAS AN ESTIMATED REVENUE POTENTIAL OF 25 BILLION RUPEES

Source text: [ID:]

Further company coverage: GODR.NS

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March 4 (Reuters) - TCM Ltd TRVN.BO:

• CANCELS DEVELOPMENT AGREEMENT WITH GODREJ PROPERTIES

Source text: ID:nBSE2BMVtG

Further company coverage: TRVN.BO

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March 3 (Reuters) - Godrej Properties Ltd GODR.NS:

• CANCELS AGREEMENT WITH TCM LIMITED

• NO MATERIAL IMPACT ON FINANCIALS FROM AGREEMENT CANCELLATION

Source text: ID:nBSE98N8TJ

Further company coverage: GODR.NS

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MUMBAI, Feb 27 (Reuters) - India's Godrej Housing Finance plans to raise 5 billion rupees ($57.41 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Thursday.

It will pay an annual coupon of 8.17% on this issue and has invited bids from bankers and investors for the issue on Friday, they said.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on February 27:

*Size includes base plus greenshoe for some issues

($1 = 87.1000 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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Feb 26 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES LTD - FIR REGISTERED AGAINST GODREJ ESTATE DEVELOPERS BY CBI

• GODREJ PROPERTIES LTD - FIR ALLEGES LACK OF NBWL CLEARANCE FOR GODREJ ETERNIA PROJECT

• GODREJ PROPERTIES LTD - ASSESSING IMPACT OF FIR ON FINANCIALS AND OPERATIONS

• GODREJ PROPERTIES LTD - DOES NOT EXPECT ADVERSE FINANCIAL CONSEQUENCES

Source text: ID:nNSE6QnfPg

Further company coverage: GODR.NS

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Feb 4 (Reuters) - Godrej Properties Ltd GODR.NS:

• Q3 CONSOL NET PROFIT 1.63 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 9.69 BILLION RUPEES

Further company coverage: GODR.NS

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By Divya Chowdhury and Praveen Paramasivam

DAVOS, Switzerland, Jan 20 (Reuters) - India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries Group Chairperson Nadir Godrej said in an interview on Monday.

Godrej, an Indian conglomerate which mainly targets the "middle category" of India's housing sector, is keeping a close watch on its debt given the cyclical nature of the business and is hopeful of riding out a potential down cycle, he added.

India forecast its slowest economic growth in four years for the year ending March, weeks after the country's central bank lowered its growth outlook for the next financial year.

Middle class Indians in the country's major cities are already cutting spending due to persistent inflation.

A slowdown is not evident in the housing sector, which struggles during downturns, and nor is one imminent, Godrej told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.

A Reuters poll published last month forecast house prices in India will rise steadily over the coming years, driven mainly by demand from wealthy individuals. But rising inflation will make owning a property unattainable for most.

Godrej's group, which has annual revenue of more than $6 billion, includes Godrej Properties GODR.NS as well as animal feed and vegetable oil manufacturer Godrej Agrovet GODE.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS.

Godrej said India's rural economy is improving due to an increase in consumption in villages.

(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/4ajdDTy)

(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Alexander Smith)

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Jan 13 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - ENTERS HYDERABAD WITH LAUNCH OF ITS FIRST PROJECT

• GODREJ PROPERTIES - PROJECT WITH ESTIMATED BOOKING VALUE OF 13 BILLION RUPEES

Source text: ID:nBSE8L43DP

Further company coverage: GODR.NS

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Jan 10 (Reuters) - Godrej Properties Ltd GODR.NS:

• ACQUIRES 24-ACRE LAND PARCEL IN INDORE

• PROJECT ESTIMATED REVENUE POTENTIAL OF 5 BILLION RUPEES

Source text: ID:nBSEbYsDKc

Further company coverage: GODR.NS

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** Shares of Godrej Properties GODR.NS rise 1.5% to 2,885 rupees

** Brokerage Jefferies expects co to post 35% pre-sales growth to more than 300 bln rupees ($3.54 bln) in FY25 as launches in H2FY25 build on a strong first half

** Adds, jump in project acquisitions has resulted in sales rising four fold; near-term project launch pipeline is strong

** View GODR as main beneficiary of ongoing property sector consolidation and residential real estate cycle upturn, the note added

** Jefferies reiterates "buy" rating on stock; PT unchanged at 3,750 rupees

** Seventeen analysts covering the stock on avg have a "buy" rating; median PT is 3,650 rupees, 27% higher than GODR's current price - LSEG data

($1 = 84.8025 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Dec 2 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - APPROVES QIP ISSUE PRICE OF 2,595 RUPEES/SHARES

• GODREJ PROPERTIES - APPROVES CLOSURE OF QIP ISSUE ON DEC 2

Further company coverage: GODR.NS

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Nov 27 (Reuters) - Godrej Properties Ltd GODR.NS:

• FLOOR PRICE FOR QIP ISSUE SET AT 2,727.44 RUPEES PER EQUITY SHARE

Source text: ID:nBSE25pg3T

Further company coverage: GODR.NS

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Nov 20 (Reuters) - Godrej Properties Ltd GODR.NS:

• ACQUIRES 53-ACRE LAND IN JOKA, KOLKATA

• PROJECT HAS 1.3 MILLION SQ FT DEVELOPMENT POTENTIAL, REVENUE ESTIMATED AT 5 BILLION RUPEES

Source text: ID:nBSEbjf2sW

Further company coverage: GODR.NS

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Oct 25 (Reuters) - Godrej Properties Ltd GODR.NS:

• EMERGES HIGHEST BIDDER FOR LUXURY GROUP HOUSING PLOT IN GURUGRAM

• PROJECT WITH REVENUE POTENTIAL IN EXCESS OF 55 BLN RUPEES

Source text for Eikon: ID:nnAZN2I5KG0

Further company coverage: GODR.NS

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Oct 23 (Reuters) - Godrej Properties Ltd GODR.NS:

• SEPT-QUARTER CONSOL NET PROFIT 3.35 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.93 BILLION RUPEES

Source text for Eikon: ID:nBSE3f1HNr

Further company coverage: GODR.NS

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Oct 21 (Reuters) - Godrej Properties Ltd GODR.NS:

• ACQUIRES LAND FOR A RESIDENTIAL PROJECT IN AHMEDABAD

• ESTIMATED BOOKING VALUE FROM PROJECT IS EXPECTED TO BE 13 BILLION RUPEES

Source text for Eikon: ID:nBSE14Fsyz

Further company coverage: GODR.NS

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