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Godrej Properties on Thursday posted a 70 per cent decline in net profit at Rs 14 crore for the quarter ended December 31, 2020 (Q3FY21), compared to Rs 47 crore for the corresponding quarter a year earlier (Q3FY20). The company s total income fell 38 per cent at Rs 306 crore for the quarter under review compared to Rs 491 crore in Q3FY20. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said: The real estate sector has recovered from the initial impact of the pandemic. Government action to reduce stamp duties and premiums in Maharashtra combined with a higher intent towards home ownership as a result of the pandemic have helped drive a turnaround in sentiment towards residential real estate. We are pleased to see construction levels and cash flows at GPL normalize in the third quarter. With a large number of new project launches planned for the fourth quarter, we expect to end the year on a strong note and enter the new financial year with strong momentum.
Godrej Properties ranked #1 amongst listed global residential developers by the Global Real Estate Sustainability Benchmark
Posted On: 2020-12-13 19:55:00 (Time Zone: Arizona, USA)
Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), one of India s leading real estate developers, announced today that Global Real Estate Sustainability Benchmark (GRESB), an organization that provides Environmental, Social and Governance (ESG) benchmarks for real estate organizations across the world has recognized Godrej Properties as a Real Estate Development Sector Leader both globally and in Asia for listed residential real estate.
Each year GRESB recognizes and celebrates participants from across the world who have excelled with their leadership and commitment as real estate sector leaders with the expectation that these organizations will help drive ESG improvements across the industry. Godrej Properties has participated in the benchmark assessment since 2013 and achieved its highe