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ICRA upgrades long-term rating assigned to Godrej Properties

07 Oct 2014 Evaluate

Credit rating agency, ICRA has upgraded the long-term rating of Godrej Properties from ‘A+’ to ‘AA-‘ for the fund based and non-fund based facilities of Rs 1,700 crore to be availed by the company.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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