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.