Godrej Properties’ wholly owned subsidiary - Godrej Projects Development (GPDPL), has acquired 49% of the paid-up share capital and entire Debentures of Godrej Premium Builders (GPBPL), a subsidiary of the company, from Madhavi SA Investments LLC and Madhavi Ventures.
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.