Godrej Properties (GPL) has done an acquisition in partnership with the APG anchored investment platform under which now Shubh Properties Cooperatief U.A. has acquired 74.90% of the equity share capital in GHCPL from GPL. Upon such transfer, GHCPL has ceased to be the subsidiary of GPL. This is the fourth investment made by the APG anchored real estate investment platform.
Earlier on July 1, 2015 the company, through a SPV, Godrej Home Constructions (GHCPL), has entered into an agreement to acquire a land parcel measuring approximately 18 acres at Kankapura Road, in South Bengaluru for developing a mid-income residential housing project.
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.
| Company Name | CMP |
|---|---|
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| Dilip Buildcon | 478.50 |
| DLF | 608.40 |
| Oberoi Realty | 1703.85 |
| Ahluwalia Contract(I | 847.50 |
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