Godrej Properties (GPL), one of India’s leading real estate developers, has created a dedicated real estate funds management business in India and Singapore - Godrej Fund Management (GFM). GFM has raised a $275 million pool of capital, Godrej Residential Investment Program II (GRIP II) with Dutch pension fund asset manager APG Asset Management N.V. (APG) as the lead investor.
GFM will advise GRIP II investors on investments into a residential development platform with GPL in India. GRIP II is a follow on to the $200 million residential development platform GPL had set up with an APG led investor consortium in 2012. GPL will hold a 20% stake in GRIP II. Karan Bolaria has been appointed to head GFM and will be responsible for managing both series of the residential investment programs as well as any future strategies that GFM will undertake.
APG and GPL pioneered the joint venture approach in the Indian private real estate market in 2012 with GRIP I, a structure that has been followed by other foreign institutional investors and Indian developers since.
| Company Name | CMP |
|---|---|
| Lodha Developers | 965.60 |
| Dilip Buildcon | 478.50 |
| DLF | 608.40 |
| Oberoi Realty | 1703.85 |
| Ahluwalia Contract(I | 847.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: