Godrej Properties has purchased 99,528 Equity Shares of Rs. 10/- each of Happy Highrises, a subsidiary of the Company, from Karelides Traders. Consequently, Happy Highrises has become a Wholly Owned Subsidiary of 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.