Godrej Properties is reportedly planning 15 projects launch in 2012-13. The said launches comprise new phases in existing projects. The company will continue to focus on residential properties for sustained cash flows.
Earlier, the company had signed 10 development deals with various land owners in FY12.
Godrej Properties (GPL) reported a 33.65% fall in consolidated net profit for the quarter ended March 31 at Rs 39.80 crore. The company had registered a net profit of Rs 59.99 crore in the corresponding period last fiscal. Total income grew 11.28% at Rs 373.18 crore as against Rs 333.53 crore in the year-ago period.