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Godrej Properties plans to raise Rs 1500 crore by selling office assets: Report

20 Apr 2017 Evaluate

Godrej Properties is reportedly planning to sell some of its office assets to raise around Rs 1500 crore, a significant portion of which would be used to bring down debt. The company’s net debt increased by Rs 270 crore on a sequential basis to Rs 3270 crore in the October-December quarter due to land and approval related cash outflows.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is currently developing residential, commercial and township projects spread across approximately 12.93 million square meters (131 million square feet) in 12 cities.

Godrej Properties Share Price

1873.10 -5.75 (-0.31%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 965.60
Dilip Buildcon 478.50
DLF 608.40
Oberoi Realty 1703.85
Ahluwalia Contract(I 847.50
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