Godrej Properties is well known for developing the real estate projects with the wide strategies along with the joint venture of the land owners. Godrej Properties set its successful projects in the Mumbai, Delhi-NCR, Bangalore as well as major markets. Recently, the Godrej Properties Managing Director and CEO Pirojsha Godrej told PTI that they are now looking for more number of projects in the Delhi NCR for expansion plan in National capital region. New Godrej apartment noida sector 150 will be designed by the most experienced interior designers to offer the luxury apartment at the most affordable price. Godrej Properties have the wide plan to enter the Noida market as they do not have presence in Noida and it acts as the key to the market in Delhi-NCR. The company states that they are looking to add new projects in this NCR market as well. Godrej Properties Group is also in talk with potential partners to develop the best Godrej noida flats in Noida. It is also the best time for adding the new projects as the expansion of the real estate market is also wide in Noida. Godrej said that company would launch its Delhi project in next fiscal. They are waiting for the approval of the project and Godrej Properties had announced In June 2013 into the Delhi property market with signing of the development agreement to Southend Infrastructure to make the luxurious 5 acre housing project in Okhla.
The Godrej Properties is performing well in despite to the slowdown of real estate market. The Godrej states that it would be launching more number of apartments in Noida than last fiscal. Godrej Properties will continue to add projects with the wide strategy through JVs and it would not opt for any land purchase. According to the real estate market, Residential is bit slow these days and NCR is considered as the last six month slowest. Godrej Properties in Mumbai is also developing the township, housing, and commercial projects in 12 cities that includes 100 million sq ft development potential and around 20 million sq ft development is under construction. Godrej announced last week about the investment of Rs 150 crore for developing the high technology filled and luxurious housing project in Gurgaon. Godrej would develop 306 apartments for this project along with its spread over 4.5 acre and it also have the saleable area of 5 lakh sq ft. According to a report of 2012-13 fiscal Godrej Properties has the net profit of Rs 138.4 crore for the revenue of Rs 1,047.6 crore.