Godrej Properties have made avery good name for themselves as a high class residential house provides. They have had a very good presence in Mumbai, and Bengaluru but now they are looking to establish their presence in Delhi and NCR region.
Godrej Properties and Lotus Greens in Sector 150 project along with other in the area are some of the giant steps that Godrej is taking in the real estate area. According to the Managing Director and CEO, Pirojsha Godrej, this is a very important project for them along with those which are coming in Gurgaon. Currently Mumbai, Bangalore and Delhi-NCR are major markets for Godrej. He further added that they do not have a lot of presence in the Noida region which makes this a very important and key project for them. This is a good time to start new projects as there a considerable slowdown in the real estate market.
Along with all the projects that are currently active, the Delhi project is supposed to get completed in the next fiscal and they are waiting for all the permissions to start work on others. According to Godrej, company is performing very well despite of the slowdown and that is mainly because of the brand power of Godrej. There are many more projects in the pipeline and in next few years 10 more projects will be launched. Currently Godrej is developing projects in 12 cities with 100 million sq. ft. of land under development.