Godrej Properties plans to sell commercial assets worth Rs 1,500 crore

Godrej Properties in September had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai for a good valuation of Rs 1,479 crore. Godrej Properties in September had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai for a good valuation of Rs 1,479 crore.

The company has completed the construction of its commercial properties at Kolkata and Chandigarh, while the BKC project would be completed in next 3-4 months. In the first nine months of this fiscal, Godrej Properties has achieved a sales booking of Rs 4,422 crore, up 96 per cent from the year-ago period. Earlier this month, the company reported a 10 per cent increase in its consolidated net profit at Rs 51.99 crore for the December quarter as against Rs 47.24 crore a year ago.

Read more: Economic Times