Company analysis :

Godrej Properties

About Godrej Properties

Godrej Properties (GP) is engaged in the development of
residential, commercial and township projects spread across
approximately 108 million square feet in 12 cities across
India.
It is headquartered in Mumbai, India and employs around
836 people.
The company recorded revenues of INR7,187 million
(approximately $117.8 million) in the fiscal year ended
March 2015, a decrease of 6.2% compared to 2014.
The company's operating profit was INR 3,012.6 million
(approximately $49.4 million) in fiscal 2015, an increase of
40.3% over 2014. Its net profit was INR1,279.2 million
(approximately $21 million) in fiscal 2015, an increase of
31% over 2014.

Cash-starved developers tie up with bigger rivals to

fund projects
Developers such as Godrej Properties Ltd and Tata Housing
Development Co. Ltd have tied up with multiple developers in
different markets, allowing them to enter into new property
markets without buying any land.
In January, Godrej Properties signed a development management
agreement with Lotus Greens to build a housing project in Sector
150 of Noida, marking the formers entry into the Noida market. It
has also entered into a joint development agreement with Vihang
Group to develop 15 acres of land off Ghodbunder Road in Thane.
Large real estate firms have stepped in as development managers
for smaller developers and landowners, in return for a share of the
revenue, share in profits or a management fee.