Godrej Properties sells 5% stake in GGHPL to GFMIAPL
Real Estate

Godrej Properties sells 5% stake in GGHPL to GFMIAPL

Godrej Properties has divested a 5% stake it held in the equity share capital of Godrej Green Homes (GGHPL) to Godrej Fund Management and Investment Advisors (GFMIAPL) for Rs 467 million. GFMIAPL is involved in offering advisory services, managing, developing, and leasing real estate projects. During the quarter ended March 31, 2024, the company saw a 5.32% increase in its net consolidated profit, reaching Rs 4.78 billion compared to Rs 4.53 billion in the corresponding quarter of the previous fiscal year. Its net total consolidated income for Q4 FY24 stood at Rs 19.14. billion, reflecting a growth of 4.13% from Rs 18.38 billion recorded in the same quarter the previous year. (Source: ET)

Godrej Properties has divested a 5% stake it held in the equity share capital of Godrej Green Homes (GGHPL) to Godrej Fund Management and Investment Advisors (GFMIAPL) for Rs 467 million. GFMIAPL is involved in offering advisory services, managing, developing, and leasing real estate projects. During the quarter ended March 31, 2024, the company saw a 5.32% increase in its net consolidated profit, reaching Rs 4.78 billion compared to Rs 4.53 billion in the corresponding quarter of the previous fiscal year. Its net total consolidated income for Q4 FY24 stood at Rs 19.14. billion, reflecting a growth of 4.13% from Rs 18.38 billion recorded in the same quarter the previous year. (Source: ET)

Next Story
Infrastructure Transport

HCC-TPL JV Secures Indore Metro’s Underground Package IN-05R

"Madhya Pradesh Metro Rail Corporation Ltd (MPMRCL) has announced Hindustan Construction Co. Ltd. – Tata Projects Ltd. (HCC – TPL Indore Metro JV) as the lowest bidder for Package IN-05R, the first and only underground section of Indore Metro Phase 1’s Yellow Line.Originally, MPMRCL invited bids for Package IN-05 in February 2024 but later cancelled the tender and reissued it as Package IN-05R, with an estimated cost of ₹2,550 crore and a four-year completion timeline. When technical bids were opened in November 2024, six firms had submitted their proposals. However, Afcons-Sam India J..

Next Story
Infrastructure Transport

TBM Kurinji Launched for Corridor 5 Expansion for Chennai Metro

Tata Projects Limited has launched the first Tunnel Boring Machine (TBM) for Corridor 5 of its Phase II expansion project. Named TBM Kurinji, the machine was deployed at the Kolathur Ramp on February 19, 2025, marking a significant milestone in Chennai’s metro development.Following the successful implementation of Phase I and its extension, CMRL has embarked on an ambitious Phase II expansion, covering 118.9 km across three new corridors, backed by international funding from JICA, ADB, AIIB, and NDB. Corridor 5, spanning 47 km, originates at Madhavaram Milk Colony and passes through key loca..

Next Story
Infrastructure Transport

Indore Metro's Underground Section to Enhance Urban Connectivity

The 8.626 km-long underground stretch of the Yellow Line will connect a ramp east of Indore Railway Station to a ramp west of Devi Ahilya Bai Holkar Airport, featuring twin tunnels and seven underground stations at key locations, including Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and the Airport. This underground corridor, the only such section in the 33.53 km Indore Metro Phase 1, is set to transform urban mobility. It will integrate with Package IN-04 on the east side, currently under construction by RVNL-URCC JV, and Package IN-03 on ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?