Goal is to deploy more capital in this market, says Pirojsha Godrej

It is challenging, but the team is doing very well and these launches are in different cities, said Godrej

Godrej Properties is looking to raise Rs 3,000 crore through a qualified institutional placement (QIP), as part of its counter-cyclical strategy, to build its portfolio and make payments to joint venture (JV) partners. Pirojsha Godrej, chairman of Godrej Properties, in an interview to Raghavendra Kamath talks about the rationale behind the firm’s aggressive plans and the outlook for the property market. Edited excerpts:

You have lined up a dozen projects in Q4. Isn’t it challenging to launch so many projects in the current environment?

It is challenging, but the team is doing very well and these launches are in different cities, micro-markets,