Godrej Properties, Oberoi Realty eye bigger share despite market slump

Godrej Properties is prepared to withstand the downturn in the sector and capture opportunities that arise due to the crisis, said its chairman Pirojsha Godrej in the company's latest annual report

Godrej Properties and Oberoi Realty are looking to gain market share and buy distressed projects, notwithstanding the slump in real estate, thanks to surplus cash and low debt on their books.

Godrej is prepared to withstand the downturn and capture opportunities arising out of the crisis, Executive Chairman Pirojsha Godrej said in the latest annual report. “The most important opportunity will be market share. Strong business development over the past few years has ensured that our launch pipeline has been the best. We will be ready to launch these projects and gain market share, while most of our peers are focused