Godrej Properties plans Rs 7,500-cr investment in next 12-18 months

Recently, Godrej Properties Ltd reported that its consolidated net profit in December quarter nearly trebled to Rs 38.95 crore

Sitting on a huge cash pile, Godrej Properties plans to invest around Rs 7,500 crore over the next 12-18 months on acquisition and development of new real estate projects.

In an interview with PTI, Godrej Executive Chairman Pirojsha Godrej sounded upbeat on the growth potential in the housing and commercial real estate segments especially in four major markets -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru and Pune -- where the company has a huge presence.

"We will invest USD 1 billion (around Rs 7,500 crore) over the next 12-18 months on development of new projects," Pirojsha said, adding that the planned investments