Godrej Properties Acquires 7% Stake in Godrej Skyline Developers
Mumbai-based Godrej Properties has announced the acquisition of a 7% stake in Godrej Skyline Developers (GSDL) for a total consideration of ₹9.25 lakh from existing shareholders.
Godrej PropertiesReal EstateGodrej Skyline DevelopersAcquisitionFinancial PerformanceReal Estate MumbaiAug 20, 2025
The target company, Godrej Skyline Developers, was incorporated in November 2016 and is primarily engaged in real estate development and related activities. It focuses on the sale of residential projects in Mamurdi, Pune, and has a registered office in Mumbai. In the financial year 2025, GSDL reported a turnover of ₹52.7 crore.
Under the terms of the agreement, Godrej Properties will acquire 92,500 equity shares of ₹10 each, representing 7% of the paid-up equity share capital of GSDL. The transaction is not a related party transaction, as no promoter, promoter group, or group companies have any interest in the entity being acquired, according to a stock exchange filing.
For the June quarter, Godrej Properties reported a net profit of ₹600 crore, marking a 15.4% increase from the same period last year. However, revenue fell by 41% from the same quarter last year to ₹435 crore. The company also reported an Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) loss of ₹243 crore for the quarter.
Despite the challenging financial performance, the real estate firm has launched six new projects during the quarter across four cities, with a total sales potential of ₹8,500 crore. This strategic move underscores Godrej Properties' commitment to expanding its portfolio and tapping into new markets.
In recent developments, Godrej Properties has also acquired a 48-acre land parcel in Bengaluru, marking its second significant land acquisition in a week. This move is expected to enhance the company's revenue potential and contribute to its financial goals for the fiscal year 2026.
Shares of Godrej Properties closed at ₹2,041.10, up 1.65% on the BSE. However, the stock has seen a decline of 26% so far in 2025, reflecting the broader market trends and the company's performance.
Godrej Properties is a leading real estate developer in India, known for its high-quality residential and commercial projects. The company's strategic acquisitions and new project launches are aimed at strengthening its market position and delivering long-term value to its stakeholders.
Frequently Asked Questions
What is the total consideration for Godrej Properties' acquisition of a 7% stake in Godrej Skyline Developers?
The total consideration for the acquisition is ₹9.25 lakh.
When will the transaction be completed?
The transaction is set to be completed on August 21.
What is the primary business of Godrej Skyline Developers?
Godrej Skyline Developers is primarily engaged in real estate development and the sale of residential projects in Mamurdi, Pune.
How did Godrej Properties perform in the June quarter of 2025?
Godrej Properties reported a net profit of ₹600 crore, a 15.4% increase from the same period last year, but revenue fell by 41% to ₹435 crore.
What significant land acquisition did Godrej Properties make in Bengaluru?
Godrej Properties acquired a 48-acre land parcel in Bengaluru, marking its second significant land acquisition in a week.
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