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Godrej Properties’ Net Debt Jumps 42% to ₹4,637 Cr in Q1; Firm Targets ₹20,000 Cr New Projects This Fiscal
The net loan of real estate company Godrej Properties has increased by 42% to Rs 4637 crore in the first quarter. The company is taking loans to start new projects to meet the increasing demand. The company has fixed the maximum loan limit at Rs 10000 crore. Gaurav Pandey, MD of Godrej Properties, said that they have no shortage of money.
The net loan of Godrej Properties, a real estate firm, rose by 42 percent to Rs 4,637 crore during the first quarter of the current fiscal. The firm is taking the loan so that it will be able to initiate new large-scale projects in order to cater to the growing need for homes. The overall debt of the firm stood at Rs 3,269 crore as of March-end 2025.
Gaurav Pandey, MD and CEO of Godrej Properties, has stated that the company has put a cap on its debt, which is Rs 10,000 crore. This indicates that they have a lot of room to incur more debt.
In a conference call with analysts, Godrej Properties MD and CEO Pandey said, "From the loan point of view, we have set the maximum limit of total debt at Rs 10,000 crore. We still have a lot of scope and even if we go to this limit, our ratio will only be around 0.5 or a little more than that."
