Monday, April 1, 2013



Godrej Properties enters new joint venture project in Pune

The Mumbai based real estate developer enters into a partnership to develop a 1.5 million sq. ft. residential project in Undri, Pune

Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, will develop a residential housing project at Undri (near NIBM) in Pune.  The project, spread over 31 acres, will offer approximately 1.5 mn sq. ft of saleable area and will comprise of 1, 2 and 3 BHK apartments.

The location offers excellent connectivity to all key access points in Pune like M. G. Road, the Mumbai - Bangalore Highway (NH 4), and the Pune - Solapur Highway (NH 9).  The project will also benefit from the well developed social and educational infrastructure surrounding it with Corinthian Club, Bishop’s co-ed School, and Delhi Public School in the immediate neighbourhood.

Like most Godrej Properties' projects, this project will be a joint venture project. GPL will be entitled to 40% of the profits from the project.


Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said “We are very happy to announce this new project in Pune.  GPL has built a number of landmark properties in Pune over the years including Godrej Eternia, Godrej Castlemaine, Godrej Millennium and Godrej Sherwood.  Godrej Horizon, our current residential project, is also located in Undri.  This project will offer contemporary, environmentally friendly living spaces and will help to grow our presence in Pune.”


About Godrej Properties Ltd.:

Godrej Properties brings the Godrej Group philosophy of innovation and excellence to the real estate industry. Each Godrej Properties development combines a 116-year legacy of excellence and innovation with a commitment to cutting-edge design and technology. Godrej Properties is currently developing residential, commercial and township projects spread across 82 million square feet in 12 cities. 
  
Godrej Properties has always embraced the notion that collaboration is the essence of excellence. To that end, we have worked with the best designers, architects and contractors within India and around the globe to deliver imaginative and sustainable spaces. By bringing together the best talent in the global real estate sector, Godrej Properties works to create developments that will last into the future, and foresee the needs of each and every resident.
  
Over the last few years, Godrej Properties has received over 35 awards and recognitions, including a “Corporate Governance of the Year” award from Accommodation Times and a “Best Emerging National Developer” award from ZEE Business. Official recognition, though, matters less than the affirmation we receive from our customers. Each home or office we construct is a relationship, and each smile a confirmation of a job well done. 

-- 
Warms Regards

Naresh Sharma

Concept Public Relations India Ltd.

Plot No:264, 3rd Floor,
Okhla Industrial Area, Phase III
New Delhi – 110020
(M) 09953291000


February core infra grows at (-) 2.5% 

The core infrastructure grows to (-) 2.5% in February 2013 as compared to 7.7% growth in February 2012. The decline in growth in February, 2013 was on account of negative growth witnessed in Electricity generation and in the production of Crude Oil, Coal, Natural Gas and Fertilizers.

 Sector wise trend in monthly production                                                      (% growth)
Sector
Weight in IIP
January’13
      February’13
Crude Oil
5.22
-0.2
-4.0
Natural Gas
1.71
-16.8
-20.1
Petroleum Refinery Products
5.94
10.5
4.3
Coal
4.38
2.3
-8.0
Fertilizer
1.25
-9.1
-4.0
Electricity
10.32
6.3
-4.1
Cement
2.41
3.0
3.9
Steel
6.68
1.9
0.5
Overall
37.90
3.1
-2.5
  Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

In cumulative terms core infrastructure industries registered a growth of 2.6% during April-February 2012-13 as against 5.2% during the corresponding period of the previous year.


Sector wise trend in production                                                                                          (% growth)
Sector
Weight
Apr-Feb 2011-12
Apr-Feb 2012-13
Crude Oil
5.22
1.4
-0.7
Natural Gas
1.71
-8.8
-14.2
Petroleum Refinery Products
5.94
3.3
7.0
Coal
4.38
0.5
3.7
Fertilizer
1.25
0.3
-4.0
Electricity
10.32
8.7
4.0
Cement
2.41
6.7
5.5
Steel
6.68
10.7
2.1
Overall
37.90
5.2
2.6
Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India
Electricity generation grew by 4% during Apr-February 2012-13 as against 8.7% growth during Apr-February 2011-12, while steel production grew by 2.1% during Apr-February 2012-13 as compared to 10.7% during Apr-February2011-12. The production in crude oil grew by -0.7% during Apr- February 2012-13 as compared to its growth at 1.4% during Apr- February 2011-12, whereas petroleum refinery production registered a growth of 7% during Apr- February 2012-13 as compared to 3.3% growth during Apr- February 2011-12. Fertilizer production grew by -4% during Apr- February 2012-13, compared to its growth at 0.3% during Apr- February 2011-12 and cement production grew by 5.5% during Apr- February 2012-13 compared to its growth at 6.7% during Apr- February 2011-12.
Trend in growth of steel, cement, electricity and coal and overall                  (%)
Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India


Warm regards,

Dr. S P Sharma
Chief Economist
________________________________________________
PHD Research Bureau
PHD Chamber of Commerce and Industry

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