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1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
R E S U LT S P R E S E N T A T I O NFIRST QUARTER, F INANCIAL YEAR 2020
2 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
DISCLAIMER
Some of the statements in this communication may be 'forward looking statements' within the meaning of
applicable laws and regulations. Actual results might differ substantially or materially from those expressed
or implied. Important developments that could affect the Company's operations include changes in
industry structure, significant changes in political and economic environment in India and overseas, tax
laws, import duties, litigation and labor relations
3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
AGENDA
01Overview
Q1 FY20 Operational Highlights 02
Q1 FY20 Financial Highlights 03
Annexure 04
4 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
1. Godrej Group internal study
2. The Brand Trust Report 2019
3. Interbrand study done in 2019
� $5 bn in annual revenue
� Established in 1897
2� Godrej ranks amongst the most trusted Indian brands
3� $2.4 billion brand valuation by Interbrand
1� 1.1 billion people globally use a Godrej product
� Amongst India�s most diversified and trusted conglomerates
� Real estate is a key growth business for the Group
GODREJ GROUP
Godrej Industries
Godrej Consumer Products
BSE Sensex
162
134
12
18 year CAGR in stock price
` 1 invested in June 2001 is now worth
33%
31%
15%
Particulars
thNote: CAGR calculated for opening prices as of 18 June, 2001 when GCPL and GIL were demerged and publicly listed
Value Creation Track Record
5 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
GODREJ PROPERTIES
3.7, 2
2.3, 1
0.8, 1
2.8,1 7.0, 3Nagpur
Mangalore
Chennai
Kochi
Kolkata
0.7, 1Chandigarh
25.1, 13NCR
22.8, 1Ahmedabad
25.6, 22Mumbai
50.1, 13Pune
33.8, 16Bangalore
Total Developable Area (million sq. ft.)
No. of Projects: 74
Legends:
� India�s largest publicly listed developer by booking value over
the past five years
� Established in 1990
� Successfully delivered over 20 million sq. ft. of real estate in
the past five years
� Differentiated asset-light business model
� Over 250 awards received
� ~175 million sq. ft. of developable area across India
6 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
Godrej Brand
� India�s largest publicly listed developer by booking value over the past five years
� Successfully delivered over 20 million sq. ft. of real estate in the past five years
Sales and
Execution
Capability
Access to
Capital
� Confidence of capital markets demonstrated by sector leading stock performance since IPO
� Lowest bank funding rates in the sector
STRENGTHS
1� 1.1 billion people globally use a Godrej product
1. Based on Godrej Group Internal Studyth2. Total saleable area under projects, irrespective of the revenue / profit / area sharing arrangement as on 30 June 2019
� GPL brings the Godrej brand�s reputation for trust, quality and corporate governance to the real estate sector
� 2
� Added 28 projects with ~59 million sq. ft. saleable area in the last 3 years
� Access to Group�s land bank across India (e.g. Vikhroli)
Strong Project
Pipeline
Effective
Land Sourcing
Model
� Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report
� Competitive advantage in executing joint development projects
� Asset light, capital efficient and high ROE development model
7 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
STOCK PERFORMANCE
An investment into GPL’s IPO would be worth ~ 8x an identical investment into the BSE Realty Index
Value Creation Track Record
BSE Realty Index
Godrej Properties
BSE Sensex
4.36
0.57
9 year CAGR in stock price
` 1 invested in January 2010 is now worth
Particulars
8.9%
16.8%
-5.8%
2.24
Note: CAGR calculated for prices as on 4th January, 2010 and 30th June, 2019
8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
AGENDAAGENDA
02Overview 01
Q1 FY20 Operational Highlights
Q1 FY20 Financial Highlights 03
Annexure 04
9 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
Q1 FY20 OPERATIONAL HIGHLIGHTS
� Added the iconic RK Studios project with saleable area of ~0.35 million sq. ft. in Q1 FY20Business
Development
CapitalRaising
� Raised INR 2,100 crore through QIP
Construction Highlights
� Delivered ~ 1.4 million sq. ft. across 2 cities in Q1 FY20
� 6 awards received in Q1 FY20Other
Highlights
� Total booking value stood at INR 897 crore
� Launched 3 new projects/phases
SalesHighlights
10 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
CAPITAL RAISING
Raised INR 2,100 crore through QIP
� Allotted 2,26,29,310 equity shares of INR 5 each to Qualified Institutional Buyers for INR 928/share
� Demonstrates GPL�s ability to successfully raise capital in tough macro economic environment
� Significantly bolstered our balance sheet. GPL�s net debt/equity ratio now stands at 0.2x providing us considerable room to invest into
new projects at attractive valuations
� Equity raise was specifically timed to take advantage of a countercyclical investment strategy. Current market dynamics, where the NBFC
crisis has further worsened an already challenged liquidity environment, provides us an unprecedented opportunity to strengthen our
project portfolio
11 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
SALES HIGHLIGHTS
*Includes :
- 1,332 sq. ft. of JVP area in Q1 FY20 & 19,271 sq. ft. of JVP area in Q1 FY19 & (2,681) sq. ft.
of JVP area in Q4 FY19
Strong response to new project/phase launches
- INR 0 Cr of JVP booking value in Q1 FY20 & INR 6 Cr of JVP booking value in Q1 FY19 & INR (1) Cr
of JVP booking value in Q4 FY19
**Includes
Particulars Q1 FY20 Q1 FY19 Growth Q4 FY19 Growth FY19
Area Sold* (sq. ft.) 1,349,271 1,169,503 15% 3,718,690 -64% 8,759,410
Booking Value** (INR Cr) 897 820 9% 2,161 -58% 5,316
� Launched in June 2019
� Total project sales at stood at 226,989 sq. ft. with a booking value
of INR 139 crore
Godrej Palm Retreat, NCR
� Launched in June 2019
� Total project sales at stood at 181,813 sq. ft. with a booking value
of INR 119 crore
Godrej Lake Gardens @ Godrej Reflections, Bangalore
� Launched in June 2019
� Total project sales stood at 166,566 sq. ft. with a booking value of
INR 90 crore
Godrej Nurture @ Godrej Central Park, Pune
12 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
PROJECT BOOKING
Particulars Booking Area (sq. ft.)
Residential Projects Q1 FY20
139
119
90
69
48
47
34
31
26
285
889
5
3
9
897
1. Includes cancellations in certain projects
2. GPL is the development manager for the project
2Godrej Palm Retreat, NCR
Godrej Reflections, Bangalore
Godrej Central Park, Pune
Godrej Emerald, Mumbai
Godrej Prime, Mumbai
Godrej Golf Links, NCR
Godrej Infinity, Pune
2Godrej Platinum, Vikhroli
Godrej Garden City, Ahmedabad
1Others
Total
Commercial Projects
Godrej Genesis, Kolkata
Godrej Eternia, Chandigarh
Total
Grand Total
Q1 FY20
226,989
181,813
166,566
78,792
34,979
69,249
55,852
15,137
82,816
421,986
1,334,179
11,663
3,429
15,092
1,349,271
Booking Value (INR Cr)
13 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
BUSINESS DEVELOPMENT
Added 1 new project with saleable area of ~0.35 million sq. ft. in Q1 FY20
� Spread across 2.2 acres, this project will offer ~0.35 million sq. ft. of saleable area comprising modern residential apartments of various
configurations as well as a luxury retail experience
� Strategically located on the main Sion-Panvel Road, RK Studios offers an extremely well developed social and civic infrastructure with
multiple schools, hospitals, retail malls, residential, and commercial spaces in close proximity
RK Studios - Chembur, Mumbai
Existing Project Update
� Restructured from a 25% equity share in a revenue sharing agreement to a 58% profit sharing agreement
� We expect to launch the project in either Q2 or Q3 of FY20
Godrej South Estate - Okhla, New Delhi
14 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
LAUNCH TRACKER FY20
Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially
beyond initial expectations
New project launches planned in FY20
Project City Status
Godrej Palm Retreat
Godrej South Estate
Kavesar
Electronic City
Sector 43, Noida
Mahalunge
Manjari
Vikhroli (mixed used)
Bandra
Sarjapur 3
Devanahalli 2
Godrej Seven
NCR
NCR
Mumbai
Bangalore
NCR
Pune
Pune
Mumbai
Mumbai
Bangalore
Bangalore
Kolkata
Launch Area*
0.92
0.5
0.41
0.57
0.84
1.2
0.63
0.7
1.1
0.57
0.49
0.97
Launched On - Track Delayed New Project Added
* in million sq. ft.
New phase launches planned in FY20
Project City Status
Godrej Nurture
Godrej Lake Gardens
Godrej Tranquil
Godrej Garden City, Phase 7
Godrej Garden City, Phase 8
Godrej Garden City, Commercial
Godrej Golf Links
Godrej City
Godrej Meridien
Godrej Eternity
Godrej Vihaa
Godrej Prakriti
Pune
Bangalore
Mumbai
Ahmedabad
Ahmedabad
Ahmedabad
NCR
Mumbai
NCR
Bangalore
Mumbai
Kolkata
Launch Area*
0.75
0.50
0.36
0.65
0.93
0.50
0.64
0.49
0.85
0.23
0.8
0.6
15 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
CONSTRUCTION HIGHLIGHTS
Delivered 1.4 million sq. ft. across two cities
Godrej Infinity, Pune
1.1 million sq. ft.
The Trees Phase - 2, Vikhroli
0.28 million sq. ft.
16 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
AGENDAAGENDA
03
Overview 01
Q1 FY20 Operational Highlights 02
Q1 FY20 Financial Highlights
Annexure 04
17 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
CONSOLIDATED FINANCIAL STATEMENTS – P & L
Total Income = Revenue from Operations + Other Income + Share of profit in Joint Venture
*Adjusted EBITDA = EBITDA + interest included in cost of sale
**EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture
PBT = PBT + share of profit in Joint Venture
Particulars Q1 FY2020 Q1 FY2019 % Change Q4 FY2019 % Change FY2019
Total Income
Profit before tax
Net Profit after tax
(INR Cr)
EBITDA**
Adjusted EBITDA*
1,055
280
125
63
34
-33%
-8%
56%
122%
162%
1,200
438
314
245
157
-41%
-41%
-38%
-43%
-43%
3,236
1,003
597
348
253
708
258
195
140
90
18 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
CONSOLIDATED FINANCIAL STATEMENTS – CASHFLOW(INR Cr)
Q1 FY20
Construction and related outflow
Financial cashflow
E Other Ind AS Adjustments
Capital cashflow
QIP InflowB
Net financial cashflow
Other project related outflow
Notes Particulars
Advance to JV partners and others
D Adjustment for JV projects
(A+B+C+D+E) (Increase)/Decrease in Net Debt under Ind AS
Operating cashflow
Interest, corporate taxes and other outflow
Net capital cashflow
A Operating cash outflow
Net operating cashflow
Land & approval related outflowC
Total operating cash inflow
Total operating cash outflow
(A+B+C+D) Total net GPL cashflow
885
(459)
(401)
(860)
25
2,100
(119)
1981
(916)
(74)
(991)
247
1,262
(53)
1,209
19 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
CONSOLIDATED FINANCIAL STATEMENTS – BS(INR Cr)
Sr. No Particulars
A Assets
1 Non Current assets
a
b
d
e
g
h
I
2
a
b
c
f
c
j
As on 30.06.2019
Unaudited
84.38
103.47
2.17
0.04
21.87
0.86
997.33
725.64
29.13
0.02
479.04
154.77
65.14
2,663.86
2,462.29
683.88
164.11
98.26
2,222.79
1,323.97
272.65
408.29
7,636.24
10,300.10
Property, plant & equipment
Capital Work-in-Progress
Investment Property
Goodwill
Other intangible assets
Intangible assets under development
Investment in joint ventures and associates
Financial assets
Investments
Loans
Other non � current financial assets
Deferred tax assets (net)
Income tax assets (net)
Other non-current non-financial assets
Total non-current assets
Current assets
Inventories
Financial assets
Investments
Trade receivables
Cash and cash equivalents
Bank balances other than above
Loans
Other current financial assets
Other current non-financial assets
Total current assets
Total Assets
As on 31.03.2019
Audited
71.90
98.77
2.20
0.04
22.55
0.77
722.85
862.20
28.57
32.85
515.53
157.98
56.61
2,572.82
2,210.80
1,052.10
159.91
152.51
190.09
1,030.19
343.02
381.30
5,519.92
8,092.74
k
20 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
CONSOLIDATED FINANCIAL STATEMENTS – BS(INR Cr)
Sr. No
B
1
a
b
c
2
2.1
a
b
c
2.2
a
b
c
d
Particulars
Equity and Liabilities
Equity
Equity share capital
Other equity
Non-controlling interest
Total Equity
Liabilities
Non Current Liabilities
Financial liabilities
Borrowings
Deferred tax liabilities (Net)
Provisions
Total Non-Current Liabilities
Current Liabilities
Financial liabilities
Borrowings
Trade payables
Total Outstanding Dues of Micro Enterprises and Small Enterprises
Total Outstanding Dues of Creditors other than Micro Enterprises and Small Enterprises
Other Current Financial Liabilities
Other Current Non Financial Liabilities
Provisions
Current Tax Liabilities (Net)
Total Current Liabilities
Total Liabilities
Total Equity and Liabilities
126.01
4,494.01
0.20
4,620.22
504.27
0.79
12.85
517.91
3,403.07
9.57
234.92
260.68
1,227.31
13.86
12.56
5,161.97
5,679.88
10,300.10
As on 30.06.2019
Unaudited
114.66
2,354.35
2,469.01
500.00
0.73
11.52
512.25
3,015.84
13.45
234.25
262.09
1,556.36
11.15
18.34
5,111.48
5,623.73
8,092.74
As on 31.03.2019
Audited
21 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
FINANCIAL ANALYSIS
Leverage Indicators
Profitability Indicators
*Adjusted EBITDA = EBITDA + interest included in cost of sale**EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture#Net profit after minority interest
ParticularsthAs on 30 June 2019 thAs on 30 June 2018
Net Debt (INR Cr)
Networth (INR Cr)
Net Debt / Equity Ratio
Average Borrowing Cost (YTD)
932
4,620
0.20
8.16%
Particulars Q1 FY2020 Q1 FY2019 Q4 FY2019 FY2019
PBT Margin %
Net Profit Margin %#
Note: All Numbers as per Ind AS
Adjusted EBITDA / Total Income*
2,141
2,469
0.87
7.97%
1,776
2,242
0.79
7.86%
EBITDA / Total Income**
26.5%
11.9%
6.0%
3.3%
36.5%
26.2%
20.5%
13.1%
31.0%
18.4%
10.8%
7.8%
36.4%
27.6%
19.8%
12.7%
stAs on 31 March 2019
22 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
04
AGENDAAGENDA
Overview 01
Q1 FY20 Operational Highlights 02
Q1 FY20 Financial Highlights
Annexure
23 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
A. RESIDENTIAL PROJECTS
S.No Project Name Location Asset Class Status
1 Godrej Garden City* Ahmedabad Residential 14.80Phase I to IV: Area Based – 73.6%Phase V : Revenue Based – 67.6%Phase VI onwards - 17% of Revenue
Ongoing
2
Godrej Avenues Bangalore Residential 0.75 Profit Sharing – 34%
4
Godrej Platinum Bangalore Residential 0.04 Ongoing
5
6
Godrej Gold County Bangalore Residential 0.12 Revenue Based – 63% Ongoing
10
Godrej E-City Bangalore Residential 0.09 DM Fee – 11% of Revenue Ongoing
11
Godrej Reserve Bangalore Residential 2.15 Ongoing
12
17
Godrej United
Godrej Reflections
Bangalore
Bangalore
Residential
Residential
1.00
1.00
DM Fee – 11% of Revenue Ongoing
Ongoing
* Primarily a residential project with a portion of commercial saleable area. ** Developable potential up to 9.0 million sq. ft. Extendable upto 2 million sq. ft.#
Ongoing
Devanahalli 1 Bangalore Residential 5.00 Profit Sharing – 50% Forthcoming
Electronic City Bangalore Residential #1.40 ForthcomingProfit Sharing – 50%
7 Godrej Eternity Bangalore Residential 1.10GPL holds 25.1% equity in the project specific company Ongoing
Godrej Air Bangalore Residential 0.85 Profit Sharing – 50% Ongoing8
Tumkur Road Bangalore Residential 0.79 Revenue Based – 78.0%9 Forthcoming
100% owned project
Est. SaleableArea (mn sq. ft.)
Business Model
3 Sarjapur 1 Bangalore Residential 4.00** DM Fee - 12% of Revenue Forthcoming
Ind AS Classification
Own
JV
DM
DM
DM
JV
JV
JV
Own
JV
Own
Own
JV
JV
GPL holds 20% equity in the project specific company
Godrej Aqua Bangalore Residential 0.80 Area Based – 90% Ongoing13
14
Own
Sarjapur 3 Bangalore Residential 4.70 DM Fee – 11% of Revenue Forthcoming
15
DM
16
Devanahalli 2 Bangalore Residential 1.34 Profit Sharing – 55% (for 90% of area) ForthcomingJV
Profit Sharing – 21.7%
24 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
A. RESIDENTIAL PROJECTS
32
29
Godrej Platinum Mumbai 0.15 OngoingResidential
31 Godrej Central Mumbai 0.09 OngoingResidential
30 Godrej Alpine Mangalore Mixed Use 0.64 Ongoing
28
Kochi Project Kochi Residential 2.24 Forthcoming
Godrej Prakriti Kolkata Residential 0.69 Ongoing
27
Godrej Seven Kolkata Residential 3.00 Forthcoming
Godrej Nature+
Godrej Air
Godrej Meridien
Gurgaon
New Gurgaon
Residential
Residential
Residential
1.7
1.05
1.5
Ongoing
Ongoing
Ongoing
23
24
25
DM Fee – 10% of Revenue
Revenue Based 87.5%
Area Based for residential area – 71.5%
Revenue Based – 70%
100% Owned Project
Profit Sharing – 46%
Profit Sharing – 40%
Profit Sharing – 37.5%
GPL owns 20% equity in project specific company
Godrej Icon Gurgaon Residential 0.70 Ongoing22(B) Profit Sharing – 38%
Project Name Location Asset Class StatusEst. SaleableArea (mn sq. ft.)
Business ModelInd AS Classification
S.No
JV
JV
JV
JV
Own
JV
Own
Own
Own
DM
Godrej Oasis Gurgaon Residential 0.15 Profit Sharing – 38% Ongoing22(A) JV
Godrej 101 Gurgaon Residential 1.00 Revenue Based – 65% (GPL owns 25.1% of equity in the project specific company) Ongoing21(B) JV
Godrej Aria Gurgaon Residential 0.69Revenue Based – 65% (GPL owns 25.1% of equity in the project specific company) Ongoing21(A) JV
Gurgaon
Godrej Summit Gurgaon Residential 0.11 Ongoing20 Area Based – 65%Own
Godrej Palm Grove Chennai Residential 1.93Area Based – 70% (for 12.57 acres),68% (for 4.82 acres) Ongoing18
19 Godrej Azure Chennai Residential 0.70 OngoingProfit Sharing – 37%
Own
JV
Godrej Habitat26 Gurgaon Residential 0.75 Own OngoingRevenue Sharing 95%
25 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
A. RESIDENTIAL PROJECTS
1 Includes a portion of area to be retained by JV partner
Project Name Location Asset Class StatusEst. SaleableArea (mn sq. ft.)
Business ModelInd AS Classification
S.No
Godrej Emerald Mumbai 1.35 OngoingResidential
Godrej Park Mumbai Residential 0.77 Forthcoming
33
35 Godrej Vihaa Mumbai Residential 1.30 Ongoing
34
Revenue Based – 64% (GPL holds 20% equity in the project specific company)
Revenue Based – 56.5%
DM Fee – 10% of Revenue
JV
Own
DM
45
43
Godrej Edenwoods Mumbai 0.03 Profit Based – 50% (from 85% of revenue for this project) OngoingResidential
42
Sundar Sangam Mumbai 0.10 GPL to construct space for society in lieu of saleable area ForthcomingResidential
Godrej Links Mumbai Residential 0.19 GPL to construct space for society in lieu of saleable area
Forthcoming
46
Godrej Prime Mumbai 0.75 OngoingResidential 91.0% Revenue Sharing (GPL owns 51%of equity in the project specific company)
G&B Lawkim, Thane Mumbai 0.27 Profit Based – 32% ForthcomingResidential41
1Godrej Sky Mumbai 0.30 OngoingResidentialDM Fee Rs 50 cr, with upside promote to GPL above certain price threshold 40 DM
JV
JV
Own
Own
JV
DM Fee – 10% of Revenue39 G&B, Vikhroli Mumbai 1.20 ForthcomingMixed Use DM
44 Godrej Tranquil Mumbai 1.00 DM Fee – 11% of RevenueResidential DM Ongoing
Godrej City Mumbai 4.30 OngoingResidential
The Trees Mumbai 0.70 OngoingMixed Use
G&B, Vikhroli Mumbai 0.80 ForthcomingResidential
36
37
38
100% owned project
DM Fee – 10% of Revenue
JV
Own
DM
Profit Based - 35% with upside promote to JV partner above Rs.1,000 GPL PBT per sq.ft.
Godrej Alive Mumbai 2.10 DM Fee – 10% of Revenue OngoingResidential47 DM
Bandra Mumbai 1.10 Revenue Based – 60% ForthcomingResidential48 Own
26 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
Vashi Mumbai 0.50 Profit Sharing – 50% ForthcomingResidential49 JV
A. RESIDENTIAL PROJECTS
61(a) Godrej Prana Pune Residential 0.12 Profit Sharing – 40% OngoingJV
Godrej Greens61(b)
Bavdhan62
Pune Residential 0.87 Profit Sharing – 40%JV
Pune Residential 0.56 Profit Sharing – 45%JV
Ongoing
Forthcoming
Project Name Location Asset Class StatusEst. SaleableArea (mn sq. ft.)
Business ModelInd AS Classification
S.No
60 Godrej 24 Pune Residential 1.7Revenue Based 96% (GPL owns 49% equityin project specific company) OngoingJV
Bhugaon Township Pune 9.44Share in project specific company 11.09%, Development manager fee Rs 162/sq. ft., Profit sharing if profits exceed certain threshold
ForthcomingResidential
Godrej Infinity Pune Residential 2.80 Profit Sharing – 35% Ongoing
58
59
56 Godrej Golf Links Greater Noida Residential 4.00 Profit Share - 40% OngoingJV
JV
JV
53 Godrej South Estate NCR Residential 0.85 Profit Share - 58% Forthcoming
54
55
Godrej Nest
Godrej Palm Retreat
Noida
Noida
Residential
Residential
4.00
1.70
DM Fee – 11% of Revenue
DM Fee – 11% of Revenue
Ongoing
Ongoing
JV
DM
DM
Godrej Central Park63 Pune Residential 4.50 DM- 11% of Revenue & Profit Sharing – 26%JV Ongoing
Godrej Anandam Nagpur 2.17
PMC Fee Rs 400/sq. ft. for 7.7 lac sq. ft. Revenue Based agreement for remaining area : First 1 million sq. ft. 62% (GPL) & next 1 million sq. ft. 57% (GPL)
OngoingResidential52 Own
50 Kavesar, Thane Mumbai Residential 0.7GPL holds 20% equity in the project specific company ForthcomingJV
Sector 43 Noida Residential 2.2 Profit Sharing – 49% Forthcoming57 JV
Portfolio Deal64 Pune Residential 25 DM- 12.5% of Revenue & Profit Sharing – 50%JV Forthcoming
51 RK Studios Mumbai Mixed Use 0.35 100% owned project ForthcomingOwn
27 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
B. COMMERCIAL PROJECTS
1 Godrej Garden City* Ahmedabad Residential 2.40 Ongoing
2 Godrej Eternia Chandigarh Commercial 0.41 Revenue Based – 54% Ongoing
3 Godrej Prakriti Kolkata Residential 0.42 100% owned project Forthcoming
4
5
Godrej Genesis Kolkata Commercial 0.15 Area Based – 62% Ongoing
6(a)
Godrej Alpine Mangalore 0.25 Area Based – 71.5% for commercial area
7
Godrej Two Mumbai 1.16GPL holds 50% equity in projectspecific company
Ongoing
Godrej BKC Mumbai Commercial 0.02 Profit Based – 50% Ongoing
Forthcoming
Commercial
Residential
8
9
10
Bhugaon Township Pune Residential 2.36
Share in project specific company 11.09%, Development manager fee INR.162/sq. ft., Profit sharing if profits exceed certain threshold
Forthcoming
Godrej Genesis
Golf Course Road
Pune
Gurgaon
Commercial
Commercial
0.48
1.00
GPL owns 51% of equity in project specific company, Revenue Based 58%
GPL owns 30% of equity in project specific company,
Forthcoming
Forthcoming
*Primarily a residential project with a portion of commercial saleable area
Project Name Location Asset Class StatusEst. SaleableArea (mn sq. ft.)
Business ModelInd AS Classification
S.No
Own
Own
Own
Own
Own
JV
Own
JV
JV
JV
Phase I to IV: Area Based – 73.6%Phase V : Revenue Based – 67.6%Phase VI onwards - 17% of Revenue
6(b) The Trees -Hotel & Retail
Mumbai 0.34100% owned project OngoingMixed Used Own
28 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
THANK YOU
Godrej Properties Limited
Rajendra Khetawat
Tel: +91 22 6169 8500
Fax: +91 22 6169 8888
Email: rajendra@godrejproperties.com
For further information, please contact:
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