Godrej Properties is a leading realtor from the Godrej group. The activities of the company are geographically dispersed and therefore revenues are more de-risked than other industry players. Godrej brand, strong execution skills and ready available land bank of the Godrej group are key strengths. There is a shakeout under way in the real estate industry and that is beneficial for established players like Godrej Properties which has witnessed better deal flow due to stress in the real estate sector. Despite good long term prospects and strong booking for new projects, we have a neutral rating due to high valuation and poor performnce in recent times due to covid 19 pandemic – 10-08-2021 Price: 1550.05 Rating: Neutral Recommendation: Hold
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