Mumbai-based developer Godrej Properties Limited (GPL) on Tuesday, July 1, said it has executed a share purchase agreement with Godrej Ventures and Investment Advisers Private Limited (GVAIAPL) and Vivrut Developers Private Limited (VDPL).
Under the agreement, Godrej Properties has sold its 2.5% stake in Vivrut Developers Private to Godrej Ventures and Investment Advisers Private for ₹8.63 crore.
The transaction was completed on the same day, July 1, 2025. GVAIAPL, which operates in the business of advisory services and real estate project management, belongs to the promoter group of Godrej Properties. The stake sale is a related party transaction and was carried out at arm’s length, with the sale price determined based on fair valuation.
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Last month, Godrej Properties said it had acquired 43 acres of land in Sector 40, Panipat. The land acquisition is for a plotted development with a revenue potential of over ₹1,250 crore, the company said. With its entry in Panipat, Haryana, the Mumbai-based developer said this will be its fourth residential plotted township in North India.
The project will contain around 1.02 million square feet of plotted residential development, with attractive plot sizes and lifestyle amenities, it said. The site is strategically located and is accessible from the national highway. It is also close to a host of social infrastructure, the company said.
Shares of Godrej Properties Ltd ended at ₹2,314.65, down by ₹27.95, or 1.19%, on the BSE.
Also Read: Godrej Properties acquires land in Pune with ₹3,100 crore revenue potential
First Published: Jul 1, 2025 7:06 PM IS
