Mumbai, India-based Godrej Properties (GPL) has plans to invest more than $1 billion over the next couple of years to acquire and develop new projects as part of its target to achieve higher growth, according to media outlets.
The company posted a loss during fiscal year 2021. “However, we remain confident that the steps we have taken to strengthen your company’s balance sheet, enhance its project pipeline, and build its execution capabilities will help us ensure high returns, lower risk and strong growth,” noted Pirojsha Godrej, executive chairman of GPL, in the company’s annual report.
