Feature

Unlocking Success

With an expansion model driven by joint ventures, Godrej Properties has managed to march ahead despite industry headwinds

Soumik Kar

Mohit Malhotra vividly remembers the time he joined Godrej Properties Limited (GPL) as the business development head, in 2010. The real estate arm of the homegrown consumer goods major was a relatively small player in this industry – while GPL delivered around 3.9 million square feet of real estate in FY10, fellow heavyweights like DLF and Prestige Group delivered 7 million and 17 million square feet, respectively. GPL, as Malhotra candidly describes, was a “sleepy place”.