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