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Godrej Properties

12 Aug 2024

Raj Kapoor’s Rs 100 Crore Bungalow Buyer Faces Billions In Debt: Here's Why

Godrej Properties' debt surged by 20 percent to Rs 7,432 crore in the June quarter, driven by increased spending on land and construction. In February 2023, the company bought Raj Kapoor's bungalow in Chembur for around Rs 100 crore. Despite rising debt, Executive Chairman Pirojsha Godrej assured it's under control. The Godrej Group, founded in 1897, even supplied ballot boxes for India's first elections.

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