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News
Godrej Properties Debt
Godrej Properties Debt News
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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