GODREJ PROPERTIES
CORPORATE PRESENTATION
MAY 2015 DISCLAIMER
This presentation does not constitute or form part of any offer or invitation or appropriate for such purpose. Any opinions expressed in this inducement to sell or issue, or any solicitation of any offer to purchase or presentation are subject to change without notice and past subscribe for, any securities of Godrej Properties Limited (the Company), nor performance is not indicative of future results. None of the Company or shall it or any part of it or the fact of its distribution form the basis of, or be relied its promoters shall have any responsibility or liability whatsoever for any on in connection with, any contract or commitment therefore. loss howsoever arising from this presentation or its contents or otherwise arising in connection therewith. This presentation contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, This presentation and its contents are confidential and should not be belief or current expectations of the Company or its directors and officers with distributed, published or reproduced, in whole or part, or disclosed by respect to the results of operations and financial condition of the Company. recipients directly or indirectly to any other person. In particular, this Such forward-looking statements are not guarantees of future performance presentation is not for publication or distribution or release in any and involve risks and uncertainties, and actual results may differ from those in country where such distribution may lead to a breach of any law or such forward-looking statements as a result of various factors and regulatory requirement. The information contained herein does not assumptions which the Company believes to be reasonable in light of its constitute or form part of an offer or solicitation of an offer to purchase or operating experience in recent years. The Company does not undertake to subscribe for securities for sale. The distribution of this presentation in revise any forward-looking statement that may be made from time to time by or certain jurisdictions may be restricted by law and persons into whose on behalf of the Company. possession this presentation comes should inform themselves about and observe any such restrictions. None of the Companys securities No representation, warranty, guarantee or undertaking, express or implied, is may be offered or sold in the United States, without registration under or will be made as to, and no reliance should be placed on, the accuracy, the U.S. Securities Act of 1933, as amended, or pursuant to an completeness or fairness of the information, estimates, projections and exemption from registration therefrom. opinions contained in this presentation. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or
2 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 AGENDA Godrej Properties Introduction 01 Real Estate Sector Overview 02
Business Overview 03
Financial Overview 04
Annexure 05 GODREJ GROUP
Established in 1897 Value Creation for Investors $4.2 bn in annual revenue1
2 14 Year CAGR 600 million people use a Godrej product every day
Godrej ranked as 2nd most trusted Indian brand3 BSE SENSEX 17 $2.8 billion brand valuation by Interbrand4
Amongst Indias most diversified and trusted Godrej Consumer Products 36 conglomerates
Real estate identified as one of the key growth Godrej Industries Limited 41 businesses for the Group (%)
1. Group Revenues in FY14 Note: CAGR calculated for closing prices as of 18th June, 2001 and 31st March, 2015 2. Godrej Group internal study 3. The Brand Trust Report 2013 4. Interbrand study done in 2011
Godrej & Boyce Godrej Industries Godrej Properties Godrej Consumer Godrej Agrovet
4 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 GODREJ PROPERTIES
Established in 1990
Presence in 12 cities across India
Real estate worth over US $1.3 bn sold in the past three years Chandigarh 0.7, 1 NCR 8.0, 5 100 million sq.ft. of real estate to develop across India
Differentiated asset-light business model Ahmedabad 22.8, 1 Over 100 awards received in the past 3 years Kolkata Nagpur 7.1, 4 Mumbai 2.8,1 19.7, 19 Pune 18.3, 5 Hyderabad 10.0, 2 Legends: Mangalore 0.8, 1 Bangalore Est. Total Developable Area** (million sq.ft.) 11.6, 7 No. of Projects: 49 Chennai (As on 31st March, 2015) 3.7, 2 Kochi 2.3, 1
**Total area under the project, irrespective of revenue/profit/area sharing arrangement
BENGALURU
5 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 GROWTH PERFORMANCE
GPL has delivered strong and consistent growth in the last decade
PARTICULARS FY 2015 FY 2004 CAGR
Revenue (INR Cr.) 1,927 29 46%
EBIDTA (INR Cr.) 341 6 44%
Profit Before Tax (INR Cr.) 326 5 46%
Net Profit After Tax (INR Cr.) 191 2.5 48%
Booking Value (INR Cr.) 2,681 183 28%
Total development portfolio of GPL (Mn sq.ft.) 108 2 44% (excluding completed projects)
6 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 STOCK PERFORMANCE
GPL stock has substantially outperformed the BSE Realty Index since its IPO in 2010
200
180
160
140
120 GPL BSE Realty 100 Sensex 80
60
40
20
0 Jan-10 Aug-10 Apr-11 Dec-11 Aug-12 Apr-13 Dec-13 Aug-14 Mar-15 Returns since listing : Godrej Properties : +9% BSE Sensex: +59% BSE Realty: -57% Indexed Price movement from FY 15 Returns : Godrej Properties : +18% BSE Sensex: +25% BSE Realty: +13% January 2010 to March 31, 2015 Source : BSE
7 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 CORPORATE GOVERNANCE
The Board is strongly committed to best practices of corporate governance with a focus on investors interests and shareholder value
The Independent Directors on the GPL Board are:
Keki B. Dadiseth Lalita D. Gupte Pritam Singh Served as Chairman of Hindustan Unilever Served as the Director at IIM Lucknow. Serves Limited and as Director and Member of the Chairperson of ICICI Venture Funds as Director of Hero MotoCorp Ltd., Parsvnath Executive Committee at Unilever PLC and Management Company Limited Developers Ltd and also member on the local Unilever NV Board position: Bharat Forge Limited, Sesa board of Reserve Bank of India Sterlite Limited and Kirloskar Brothers Fellow of the Institute of Chartered Limited Conferred 'Padma-Shri', one of India`s highest Accountants of England & Wales civilian honors in 2003 Holds Board positions at The Indian Hotels Pranay Vakil Co. Limited, Britannia Industries Limited, Amitava Mukherjee Piramal Enterprises Limited and Siemens Director of Praron Consultancy India Pvt. Ltd Limited. Holds Advisory positions at Associated with FICCI Real Estate Committee 20 years of Investment Banking experience A c c e n t u re S e r v i c e s P v t . L i m i t e d , Served as Managing Director and Board Pricewaterhouse Cooper Pvt. Limited, Indian Served as Chairman of Knight Frank India member both at Lazard India and Ambit School of Business and World Gold Council Corporate Finance
S. Narayan Amit B. Choudhury Served as Economic Advisor to the Prime Serves on the Board of Godrej Industries Minister of India Limited, Vora Soaps Limited, Wadala Serves on the Board of Directors at Apollo Commodities Limited and Godrej Agrovet Tyres Limited and Dabur India Limited Limited
8 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 AGENDA
Godrej Properties Introduction 01 Real Estate Sector Overview 02
Business Overview 03
Financial Overview 04
Annexure 05
9 I GODREJ PROPERTIES I CORPORATE PRESENTATION STRONG MACRO ECONOMIC FACTORS
Values in Millions
Strong Growth in Urbanization Increase in Working Population by 2030
157 60.0% 1,800 1,566 1,620 1,476 1,600 50.0% 1,353 1,400 1,206 50.3% 40.0% 1,200 1,042 44.8% 31 869 39.5% 1,000 30.0% 6 555 699 34.8% 30.9% 800 376 450 20.0% 25.5% 27.7% 600 23.1% 19.8% 400 (26) 10.0% 17.0% 17.9% 200 0.0% - (99) 1950 1960 1970 1980 1990 2000 2010 2020E 2030E 2040E 2050E India Indonesia Brazil China USA Population (MN) Urbanization (%)
Source: World Bank Report, UN Population Source: World Bank Report, UN Population
Values in Millions 13 Cities to have population of >4 mn by 2030 Significant Headroom for Increase in Mortgage
Vadodara 4.2 Kanpur 4.2 93% 86% Nagpur 5.2 73% Jaipur 5.4 Surat 7.4 Ahmedabad 8.4 39% Hyderabad 9.8 33% 24% Pune 10 Bengaluru 10.1 7% 10% 2% 3% Chennai 11 A Kolkata 22.9 K S U U India Brazil Africa Delhi (NCT) 25.9 Japan Russia Mexico
Mumbai (MMR) 33 Australia Hong Kong South
Source: India Urbanization Econometric Model; MckInsey Global Institute Analysis Source: World Bank Report (2014)
10 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 SHORT TERM TRENDS
GDP Growth Easing Interest Rate Regime
8.2%
10.0% 3,500 8.0% 9.8% 3,182 9.8% 2,908 2,673 3,000 7.8% 9.6% 2,447 9.4% 2,248 2,500 9.4% 2,048 9.2% 7.6% 9.2% 2,000 8.9% 9.0% 8.8% 1,500 7.4% 8.8% 9.1% 1,000 Decline of 50 bps in repo rate 8.6% 7.2% over the last 6 months 8.4% 500 7.0% 8.2% - 2014 2015E 2016E 2017E 2018E 2019E 6.8% -13 -14 -15 -14 -15 Jul-13 Jul-14 Apr Apr Apr Oct-13 Jan-14 Oct-14 Jan-15 Jun-13 Jun-14 Feb-14 Feb-15 Mar Mar Aug-13 Sep-13 Nov-13 Dec-13 Aug-14 Sep-14 Nov-14 Dec-14 May-13 May-14 May-15
GDP (Current Prices, USD Bn) GDP Growth (%)
Source: IMF Estimates Source: RBI, Ministry of Statistics, Govt. of India
Easing Inflationary Environment Improving Per Capita
6.00 6.18 2,366 5.55 5.66 5.41 2,191 5.03 2,040 Decline in inflation due 1,893 1,761 3.74 to dropping global 1,626 2.38 commodity prices 1.66
(0.17) (0.50) (0.95) (2.06) (2.23) 2014 2015E 2016E 2017E 2018E 2019E Jul-14 Apr-14 Oct-14 Apr-15 Jun-14 Jan-15 Mar-14 Mar-15 Feb-15 Nov-14 Dec-14 Aug-14 Sep-14 May-14
Values are for Per Capita in Current USD terms
Source: Ministry of Statistics Source: IMF Estimates
11 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 AGENDA
Godrej Properties Introduction 01
Real Estate Sector Overview 02 Business Overview 03
Financial Overview 04
Annexure 05
12 I GODREJ PROPERTIES I CORPORATE PRESENTATION STRENGTHS
Godrej ranked as the 2nd most trusted Indian brand in the 2013 Brand Trust Report1 Godrej Brand 600 million people use a Godrej product every day2 GPL brings the Godrej brands reputation for trust and quality to the real estate sector
Effective Competitive advantage in executing joint development projects Land Sourcing Model Asset light, capital efficient and high ROE development model
Strong 3 Added 21 projects with ~28.9 million sq.ft. saleable area in the last three years Project Pipeline Access to Groups land bank across India (e.g. Vikhroli)
Strong independent Board committed to best practices of corporate governance with Corporate focus on investor interests and shareholder value Governance GPL benefits from trust amongst stakeholders in realty market that is characterized by opaque practices
Confidence of capital markets: Demonstrated by successful IPO, IPP, Residential Co-investment Access to Platform and Rights issue Capital Project level equity dilution to mitigate risk and remain capital efficient Low bank funding rates for GPL
1. Brands ranked higher than Godrej: Nokia, Samsung, Sony, BMW & Tata Tea 2. Based on Godrej Group Internal Study 3. Total saleable area under projects, irrespective of the revenue / profit / area sharing arrangement.
13 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 STRATEGY
Leverage Brand & Leverage long standing business associations: Customers, JV partners and financial community Group Access to group resources, systems and structured group wide processes Associations
Focused Focus on residential development in Tier-I cities Residential
Developer Selectively pursue quality opportunities in Tier - II cities
Joint Pursue joint development model across high growth markets Established relationships and trust in the brand provide access to projects at reasonable valuations Development Remain asset light by focusing on land sourcing, project execution & marketing
Superior Focus on selecting projects with lower turnaround time Execution Outsource non core functions like construction & design to best in class associates
Equity Engage equity partners for project level investments Partnership Pursue scale and mitigate risk without affecting GPLs development rights
Focus on All new developments propose to achieve green building certification Sustainable Development Projects benchmarked to leading global sustainability practices
14 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 DEMONSTRATED ABILITY TO ADD NEW PROJECTS
Added 31 new projects with saleable area of ~38 mn sq.ft. since FY12
Location Projects Estimated saleable area* Godrej Oasis, Gurgaon 1.2 mn. sq.ft. Godrej Platinum, New Delhi 0.85 mn. sq.ft. NCR Godrej Aria, Gurgaon 1.6 mn. sq.ft. Godrej Summit, Gurgaon 2.04 mn. sq.ft.
Devanahalli 5.00 mn. sq.ft. 4 Godrej United, Whitefield 1.00 mn. sq.ft. NCR BENGALURU Godrej E-City 1.00 mn. sq.ft. Whitefield 0.85 mn. sq.ft. Godrej Park, Bhandup 0.77 mn. sq.ft. Godrej City, Panvel 4.70 mn. sq.ft. Godrej Links, Ghatkopar 0.20 mn. sq.ft. Godrej Sky, Byculla 0.3 mn. sq.ft. 2 KOLKATA Currey Road 0.12 mn. sq.ft. Godrej Palms 0.13 mn. sq.ft. 1 NAGPUR Sundar Sangam, Malad 0.10 mn. sq.ft. MUMBAI 15 MUMBAI Godrej Prime, Chembur 0.75 mn. sq.ft. 3 Godrej Central, Chembur 0.68 mn. sq.ft. PUNE Godrej BKC 1.00 mn. sq.ft. 1 HYDERABAD Godrej Platinum, Vikhroli 0.62 mn. sq.ft. G&B, Vikhroli 0.80 mn. sq.ft. G&B, Vikhroli 1.20 mn. sq.ft. G&B Lawkim, Thane 0.30 mn. sq.ft. 4 BENGALURU Badlapur 1.25 mn. sq.ft. NAGPUR Godrej Anandam 2.76 mn. sq.ft. 1 CHENNAI Godrej Infinity 2.40 mn. sq.ft. PUNE Godrej Prana 1.50 mn. sq.ft. Godrej Horizon 0.67 mn. sq.ft. CHENNAI Godrej Azure 1.00 mn. sq.ft.
Joka 3.00 mn. sq.ft. KOLKATA Godrej Platinum, Alipur 0.14 mn. sq.ft.
HYDERABAD Moosapet 0.14 mn. sq.ft.
15 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 SALES & BOOKING MOMENTUM
Highest ever annual residential sales by GPL with booking value of INR 2,398 Cr in FY15
Booking Area (mn sq.ft.) Booking Value (INR Cr.) CAGR - 14% CAGR - 18%
4.5 3000 4.08 2,762 2,681 4 3.88 2500 2,438 3.5 2.97 3 2000 2.58 2.5 1,612 1500 2
1.5 1000 1 500 0.5
0 0 FY12 FY13 FY14 FY15 FY12 FY13 FY14 FY15
16 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 GEOGRAPHIC MIX
Focus on residential development in Tier-I cities
GPL Residential Portfolio
GPL Residential Portfolio FY12 : 57 Mn. sq.ft. (81% of the total portfolio)
GPL Residential Portfolio FY15 : 82 Mn. sq.ft. (89% of the total portfolio)41%
36%
22% 22% 18% 16% 17% 15% 12% 7% 7% 4% 5% 5% 4% 4% 5%
FY12 FY15 FY12 FY15 FY12 FY15 FY12 FY15 FY12 FY15 FY12 FY15 FY12 FY15 FY12 FY15 Bangalore Mumbai NCR Pune Ahmedabad Chennai Kolkata Other Cities
17 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 ESTABLISHING LEADERSHIP POSITIONS IN KEY MARKETS
GPL - Market leader in Gurgaon
Sales in Gurgaon grew by 502% YoY in FY15 to over 1 million sq. ft. despite a weak NCR market
Launched two new projects: Godrej Oasis and Godrej Aria
Sold the entire launched inventory of 213 apartments at Godrej Oasis and 250 apartments at Godrej Aria
Fastest launch in the history of GPL L aunched Godrej Aria within 4 months of signing the Development Agreement
Delivered Godrej Frontier - First residential project in NCR Handed over 236 apartments at Godrej Frontier in FY15
Godrej Frontier Godrej Oasis Godrej Aria
18 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 KEY PROJECTS: THE TREES VIKHROLI, MUMBAI
Flagship project of Godrej Properties
19 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 KEY PROJECTS: GODREJ GARDEN CITY, AHMEDABAD
GGC has been the most successful project in Ahmedabad since its launch in March, 2010
20 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 KEY PROJECTS: GODREJ CENTRAL, MUMBAI
Over 200 apartments sold in a single day at the launch of GPLs first redevelopment project
21 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 STRONG DESIGN AND EXECUTION CAPABILITIES
GPL collaborates with the best architects and design partners from India and around the world
Skidmore, Owings & Merrill Architects, USA
BURJ KHALIFA, DUBAI GODREJ BKC, MUMBAI
Sasaki Associates, USA
BEIJING OLYMPIC MASTERPLAN THE TREES, MUMBAI
Pelli Clarke Pelli Architects, USA
PETRONAS TOWERS, KUALA LUMPUR GODREJ ONE, MUMBAI
22 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 AWARDS & RECOGNITIONS
GPL has received over 100 awards in the past three years
FY2012 FY2013 FY2014 FY2015 12 awards 20 awards 28 awards 59 awards
Best Emerging National Popular Choice Developer of the Year Most Reliable Builder Developer Developer of the year, Indian Realty Awards 2013 Residential CNBC AWAAZ Real Estate Zee Business -RICS Real Awards 2014 Estate ET Now Awards Top 10 Innovative Builders Asia's most promising Corporate Governance of Real Estate Company, Construction World Architect brand the Year, 2011 2013 and Builder Awards, 2013 World Consulting & Research Accommodation Times Construction Week India Corporation Awards Ranked #1 in the Real Estate Ranked #1 in the Real Estate Ranked #1 in the Real Estate Ranked #1 in the Real Estate and Construction Sector and Construction Sector and Construction Sector and Construction Sector In a study by the Great Places In a study by the Great Places In a study by the Great Places In a study by the Great Places to Work Institute, India in to Work Institute, India in to Work Institute, India in to Work Institute, India in partnership with ET partnership with ET partnership with ET partnership with ET Godrej Platinum, Bangalore: Most Promising Brand of Godrej Garden City, Godrej One, Mumbai: Luxury Project of Year the year (Residential Real Ahmadabad British Safety Council Bangalore Real Estate Estate Developers) Asia’s Most Admired Brand, International Award Awards 2013 World Brands Summit 2014 Asia Leadership Awards 2011 Godrej Waterside, The Trees, Mumbai Kolkata Godrej Garden City, Best Commercial Project, Honour Award, The Boston Ahmadabad: The CNBC Awaaz Real Society of Landscape Gold Award: 3 Asian Consumer Estate Awards Architects Engagement Forum Awards
23 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 COMMITMENT TO SUSTAINABLE DEVELOPMENT
Every Godrej Properties project is planned as a certified green project
Actual photograph Actual photograph Godrej One, Mumbai Godrej Eternia, Chandigarh Godrej BKC, Mumbai Godrej Platinum, Mumbai LEED PLATINUM pre-certified LEED PLATINUM pre-certified LEED PLATINUM pre-certified IGBC PLATINUM pre-certified
Actual photograph Actual photograph Godrej Palm Grove, Chennai Godrej Gold County, Bengaluru Godrej Horizon, Pune Godrej Waterside, Kolkata IGBC GOLD pre-certified IGBC GOLD pre-certified IGBC GOLD pre-certified LEED GOLD pre-certified
24 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 AGENDA
Godrej Properties Introduction 01
Real Estate Sector Overview 02
Business Overview 03 Financial Overview 04
Annexure 05
25 I GODREJ PROPERTIES I CORPORATE PRESENTATION ROBUST GROWTH DELIVERED
Total Income (INR Cr.) Net Profit* (INR Cr.) 2500 CAGR - 33% 250 CAGR - 25%
1,927 2000 200 191 159 1500 150 138 1,254 1,048 98 1000 820 100
500 50
0 0 FY12 FY13 FY14 FY15 FY12 FY13 FY14 FY15
*After minority interest
26 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 CONSOLIDATED INCOME STATEMENT
FY 2015 FY 2014 FY 2013 FY 2012 Particulars (INR Cr) (INR Cr) (INR Cr) (INR Cr)
Total Income 1,926.6 1,254.2 1,047.6 819.8
EBITDA 3,40.7 357.6 296.2 207.7
Profit before tax 326.0 347.4 288.9 198.6
Profit after tax 235.6 236.3 197.3 128.8
Minority Interest (44.7) (76.8) (58.9) (30.9)
Net Profit after tax 190.9 159.4 138.4 97.9
27 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 CONSOLIDATED BALANCE SHEET
FY 2015 FY 2014 FY 2013 FY 2012 Particulars (INR Cr) (INR Cr) (INR Cr) (INR Cr)
Share Capital 99.7 99.1 78.1 78.0
Reserv es and Surplus 1,747.2 1,694.3 1,350.9 1,364.6
Minority Interest 227.9 203.1 105.9 46.7
Non - Current Liabilities 573.1 290.1 378.7 192.2
Curr ent Liabilities 4,715.2 3,860.2 2,765.2 3,027.7
Sources of Funds 7,363.1 6,146.7 4,678.8 4,709.2
Fixed Assets 189.8 125.5 86.1 65.0
Non - Current Assets (exc. Fixed Assets) 198.6 136.8 90.9 71.3
Def erred Tax Assets (net) 4.5 2.2 4.3 3.1
Cash and Bank Balances 695.4 871.0 170.7 532.3
Current Assets (excl. cash & bank balance) 6,274.8 5,011.2 4,326.8 4,037.6
Uses of Funds 7,363.1 6,146.7 4,678.8 4,709.2
28 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 AGENDA
Godrej Properties Introduction 01
Real Estate Sector Overview 02
Business Overview 03
Financial Overview 04 Annexure 05
29 I GODREJ PROPERTIES I CORPORATE PRESENTATION A. RESIDENTIAL PROJECTS
Est. Saleable Project Name S.No Location Asset Class Area (mn sq.ft.) Business Model Status
Phase I to IV: Area Based 73.6% 1 Godrej Garden City* Ahmedabad Residential 18.08 Ongoing Phase V onwards: Revenue Based 67.6%
2 Devanahalli Bangalore Residential 5.00 Profit Sharing 50% Forthcoming
3 Godrej E City Bangalore Residential 1.00 DM Fee 11.0% of Revenue Ongoing
4 Godrej United Bangalore Residential 1.00 DM Fee 11.0% of Revenue Ongoing
5 Whitefiield Bangalore Residential 0.85 Profit Sharing 40% Forthcoming
6 Tumkur Road Bangalore Residential 0.79 Revenue Based 78.0% Forthcoming
GPL Owns 100% Equity in project specific Godrej Platinum Bangalore Ongoing 7 Residential 0.60 company
8 Godrej Gold County Bangalore Residential 0.29 Revenue Based 63.0% Ongoing
Area Based 70.0% (for 12.57 acres),68.0% 9 Godrej Palm Grove Chennai Residential 2.51 Ongoing (for 4.82 acres)
10 Godrej Azure Chennai Residential 1.00 Profit Sharing 44.5% Forthcoming
11 Godrej Summit Gurgaon Residential 2.04 Area Based 65.0% Ongoing
Revenue Based 65.0% (GPL owns 25.1% 12 Godrej Aria Gurgaon Residential 1.60 Ongoing of equity in the project specific company)
13 Godrej Oasis Gurgaon Residential 1.20 Profit Sharing 38.0% Ongoing
14 Godrej Frontier Gurgaon Residential 0.42 Revenue Based 70.0% Ongoing
15 Godrej Oasis** Hyderabad Residential 4.87 Land is owned by GPL Forthcoming
* Primarily a residential project with a portion of commercial saleable area ** Applied for permission to convert commercial saleable area of the project to residential saleable area
30 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 A. RESIDENTIAL PROJECTS
Est. Saleable S.No Project Name Location Asset Class Business Model Status Area (mn sq.ft.) 16 G&B Moosapet Hyderabad Residential 2.22 DM Fee 10.0% of Revenue Forthcoming
17 Kochi Project Kochi Residential 2.24 Revenue Based 70.0% Forthcoming
18 Joka Kolkata Residential 3.00 Profit Sharing 46% Forthcoming GPL 51.0% Equity in project specific Godrej Prakriti Kolkata Residential 2.20 Ongoing 19 company
20 Godrej Platinum Kolkata Residential 0.17 Revenue Based 45% Ongoing
21 Godrej Alpine Mangalore Mixed Use 0.64 Area Based for residential area 71.5% Ongoing Revenue Based 87.5%. GPL owns 51.0% of Godrej Central Mumbai Residential 0.68 Ongoing 22 equity in the project specific company
23 Godrej Platinum Mumbai Residential 0.46 DM Fee 10.0% of Revenue Ongoing
24 Kalyan Mumbai Residential 0.48 Revenue Based 95.0% Forthcoming
25 Godrej Park Mumbai Residential 0.77 Revenue Based 56.5% Forthcoming
26 Badlapur Mumbai Residential 1.30 DM Fee 10.0% of Revenue Forthcoming
Godrej City Profit Based 35.0% with upside promote to Ongoing 27 Mumbai Residential 4.30 JV partner above Rs.1,000 GPL PBT per sq.ft.
28 The Trees Mumbai Mixed Use 0.88 Profit Based 60.0% Forthcoming
29 G&B, Vikhroli Mumbai Residential 0.80 DM Fee 10% of Revenue Forthcoming
30 G&B, Vikhroli Mumbai Mixed Use 1.20 DM Fee 10% of Revenue Forthcoming DM Fee Rs 50 cr, with upside promote Godrej Sky Forthcoming 31 Mumbai Residential 0.30 to GPL above certain price threshold
32 G&B Lawkim, Thane Mumbai Residential 0.27 Profit Based 32.0% Forthcoming
31 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 A. RESIDENTIAL PROJECTS
S.No Project Name Location Asset Class Est. Saleable Business Model Status Area (mn sq.ft.) 91.0% Revenue Sharing (GPL owns 51% Godrej Prime Forthcoming 33 Mumbai Residential 0.75 of equity in the project specific company)
GPL to construct space for society in 34 Godrej Links Mumbai Residential 0.19 Forthcoming lieu of saleable area
35 Godrej Serenity1 Mumbai Residential 0.18 Revenue Based 50.0% Ongoing
36 Godrej Palms1 Mumbai Residential 0.13 Area Based 47.5% Ongoing
37 Currey Road Mumbai Residential 0.12 DM Fee 10.0% of Revenue Forthcoming
Sundar Sangam GPL to construct space for society in Forthcoming 38 Mumbai Residential 0.10 lieu of saleable area
Profit Based 50.0% (from 85.0% of Godrej Edenwoods Ongoing 39 Mumbai Residential 0.03 revenue for this project)
PMC Fee Rs 400/sq.ft. for 7.7 lac sq.ft. Revenue 40 Godrej Anandam Nagpur Residential 2.35 Based agreement for remaining area : First 1 million Ongoing sq.ft. 62.0% (GPL) & next 1 million sq.ft. 57% (GPL)
Godrej Platinum Revenue Based 52.5% (GPL owns 25.1% Forthcoming 41 NCR Residential 0.85 of equity in the project specific company)
Share in project specific company 11.09%, 42 Bhugaon Township Pune Residential 9.44 Development manager fee Rs 162/sq.ft., Forthcoming Profit sharing if profits exceed certain threshold
43 Godrej Infinity Pune Residential 2.80 Profit Sharing 35% Forthcoming
44 Godrej Prana Pune Residential 1.50 GPL Profit Share 40.0% Ongoing
45 Godrej Horizon Pune Residential 0.54 Profit Based 51.0% Ongoing
1. Increase in area due to change in DCR regulations
32 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 B. COMMERCIAL PROJECTS
Est. Saleable S.No Project Name Location Asset Class Business Model Status Area (mn sq.ft.) First 1 million sq.ft. 63.6% Revenue Based 1 Godrej Garden City* Ahmedabad Residential 2.40 Ongoing Subsequent area 67.6% Revenue Based
2 Godrej Eternia Chandigarh Commercial 0.50 Revenue Based 54% Ongoing
3 Godrej Oasis** Hyderabad Residential 0.44 Land is owned by GPL Forthcoming
GPL owns 51.0% Equity in project 4 Godrej Prakriti Kolkata Residential 0.42 Forthcoming specific company
5 Godrej Genesis Kolkata Commercial 1.34 Area Based 62.0% Ongoing
Revenue Based 71.5% for 6 Godrej Alpine Mangalore Residential 0.25 Forthcoming commercial area
7 The Trees Mumbai Mixed Use 1.86 Profit Based 60.0% Ongoing
8 Godrej BKC Mumbai Commercial 1.20 Profit Based 50.0% Ongoing
9 Kalyan Mumbai Residential 0.06 Revenue Based 95.0% Forthcoming
Share in project specific company 11.09%, Development manager fee INR.162/sq.ft., 10 Bhugaon Township Pune Residential 2.36 Forthcoming Profit sharing if profits exceed certain threshold GPL owns 51.0% of equity in project 11 Godrej Genesis Pune Commercial 0.48 Forthcoming specific company, Revenue Based 58.0%
*Primarily a residential project with a portion of commercial saleable area **Applied for permission to convert commercial saleable area of the project to residential saleable area
33 I GODREJ PROPERTIES I CORPORATE PRESENTATION 2015 THANK YOU
34 I GODREJ PROPERTIES I CORPORATE PRESENTATION