Announcement under Regulation 30 (LODR)-Press Release / Media Release

Dear Sir/Madam, Please find enclosed a copy of the press release the contents of which are self-explanatory. Kindly take the same on record.

16 days ago

PRESS RELEASE

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Sentiments detected

Positive 9
  • ICRA enhances Godrej Properties rated bank limits to INR 4,500 from INR 2,500 crores Godrej Properties Ltd. (GPL), (BSE scrip

  • id: GODREJPROP), one of India’s leading real estate developers, today announced the enhancement in the rated bank limits to INR 4,500 from INR 2,500 crores by ICRA.

  • Highlights: Credit Rating Limits for bank facilities enhanced to INR 4,500 crore from INR 2,500.

  • Rating for INR 1,500 Crore Commercial Paper (CP) reaffirmed at [ICRA]A1+.

  • NCD Borrowing Program reaffirmed at [ICRA]AA+.

  • in crore) Ratings Rating Actions Long/Short Term - Fund-based/Non basedfund 4,500 [ICRA]AA+(Stable) (long-term rating)(short-term rating)[ICRA]A1+ Reaffirmed/assigned the ratings for the enhanced limit of INR 4,500 crore from INR 2,500 crore Non-Convertible Debenture Program 1,000 [ICRA]AA+ (Stable) Reaffirmed Commercial Paper 1,500 [ICRA]A1+ Reaffirmed

  • In FY 2021, Godrej Properties emerged as the largest developer in India by the value and volume of residential sales achieved.

  • In 2020 and again in 2021, the Global Real Estate Sustainability Benchmark ranked GPL #1 globally amongst listed residential developers for its sustainability and governance practices.

  • In recent years, Godrej Properties has received over 300 awards and recognitions, including the Porter Prize 2019, The Most Trusted Real Estate Brand in the 2019 Brand Trust Report, Builder of the Year at the CNBC-Awaaz Real Estate Awards 2019, and The Economic Times Best Real Estate Brand 2018.

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    Mentioned Phrases & Organizations

    Important keywords detected (20+)

    godrej (10)
    icra (10)
    rating (10)
    properties (9)
    godrej properties (8)
    real (7)
    estate (7)
    real estate (7)
    term (6)
    instruments (6)
    crore (5)
    term rating (5)
    gpl (4)
    stable (4)
    sustainability (4)
    india (3)
    press (3)
    bank (3)
    limits (3)
    long (3)

    Organizations identified (6+)

    Godrej Properties (6)
    ICRA (2)
    Godrej Properties Limited (1)
    NCD (1)
    Godrej Group (1)
    SHLC (1)

    Tables extracted (1)

    InstrumentAmount (Rs. in crore)RatingsRating Actions
    Long/Short Term - Fund-based/Non based fund4,500[ICRA]AA+(Stable) (long-term rating) (short-term rating) [ICRA]A1+Reaffirmed/assigned the ratings for the enhanced limit of INR 4,500 crore from INR 2,500 crore
    Non-Convertible Debenture Program1,000[ICRA]AA+ (Stable)Reaffirmed
    Commercial Paper1,500[ICRA]A1+Reaffirmed

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