Approval delays in Mumbai and Pune due to elections
Upcoming elections in Maharashtra could delay project approvals in Mumbai and Pune, impacting launch timelines.
Godrej Properties · Material risks, their source context, and severity in the latest available quarter.
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Upcoming elections in Maharashtra could delay project approvals in Mumbai and Pune, impacting launch timelines.
The Ashok Vihar project in NCR is delayed due to tree removal court cases, with no clear timeline. Management now expects launch by Q4 FY25 at best.
The sharp increase in booking volume (8.99 msf in Q1) raises questions about delivery pace. Management has invested in execution capabilities but risks remain.
Godrej Reserve faces potential approval issues (though management says no notice received), and a 10-year-old Chandigarh project received a notice regarding OC revocation.