Godrej Splendour - Apartments for sale
Godrej Splendour is a brand that represents something larger than life and something bigger than any individual. The developer Godrej Properties is one of the most trusted names in the real estate market. The company has received several awards for its achievements. Besides being top-of-the-line, the establishment offers a range of modern amenities and facilities to cater to the needs of the rising generation of young people.
We invite you to indulge yourself in the exclusive Ikigai clubhouse, a Japanese club built in the spirit of Ikigai, a Japanese-style clubhouse. The Master Boat Club is a 55 thousand foot long boat club that is tucked away on the riverbanks of the Mula river and can accommodate up to 5,000 customers at a time. It’s a first-of-its-kind facility in the city; a 3,000+ square foot wellness span that invites you into a world of fitness and health.
In the vicinity of the premises, there is an amazing three-hectare recreation zone which is surrounded by the most wonderful surroundings. It is also characterized by vending machines dedicated to food, RO systems in every home, and other unique settings that make it the best in the world.
Godrej Splendour Properties has “first refusal rights” to the 4,000 acres of mangroves owned by Godrej Industries. Godrej Properties and Godrej Industries had an LLP for 35 acres which were to be developed for 28,00,000 square feet. In terms of built-up area, Godrej Industries would own 40%, and 60:40 would be shared 60:40.
By issuing new shares in the company, Godrej Properties swapped 1.674 crore shares for 11.2 lakh square feet. At a value of about 385-400 crore, the company acquired 11.2 lakh square feet for 3,571 rupees per square foot. A typical apartment in Vikhroli currently trades at about 12,000+ rupees. The company has only paid 25% of the realizable sale value or 50% of the construction and land costs.
As a Godrej property owner, I always feel a warm feeling whenever I think of them. The company’s prospects are not changing, and the developed area has increased, as well as the new Real Estate Bill, which also favors companies like Godrej Properties, but this habit of continuous incessant dilution of equity makes me wonder if Godrej Properties is just painting with numbers to make a profit.
As an owner of a Godrej property, every time I thought about it, we used to get a warm feeling in our hearts. Even though the company’s prospects have not changed and its developable area has increased and the new Real Estate Bill has been largely in favor of companies such as Godrej Property, this habit of continuous dilution of equity in Godrej Property makes me wonder if Godrej Property is just painting with numbers here.