One particular model of property development that GPL has employed is the joint-venture model, in which GPL works with a landowner to develop a property under a profit sharing, revenue sharing, or area-sharing arrangement. Under a profit-sharing arrangement, all the costs associated with the project (construction costs, interest on working capital, etc.) are debited to the project account, after which the net profit is shared between Godrej Properties and the landowner in a predetermined ratio.
The revenue-sharing model allows the landowner and GPL to share the accruals from the sales proceeds in a predetermined ratio. An area-sharing model is one in which the constructed areas of the development are shared in a predetermined ratio.

Combining the landowner’s asset with GPL’s expertise in property development is a win-win situation for both partners. Our experience has shown that this model delivers the landowner greater profits than an outright sale of the property. Godrej Properties bears the financial burden of the construction and is responsible for managing and marketing the project. Additionally, landowners receive the benefits of the Godrej brand name and customer trust associated with the brand when selling the completed development.

GPL would like to invite landowners who believe that a joint venture with Godrej Properties is an option to explore further. Due to company policy, we request that only landowners with projects with a minimum developable area of one-lakh square feet contact us. Thank you for your interest and GPL looks forward to hearing from you in the near future. Please email us at land@godrejproperties.com.