Godrej Properties Terminates 17-Year-Old Kochi Land Development Agreement

Godrej Properties Ltd has officially cancelled its long-standing land development agreement with TCM Limited for a project in Thrikkakara, Kochi. The agreement, originally signed on February 15, 2008, was terminated on March 3, 2025. Godrej Properties assured investors that this cancellation would have no material impact on its financials, operations, or other business activities. The move comes as part of the company's strategic portfolio review. Despite this development, Godrej Properties' shares closed at ₹1,994.75 on the BSE, up 3.02%, indicating continued investor confidence. The company recently reported strong Q3 FY25 results, with a net profit of ₹162.6 crore and revenue of ₹968.9 crore.

 

Sources: BSE, NSE, Godrej Properties regulatory filing, CNBC TV18