Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Real estate being the largest hit sector in pandemic and after Covid-19 easing the sector is picking up especially in the mid sector. Godrej properties are betting more on residential projects and commercial products in mid segments. We expect the outperformance of the company to continue for the upcoming quarters.