| Real Estate Business | Residential, commercial, retail projects via joint ventures and owned developments. | Large land bank in Mumbai with clear titles, reputed JV partners, extensive regulatory experience, and recognized brand. | Retail homebuyers, corporate tenants, investors, and developers (B2C, B2B). | Commercial leasing and profit-sharing in joint developments have higher margins. | 76658 | 68 | Sales of residential units, commercial leasing, profit shares from joint ventures, and project development fees. | Project-based sales, rental income, and revenue sharing in joint ventures. | Urban redevelopment demand, land monetization, strategic partnerships, and phased project completions. | Ten BKC, The Prestige Place, Godrej Avenue Eleven, Codename Bandra West |
| Hospitality Business | Hotel ownership and management, luxury hospitality services. | Premium properties with established global brands and prime locations in Mumbai, Goa, and Delhi. | Business and leisure travelers (B2C). | Luxury segment hotels and event hosting. | 36650 | 32 | Room bookings, banqueting, food & beverage sales, and hotel asset management revenue. | Occupancy-based revenue model and franchise arrangements. | Strategic demerger enabling focused growth and operational efficiency in hospitality. | Hilton Mumbai, Grand Hyatt Goa, St. Regis and Marriott Marquis (Delhi projects) |
