Godrej Properties net jumps 70%

Godrej Properties has posted a 70 per cent increase in net profit at Rs 17 crore (Rs 10 crore) for the quarter ended June 30. Total income increased to Rs 233 crore (Rs 135 crore). Mr Adi Godej, Chairman, said the company has tied up with a Dutch pension fund APG-led global consortium of investors for a Rs 770-crore funding for developing residential properties. Godrej Properties would bring in 29 per cent equity.