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Talking about the second round of fund-raising, Godrej said, “We have a strong capital position. In the next 2-3 years, we are also looking to raise more equity.” The firm plans to tie up with microfinance institutions for financing affordable housing.

Godrej Properties hit the capital market with a Rs 500 crore offer in December.“Property development is a major focus area for us.We are also betting big on affordable housing costing less than Rs 20 lakh,” said Adi Godrej, chairman of the Godrej group, who was in Bangalore on Friday to attend a brand summit organised by CII.The company is also developing a project with actor Sanjay Khan’s Skystar group.It has signed another JV with its agri-business arm — Godrej Agrovet — to develop over 10 million sft over 100 acres.

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