Godrej Properties (GPL), the real estate arm of the Godrej Group, announced today that The India Risk Management Awards has recognized Godrej Properties as the Masters of Risk in the real estate category.

For the last six years, The India Risk Management Awards have been recognizing and celebrating those organisations and teams that have significantly added to the understanding and practice of risk management.

Currently, in its 7th edition, the India Risk Management Awards this year aim to support corporations to navigate through business risks and put a spotlight on how Companies can devise and deploy a 'Boundary-less Risk Management' architecture that can augment the strength of businesses in the new normal.

Pirojsha Godrej, Executive Chairman, Godrej Properties, said, "We are very pleased to have received this recognition from India Risk Management Awards. Good governance has always been an integral part of our values at Godrej and this recognition will motivate our team to continue to improve our risk management and compliance standards across all parts of our operations."

V. Swaminathan, Head- Corporate Audit & Assurance, Godrej Group, said, "We would like to thank India Risk Management Awards for this recognition. At Godrej Properties, Risk management is a critical business imperative and we have set up an effective risk management enterprise framework at GPL that has helped us exceed stakeholder expectations over the years and we look forward to further strengthen this process in the years to come."

Shares of the company gained Rs 11.3, or 0.76%, to trade  at  Rs 1,491.80.  The total volume of shares traded  was  21,991 at  the BSE (3.05 p.m, Friday).