Godrej Properties inches up on acquiring 7-acres land parcel in Bengaluru
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Godrej Properties is currently trading at Rs. 1158.00, up by 1.75 points or 0.15% from its previous closing of Rs. 1156.25 on the BSE.
The scrip opened at Rs. 1142.95 and has touched a high and low of Rs. 1158.00 and Rs. 1142.95 respectively. So far 7880 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2598.00 on 14-Oct-2021 and a 52 week low of Rs. 1130.20 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1286.30 and Rs. 1131.10 respectively. The current market cap of the company is Rs. 32146.17 crore.
The promoters holding in the company stood at 58.43%, while Institutions and Non-Institutions held 32.65% and 8.92% respectively.
Godrej Properties has acquired a land parcel that is strategically located in the immediate vicinity of Indiranagar in Bengaluru and is close to the Old Airport Road and within the Outer Ring Road limits. Spread across approximately 7-acres, the project is estimated to have a developable potential of approximately 0.6 million square feet of saleable area and will be developed as a premium residential project comprising apartments of various configurations.
In addition, the land is in close proximity to major office spaces in CBD-Bengaluru, commercial catchments of Old Airport Road, Outer Ring Road - Whitefield, and Sarjapur belt along with residential hubs such as Indiranagar, Marathahalli, and Domlur
Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.
