Godrej Properties gains on eyeing to launch luxury housing project in Delhi in March quarter
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Godrej Properties is currently trading at Rs. 1290.75, up by 3.25 points or 0.25% from its previous closing of Rs. 1287.50 on the BSE.
The scrip opened at Rs. 1295.90 and has touched a high and low of Rs. 1302.80 and Rs. 1281.50 respectively. So far 20406 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2240.00 on 26-Nov-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. 1302.80 and Rs. 1252.00 respectively. The current market cap of the company is Rs. 35942.55 crore.
The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 32.04% and 9.48% respectively.
Godrej Properties is eyeing to launch a luxury housing project at Ashok Vihar in the national capital (Delhi) in March quarter and is eyeing Rs 8,000 crore of sales revenue from this property. It had in February 2020 acquired a nearly 27-acre land in the national capital for Rs 1,359 crore to develop a luxury housing project.
The land parcel belonged to Rail Land Development Authority (RLDA). The company is still awaiting the final approval to start the work and sales of its upcoming housing project at Ashok Vihar.
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.
