Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Accord Fintech
Godrej Properties rises on inking agreement to develop 33 acre project in Bengaluru
News By Tags | #1162 #765 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Godrej Properties is currently trading at Rs. 1640.00, up by 18.40 points or 1.13% from its previous closing of Rs. 1621.60 on the BSE.

The scrip opened at Rs. 1651.00 and has touched a high and low of Rs. 1651.00 and Rs. 1628.45 respectively. So far 2481 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. 1200.10 on 06-May-2021.

Last one week high and low of the scrip stood at Rs. 1651.00 and Rs. 1535.15 respectively. The current market cap of the company is Rs. 45078.54 crore.

The promoters holding in the company stood at 58.43%, while Institutions and Non-Institutions held 33.94% and 7.63% respectively.

Godrej Properties has entered into an agreement to develop a 33 acres land parcel in the residential micro-market of Bannerghatta Road in South Bengaluru. The agreement is for an outright purchase with around 5% area share to the landowners.

Bannerghatta Road is one of the established residential locations in South Bengaluru and has excellent connectivity to the Bannerghatta Main Road and the IT/ITES belt in Electronic City. In addition, the site is in close proximity to several other key hubs of the city and offers an extremely well-developed social and civic infrastructure with multiple schools, hospitals, retail, residential, and commercial spaces in close proximity.

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.