Godrej Properties gains on acquiring 47-acre land parcel in South Chennai
Godrej Properties is currently trading at Rs. 1845.60, up by 15.10 points or 0.82% from its previous closing of Rs. 1830.50 on the BSE.
The scrip opened at Rs. 1826.60 and has touched a high and low of Rs. 1845.95 and Rs. 1826.60 respectively. So far 6459 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2410.65 on 22-Jul-2025 and a 52 week low of Rs. 1434.00 on 02-Apr-2026.
Last one week high and low of the scrip stood at Rs. 1885.00 and Rs. 1761.90 respectively. The current market cap of the company is Rs. 55425.58 crore.
The promoters holding in the company stood at 51.66%, while Institutions and Non-Institutions held 34.37% and 13.98% respectively.
Godrej Properties has acquired around 47-acre land parcel through an outright purchase which is located off Old Mahabalipuram road (OMR), one of the fast-growing micro markets in South Chennai. The proposed development on this land will comprise primarily plotted residential units and is expected to offer a developable potential of around 1.2 million square feet, with an estimated revenue potential of around Rs 500 crore (on the basis of current business assumptions).
The site is well connected via OMR, providing access to key employment hubs across the Siruseri-Kelambakkam corridor, including SIPCOT as well as emerging nodes such as Vandalur, Guduvanchery, and the wider Mahabalipuram region. The location is supported by a steadily evolving social infrastructure, with access to healthcare facilities, educational institutions, retail, and entertainment options, contributing to its growing appeal as a residential destination.
