Godrej Properties gains on selling homes worth over Rs 1,000 crore at launch of project in Hinjewadi
Godrej Properties is currently trading at Rs. 1949.30, up by 11.45 points or 0.59% from its previous closing of Rs. 1937.85 on the BSE.
The scrip opened at Rs. 1917.55 and has touched a high and low of Rs. 1962.45 and Rs. 1903.85 respectively. So far 4695 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-July-2024 and a 52 week low of Rs. 1,903.85 on 28-Feb-2025.
Last one week high and low of the scrip stood at Rs. 2037.65 and Rs. 1903.85 respectively. The current market cap of the company is Rs. 59024.44 crore.
The promoters holding in the company stood at 46.50%, while Institutions and Non-Institutions held 40.25% and 13.25% respectively.
Godrej Properties (GPL) has sold inventory worth over Rs 1,000 crore in its project, Godrej Evergreen Square, located in Hinjewadi, Pune. Launched in November 2024, within 4 months of acquiring the land, this is GPL’s most successful launch ever in Pune in terms of the value and volume of sales achieved.
Godrej Evergreen Square has a developable potential of around 2.41 million square feet with an estimated revenue potential of approximately Rs 2045 crore. This is one of GPL's large residential developments and significantly enhances its presence in the western suburbs of Pune.
Hinjewadi is an established residential location in Pune that provides access to well-developed social and civic infrastructure with multiple schools, health facilities, retail malls, and entertainment outlets. The area provides good connectivity to the Mumbai-Bangalore Highway, Mumbai-Pune Expressway, Metro & other major parts of the city. The introduction of a metro line connecting Hinjewadi to Shivaji Nagar, with a metro station just 2 minutes away from the project, will significantly reduce travel time, enhancing the area's connectivity and making daily commuting more convenient.
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.
