Godrej Properties moves up on winning bid for 5-acre land parcel in Kolkata
Godrej Properties is currently trading at Rs. 1699.00, up by 7.35 points or 0.43% from its previous closing of Rs. 1691.65 on the BSE.
The scrip opened at Rs. 1710.90 and has touched a high and low of Rs. 1729.40 and Rs. 1685.40 respectively. So far 19974 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2505.00 on 10-Jun-2025 and a 52 week low of Rs. 1476.05 on 01-Feb-2026.
Last one week high and low of the scrip stood at Rs. 1816.95 and Rs. 1647.00 respectively. The current market cap of the company is Rs. 51134.29 crore.
The promoters holding in the company stood at 47.17%, while Institutions and Non-Institutions held 38.91% and 13.91% respectively.
Godrej Properties has won the bid in an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation (WBHIDCO) for a prime land parcel measuring around 5 acres, located off EM Bypass, Kolkata, a highly desirable and upmarket residential locality in the city. The proposed premium residential development is expected to offer an estimated revenue potential of around Rs 1,650 crore (on the basis of current business assumptions).
The EM Bypass corridor is one of Kolkata’s most well-connected and rapidly developing urban stretches, supported by strong physical and social infrastructure. It links major neighbourhoods such as Salt Lake, New Town, Park Circus, Gariahat, and Garia, enabling seamless access to commercial hubs, IT-ITeS clusters, educational institutions, and leading healthcare facilities across the city. Multiple flyovers, arterial connectors, and its proximity to the under-construction Garia-Airport metro line further enhance connectivity. It also offers convenient road connectivity to Netaji Subhas Chandra Bose International Airport, further strengthening its position as one of Kolkata’s most desirable and future-ready micro markets.
