Godrej Properties rises after being declared as highest bidder for land parcel in Noida
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Godrej Properties is currently trading at Rs. 2510.45, up by 18.55 points or 0.74% from its previous closing of Rs. 2491.90 on the BSE.
The scrip opened at Rs. 2505.75 and has touched a high and low of Rs. 2524.10 and Rs. 2492.00 respectively. So far 5675 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2541.00 on 04-Mar-2024 and a 52 week low of Rs. 1005.70 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2541.00 and Rs. 2335.60 respectively. The current market cap of the company is Rs. 69800.92 crore.
The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 34.42% and 7.09% respectively.
Godrej Properties (GPL) has been declared the highest bidder and has secured the allotment letter to develop a prime land parcel in Noida through an e-auction conducted by the Noida Authority. Spread over around 6.46 acres, the land is strategically located in Sector 44, one of the most prime locations in Noida.
The land parcel will offer around 1.4 million square feet of development potential and an estimated revenue potential of around Rs 3,000 crore comprising premium residential apartments of varied configurations. This will be the sixth project of Godrej Properties in Noida. With its well-planned infrastructure, wide roads, and proximity to Delhi, Noida offers a high-quality lifestyle and good connectivity.
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.
