Godrej Properties rises after entering into Vadodara with acquisition of land
Godrej Properties is currently trading at Rs 2109.35, up by 6.60 points or 0.31% from its previous closing of Rs 2102.75 on the BSE.
The scrip opened at Rs 2110.55 and has touched a high and low of Rs 2122.00 and Rs 2089.95 respectively. So far 17371 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 26-Sep-2024 and a 52-week low of Rs 1869.50 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 2222.50 and Rs 2089.95 respectively. The current market cap of the company is Rs 63313.53 crore.
The promoters holding in the company stood at 46.70%, while Institutions and Non-Institutions held 39.61% and 13.69% respectively.
Godrej Properties (GPL) has entered into Vadodara with the acquisition of around 34 acres of land. The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of around 9 lakh square feet. This marks GPL’s second land acquisition in Gujarat in the last one year, further solidifying its presence in the state. Earlier, in October 2024, the company had acquired a around 3-acre parcel in Vastrapur, Ahmedabad.
Located on Ajwa Road, a rapidly growing real estate corridor featuring multiple villas and plotted developments, the land enjoys excellent connectivity to key landmarks in Vadodara, supported by robust infrastructure. The area offers seamless access to major commercial hubs and other significant nodes of the city and is situated close to renowned educational institutions and leisure attractions. Its proximity to Vadodara Airport and the city center further enhances its appeal as an ideal residential destination.
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.
