Godrej Properties rises on acquiring 48 acre land parcel in Bengaluru
Godrej Properties is currently trading at Rs. 2347.50, up by 9.70 points or 0.41% from its previous closing of Rs. 2337.80 on the BSE.
The scrip opened at Rs. 2358.50 and has touched a high and low of Rs. 2358.50 and Rs. 2336.00 respectively. So far 4633 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. 2358.50 and Rs. 2191.90 respectively. The current market cap of the company is Rs. 70872.30 crore.
The promoters holding in the company stood at 46.67%, while Institutions and Non-Institutions held 39.87% and 13.46% respectively.
Godrej Properties has acquired around 48 acre land parcel through outright purchase in the fast-growing micro-market of Doddaballapur, North Bengaluru. This acquisition further solidifies the company’s footprint in North Bengaluru. The land is located in a strategic and highly potential area near the Satellite Town Ring Road (STRR).
The development on this land will primarily comprise plotted units with a development potential of around 1.1 million square feet. Doddaballapur is rapidly gaining prominence as a real estate hotspot in North Bengaluru, driven by good connectivity to Kempegowda International Airport, the development of STRR, significant industrial investments, and scenic attractions like Nandi Hills in the vicinity.
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.
