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21-11-2024 12:15 PM | Source: Accord Fintech
Godrej Properties rises on acquiring around 53-acre land parcel in Kolkata

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Godrej Properties is currently trading at Rs. 2716.70, up by 26.55 points or 0.99% from its previous closing of Rs. 2690.15 on the BSE.

The scrip opened at Rs. 2826.95 and has touched a high and low of Rs. 2826.95 and Rs. 2643.70 respectively. So far 12373 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. 1822.95 on 28-Nov-2023.

Last one week high and low of the scrip stood at Rs. 2826.95 and Rs. 2520.50 respectively. The current market cap of the company is Rs. 75368.74 crore.

The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 35.46% and 6.07% respectively.

Godrej Properties has acquired around 53-acre land parcel in Joka, Kolkata. The proposed project is estimated to have a development potential of around 1.3 million square feet of saleable area comprising primarily residential plotted development with an estimated revenue potential of around Rs 500 crore.

The land is strategically located in the fast-developing micro-market of Joka, which is close to the main city and in proximity to Diamond Harbour, a well-known seaside weekend getaway. 

Joka has rapidly transformed into a promising residential hub in Kolkata, fuelled by infrastructure growth. With IIM-Calcutta as an educational landmark, enhanced healthcare facilities, and commercial centers, Joka offers residents convenience and quality of life. On the back of strategic connectivity through Kolkata Metro’s Line 3 and extensive road networks, Joka is well-connected to key areas across the city. 

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.