Godrej Properties rises on acquiring around 8.5-acre land parcel in Pune
Godrej Properties is currently trading at Rs. 1572.60, up by 7.20 points or 0.46% from its previous closing of Rs. 1565.40 on the BSE.
The scrip opened at Rs. 1565.50 and has touched a high and low of Rs. 1587.90 and Rs. 1550.40 respectively. So far 24070 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2522.55 on 05-Feb-2025 and a 52 week low of Rs. 1476.20 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 1587.90 and Rs. 1476.20 respectively. The current market cap of the company is Rs. 47420.42 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 acquired around 8.5-acre land parcel through outright purchase in the fast-growing micro-market of Mahalunge, Pune. The proposed development will primarily comprise group housing and is expected to offer a developable potential of around 2.1 million square feet, with an estimated revenue potential of around Rs 2,000 crore.
The land is strategically located in the Mahalunge-Maan-Nande belt, is part of the mahalunge-hinjewadi micro market, and in proximity to the upcoming Pune Inner Ring Road along the city’s fast-growing Hinjewadi-Balewadi corridor. It benefits from a well-developed social infrastructure, including premier educational institutions such as Delhi Public School, Mahindra International School, and the Symbiosis Centre for Management. Additionally, the location offers convenient access to both Baner- Balewadi and Hinjewadi, two prominent micro-markets that serve as major IT and BFSI hubs in Pune.
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.
