Godrej Properties rises on planning to develop 16-acre land parcel in Pune
Godrej Properties is currently trading at Rs. 2466.00, up by 36.05 points or 1.48% from its previous closing of Rs. 2429.95 on the BSE.
The scrip opened at Rs. 2459.55 and has touched a high and low of Rs. 2470.00 and Rs. 2445.50 respectively. So far 2920 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 16-July-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. 2482.90 and Rs. 2311.10 respectively. The current market cap of the company is Rs. 73186.42 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 is planning to develop around 16-acre land parcel in Upper Kharadi, Pune. The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of around 2.5 million square feet with an estimated revenue potential of around Rs 3,100 crore.
The land parcel is strategically located within the promising micro-market of Kharadi-Wagholi, offering good connectivity to major commercial hubs, and is in close proximity to IT hubs in Viman Nagar, Magarpatta, and Hadapsar. The location also offers access to well-developed social infrastructure, which includes schools, hospitals, malls, restaurants, and premium hotels, further enhancing the area’s appeal for homebuyers.
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.
