25-09-2023 10:22 AM | Source: Accord Fintech
Godrej Properties shines on selling 670 homes worth over Rs 2,000 crore in project `Godrej Tropical Isle`

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Godrej Properties is currently trading at Rs. 1562.00, up by 23.30 points or 1.51% from its previous closing of Rs. 1538.70 on the BSE.

The scrip opened at Rs. 1546.40 and has touched a high and low of Rs. 1574.45 and Rs. 1546.40 respectively. So far 2512 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1768.80 on 28-Jul-2023 and a 52 week low of Rs. 1005.70 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1657.05 and Rs. 1536.05 respectively. The current market cap of the company is Rs. 42781.96 crore.

The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 33.15% and 8.36% respectively.

Godrej Properties (GPL) has sold 670 homes worth over Rs 2,000 crore in its project, Godrej Tropical Isle, located in Sector 146, Noida. This is Godrej Properties' most successful ever launch in terms of the value and volume of sales achieved. The project was launched in August 2023 within nine months of the purchase of land through an e-auction conducted by Noida Authority in November 2022.

Sector 146 is a prominent upcoming residential corridor in Noida. It provides access to high-quality social infrastructure and is in close proximity to commercial infrastructure like - Noida SEZ, entertainment hubs, Film City, etc. The area provides good connectivity to Indira Gandhi International Airport and the upcoming Jewar Airport, as well as to the metro station and the three major expressways - Noida- Greater Noida Expressway, Yamuna Expressway, and the upcoming FNG Expressway.

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