Godrej Properties surges on acquiring 90 acres of land in Khalapur
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Godrej Properties is currently trading at Rs. 2932.05, up by 6.70 points or 0.23% from its previous closing of Rs. 2925.35 on the BSE.
The scrip opened at Rs. 2925.00 and has touched a high and low of Rs. 2943.75 and Rs. 2873.20 respectively. So far 10454 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-Jul-2024 and a 52 week low of Rs. 1496.40 on 14-Aug-2023.
Last one week high and low of the scrip stood at Rs. 3050.05 and Rs. 2792.00 respectively. The current market cap of the company is Rs. 81598.60 crore.
The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 35.54% and 5.98% respectively.
Godrej Properties has acquired around 90-acre land parcel in Khalapur- Raigad, Maharashtra. The land is located near Karjat Khopoli Road and is estimated to have a development potential of around 1.7 million square feet of saleable area comprising primarily of residential plotted development.
Located about 70 kilometres from Mumbai, Khalapur is a scenic area featuring well-established social and civic infrastructure, including several schools, healthcare facilities, shopping malls, and entertainment venues. The land is in proximity to the Mumbai Trans Harbour Link and the Mumbai-Pune Expressway, providing excellent connectivity to Mumbai, Navi Mumbai, and Pune. The planned Navi Mumbai International Airport is expected to further enhance access to Khalapur and its neighbouring regions.
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.
