Godrej Properties surges on emerging as highest bidder for 2 land parcels in Greater Noida
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Godrej Properties is currently trading at Rs. 2938.00, up by 61.65 points or 2.14% from its previous closing of Rs. 2876.35 on the BSE.
The scrip opened at Rs. 2900.00 and has touched a high and low of Rs. 2975.00 and Rs. 2900.00 respectively. So far 12506 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. 82196.42 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 (GPL) has participated in an e-auction conducted by the Greater Noida Industrial Development Authority (GNIDA) for Residential Group Housing Plots, where GPL has emerged as the highest bidder for 2 land parcels with a total combined bid value of Rs 842 crore, according to the e-tendering portal of SBI. GNIDA shall issue the allotment letters after following the due process.
Spread over around 9.5 acres in Sector Sigma - III and around 8 acres in Sector 12, the land parcels are strategically located in one of the most prime locations in Greater Noida. The land parcels together will offer a development potential of around 3.75 million square feet and an estimated revenue potential of over Rs 5,000 crore comprising premium residential apartments of varied configurations. With its well-planned infrastructure, wide roads, and proximity to both Delhi and Noida, Greater Noida offers a high-quality lifestyle and good connectivity to Jewar airport.
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.
