Godrej Properties gains on selling over 250 apartments of Godrej Aria

Godrej Properties is currently trading at Rs 241.25, up by 2.30 points or 0.96% from its previous closing of Rs 238.95 on the BSE.

The scrip opened at Rs 241.00 and has touched a high and low of Rs 249.30 and Rs. 236.00 respectively. So far 2186014 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 262.00 on 09-Jun-2014 and a 52 week low of Rs. 153.90 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 252.75 and Rs. 233.00 respectively. The current market cap of the company is Rs. 4741.47 crore.

The promoters holding in the company stood at 74.95% while Institutions and Non-Institutions held 13.00% and 12.04% respectively.

Godrej Properties has sold over 250 apartments, with an area over 400,000 sq. ft. in just three weeks at the launch of its residential project, Godrej Aria, in Sector 79, Gurgaon. Spread over 7 acres, Godrej Aria consists of 6 high rise towers and offers 386 apartments across approximately 650,000 sq. ft. of space.

Godrej Aria is located on the footsteps of the Aravallis and will offer various amenities including a modern 15,000 sq. ft. club, a well-equipped gymnasium, swimming pool, meditation area, amphitheatre and a spa. Sports facilities such as a squash court, a tennis court, a badminton court, a basketball court, a jogging track and a cricket pitch will also be part of the project. Customers will benefit from a school as well as retail spaces planned within the project.

Godrej Aria is designed on the principle of sustainability. GPL will use eco-friendly materials and will integrate environment-sensitive passive architectural solutions to minimize the carbon emission associated with the development. Features like rainwater harvesting, solar heating and lighting will be incorporated in the project design. Furthermore, more than 80% of the project will be covered in landscaped gardens and open spaces.

The location offers excellent connectivity and is approximately 2.5 kms from NH8. The site is in close proximity to golf courses, restaurants and 5 star hotels like Hyatt Regency. The site is strategically located in the high growth corridor of Gurgaon urban area and is also well connected to the Airport, IFFCO Chowk and the commercial hub of Gurgaon. Godrej Aria is being developed as a joint venture with group companies of Rizon Developers.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.