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Godrej Properties gains on entering into DMA to develop affordable housing project

07 Oct 2014 Evaluate

Godrej Properties is currently trading at Rs. 239.00, up by 3.75 points or 1.59% from its previous closing of Rs. 235.25 on the BSE.

The scrip opened at Rs. 238.00 and has touched a high and low of Rs. 242.00 and Rs. 236.30 respectively. So far 10,388 shares were traded on the counter.

The BSE group 'A' 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. 245.80 and Rs. 230.50 respectively. The current market cap of the company is Rs. 4,764.40 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, the real estate development arm of the Godrej Group, has entered into a Development Management Agreement (DMA) to develop a property situated in Badlapur, Mumbai Metropolitan Region (MMR).

The project will offer approximately 0.12 million square meters (1.3 million square feet) of saleable area. It will be developed as an affordable housing project.

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.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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