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Godrej Properties soars on launching residential project in Mangalore

08 Feb 2012 Evaluate

Godrej Properties is currently trading at Rs. 654.00, up by 22.15 points or 3.51% from its previous closing of Rs. 631.85 on the BSE.

The scrip opened at Rs. 631.85 and has touched a high and low of Rs. 662.00 and Rs. 621.65 respectively. So far 2886 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 845.00 on 12-Jul-2011 and a 52 week low of Rs. 554.00 on 11-Feb-2011.

Last one week high and low of the scrip stood at Rs. 679.40 and Rs. 621.65 respectively. The current market cap of the company is Rs. 4491.36 crore.

The promoters holding in the company stood at 83.79% while Institutions and Non-Institutions held 7.78% and 8.43% respectively. 

Godrej Properties, Mumbai based real estate developer launched its new residential project Godrej Alpine in Mangalore. It aims to complete 499-apartment Godrej Alpine for occupation in 36 months. Godrej Alpine will offer a modern and contemporary lifestyle in a green and natural environment.

The project is situated at Yeyyadi on airport road in Mangalore, the project is spread over 4.5 acres with three towers of 19 floors each. Customers can choose from two to three bedroom houses, which range from 1,203 sq. ft to 1,695 sq.ft, to penthouses that range from 2,700 sq. ft to 3,500 sq ft. The price range starts from Rs 3,500 a sq.ft. It works out to Rs 50-80 lakh for an apartment.

The company is going to target both local and NRI population for the project. Larsen & Toubro will be constructing Godrej Alpine and the project is joint venture with Fiza Developers and Infrastructure.

Godrej Properties Share Price

1758.90 0.25 (0.01%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 855.85
Dilip Buildcon 450.15
DLF 595.85
Oberoi Realty 1695.70
Ahluwalia Contract(I 833.35
View more..

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