Godrej Properties trades jubilantly on selling 435,000 sq. ft. of saleable area at BKC

30 Sep 2015

Godrej Properties is currently trading at Rs. 334.80, up by 28.90 points or 9.45% from its previous closing of Rs. 305.90 on the BSE.

The scrip opened at Rs. 309.80 and has touched a high and low of Rs. 336.00 and Rs. 309.80 respectively. So far 55702 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 360.00 on 20-Aug-2015 and a 52 week low of Rs. 220.10 on 17-Oct-2014.

Last one week high and low of the scrip stood at Rs. 336.00 and Rs. 302.00 respectively. The current market cap of the company is Rs. 6236.79 crore.

The promoters holding in the company stood at 74.91% while Institutions and Non-Institutions held 11.23% and 13.86% respectively.

Godrej Properties, the real estate development arm of the Godrej Group, has sold 435,000 sq. ft. of saleable area at its commercial project, Godrej BKC in Bandra-Kurla Complex (BKC), Mumbai.

Godrej BKC is a large high-end commercial real estate project with approximately 1.3 million sq. ft. of saleable area located in the heart of India’s most prestigious and desirable commercial address, the Bandra-Kurla Complex. Godrej Properties has partnered with Jet Airways for this development. The project is expected to be completed and ready for occupancy by mid-2016.

Godrej BKC has been planned as the country’s premier office address. The project has been developed in collaboration with several of the world’s most renowned architects and engineering consultants. Skidmore, Owings and Merrill (SOM), a leading architectural firm that has designed many outstanding developments across the world, including the world’s tallest building, the Burj Khalifa in Dubai and the Freedom Tower in New York, are the designers of the building. Larsen & Toubro (L&T), India’s leading construction company, is constructing Godrej BKC.

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.


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