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Godrej Properties surges on launching flagship project -- The Trees

27 Nov 2015

Godrej Properties is currently trading at Rs. 332.90, up by 8.45 points or 2.60% from its previous closing of Rs. 324.45 on the BSE.

The scrip opened at Rs. 326.20 and has touched a high and low of Rs. 334.60 and Rs. 323.90 respectively. So far 15665 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 374.50 on 20-Oct-2015 and a 52 week low of Rs. 231.55 on 30-Apr-2015.

Last one week high and low of the scrip stood at Rs. 334.60 and Rs. 314.10 respectively. The current market cap of the company is Rs. 6630.83 crore.

The promoters holding in the company stood at 74.86% while Institutions and Non-Institutions held 10.01% and 15.13% respectively.

Godrej Properties has launched its flagship project -- The Trees. With an area of 34 acres, this is one of the largest real estate projects in Mumbai and is the first step towards the greater development opportunity that will unfold in Vikhroli.

Situated in the heart of the city, Vikhroli is well connected to all of Mumbai’s major transit points and business hubs. The Trees is just 0.1 kms from the Eastern Express Highway and offers connectivity to BKC through the Santacruz-Chembur Link Road (SCLR) in just 15 minutes and to Fort through the Eastern Freeway in just 30 minutes. The future planned infrastructure in the city, including the bridge from Nava Sheva to Sewri and the proposed new airport, will further transform Vikhroli and the eastern belt into the central destination for Mumbai. The Godrej Group’s landholdings in Vikhroli include a privately controlled mangrove reserve that is five times the size of London’s famed Hyde Park offering residents the opportunity to live in the heart of the city while forever remaining deeply connected to nature and fresh air.

The first phase of residences in the project contains a total of 374 apartments with a saleable area of approximately 46,000 sq. mt. (500,000 sq. ft.). Customers can choose from 1 BHK, 2 BHK, 2.5 BHK, 3 BHK, and 3.5 BHK apartments with carpet areas ranging from 45 sq. mt. to 124 sq. mt. (480 sq. ft. to 1,334 sq. ft.) and Penthouses with carpet areas ranging from 190 sq. mt. to 229 sq. mt. (2,043 sq. ft. to 2,465 sq. ft.). All the residences offer premium specifications and are designed to offer spectacular views of the internal courtyard, the central landscaped retail court, and the lush green mangroves.

Godrej Properties brings the Godrej Group philosophy of innovation and excellence to the real estate industry. The company is currently developing residential, commercial and township projects spread across 10.25 million square meters (110.30 million square feet) in 12 cities.


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