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Godrej Properties gains on adding new residential project in Pune

30 Dec 2016 Evaluate

Godrej Properties is currently trading at Rs. 307.90, up by 3.20 points or 1.05% from its previous closing of Rs. 304.70 on the BSE.

The scrip opened at Rs. 308.00 and has touched a high and low of Rs. 308.05 and Rs. 306.60 respectively.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 386.00 on 09-Aug-2016 and a 52 week low of Rs. 266.40 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 308.05 and Rs. 289.20 respectively. The current market cap of the company is Rs. 6,633.72 crore.

The promoters holding in the company stood at 74.91%, while Institutions and Non-Institutions held 9.99% and 15.09% respectively.

Godrej Properties (GPL), one of India’s leading real estate developers, has entered into a partnership to develop a residential group housing project in the prime locality of Bavdhan, West Pune. This project will be developed under the profit share arrangement.

Spread over 5.5 acres, the project will offer approximately 52,000 square metres (5,60,000 square feet) of saleable area and will be developed as a modern residential development comprising of apartments of various configurations.

The site is strategically located just off the Mumbai-Bangalore bypass and very close to the prime residential micro market of Kothrud. It is situated on main Paud road within PMC limits and is well connected to Hinjewadi IT Park.



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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