Godrej Properties is currently trading at Rs. 519.05, up by 0.20 points or 0.04% from its previous closing of Rs. 518.85 on the BSE.
The scrip opened at Rs. 518.00 and has touched a high and low of Rs. 520.20 and Rs. 517.20 respectively. So far 1,786 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 585.05 on 03-May-2017 and a 52 week low of Rs. 285.00 on 21-Nov-2016.
Last one week high and low of the scrip stood at Rs. 535.50 and Rs. 508.00 respectively. The current market cap of the company is Rs. 11,230.00 crore.
The promoters holding in the company stood at 74.91%, while Institutions and Non-Institutions held 11.74% and 13.35% respectively.
Godrej Properties (GPL) has acquired a land parcel measuring around 14.8 acres in Sector 106, Gurgaon. The company plans to develop a high-end residential housing project of around 139,000 square metres (around 1.5 million sq. ft.).
The project is located in an upcoming residential area in Gurgaon that is seamlessly connected to New Delhi through a 75 metre wide road. The site is also well connected to the Northern Peripheral road. This project will be developed in partnership with Godrej Residential Investment Program II. This is the fourth project under GRIP II, the $275 Million fund which was announced in March 2016.
Godrej Properties is a subsidiary of Godrej Industries and has been instrumental in the construction of Residential, commercial and township projects across 12 major cities in India.
