Godrej Properties gains on entering into JV with Nirmal Ventures

Godrej Properties Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 533150 | NSE: GODREJPROP

14 Sep 2017 Evaluate

Godrej Properties is currently trading at Rs. 644.70, up by 11.80 points or 1.86% from its previous closing of Rs. 632.90 on the BSE.

The scrip opened at Rs. 652.00 and has touched a high and low of Rs. 652.70 and Rs. 641.50 respectively. So far 1,862 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 679.25 on 13-Sep-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. 679.25 and Rs. 580.45 respectively. The current market cap of the company is Rs. 14,114.00 crore.

The promoters holding in the company stood at 74.91%, while Institutions and Non-Institutions held 10.68% and 14.41% respectively.

Godrej Properties (GPL) has entered into a joint venture (JV) with Nirmal Ventures for developing a residential project located on the Lal Bahadur Shastri (LBS) Marg, Thane West. This project will be developed under a development management agreement.

Spread over 14 acres, the project will offer approximately 1,95,000 square metres (2.1 million square feet) of saleable area and will be developed as a residential development comprising of modern residential apartments of various configurations along with a small retail component to support this residential development.

Godrej Properties is currently developing residential, commercial and township projects spread across approximately 13.70 million square meters (140.10 million square feet) in 12 cities.

Godrej Properties Share Price

1873.10 -5.75 (-0.31%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Lodha Developers	965.60
Dilip Buildcon	478.50
DLF	608.40
Oberoi Realty	1703.85
Ahluwalia Contract(I	847.50
View more..

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