Godrej Properties gains on entering into JV with Royale Builders and Developers

29 Sep 2017

Godrej Properties is currently trading at Rs. 618.00, up by 7.20 points or 1.18% from its previous closing of Rs. 610.80 on the BSE.

The scrip opened at Rs. 606.00 and has touched a high and low of Rs. 618.00 and Rs. 606.00 respectively.

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. 628.85 and Rs. 585.80 respectively. The current market cap of the company is Rs. 13,378.00 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 Royale Builders and Developers to develop a 13 acres land parcel on Bellary Road (NH-7) in North Bangalore. The company plans to develop a modern residential group housing project of approximately 1,25,000 square meters (1.34 million square feet).

The Bellary road micro-market has emerged as one of the fastest growing markets of Bangalore with a lot of infrastructure developments and real estate projects coming up in the area. The site is in close proximity to Bangalore International Airport, Aerospace SEZ and IT & Hardware Park, Devanahalli. This will be GPL’s fifteenth project in Bangalore.

Godrej Properties is currently developing residential, commercial and township projects spread across approximately 13.95 million square meters (142.79 million square feet) in 12 cities.

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Godrej Properties Share Price

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