Godrej Properties rises on plan to unveil fifth phase of Godrej Garden City

21 Jun 2012

Godrej Properties is currently trading at Rs. 568.05, up by 0.55 points or 0.10% from its previous closing of Rs. 567.50 on the BSE.

The scrip opened at Rs. 570.00 and has touched a high and low of Rs. 572.25 and Rs. 567.50 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 845.00 on 12-Jul-2011 and a 52 week low of Rs. 537.95 on 19-Jun-2012.

Last one week high and low of the scrip stood at Rs. 584.80 and Rs. 537.95 respectively. The current market cap of the company is Rs. 4,432 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 16.24% and 8.76% respectively.

Godrej Properties (GPL) is planning to launch fifth phase of Godrej Garden City (GGC) township project with 1.8 million sq ft of land around 1,200 to 1,500 units. Till now, the company has launched four million square feet (3,300 units) in the township, out of which 90% (2,900 units) has been sold.

Earlier, the company had launched 888 units in first phase and planning to give possession of first phase bookings in the said township project before the scheduled delivery time in September this year.

GCC is one of the two projects in India and amongst 17 worldwide to be chosen as a partner by the Clinton Climate Initiative with the goal of achieving a climate-positive development.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.

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