Godrej Properties is currently trading at Rs. 807.05, up by 4.55 points or 0.57% from its previous closing of Rs. 802.50 on the BSE.
The scrip opened at Rs. 804.85 and has touched a high and low of Rs. 813.15 and Rs. 801.40 respectively. So far 1,357 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 910.00 on 23-Jan-2018 and a 52 week low of Rs. 332.35 on 01-Feb-2017.
Last one week high and low of the scrip stood at Rs. 840.85 and Rs. 794.95 respectively. The current market cap of the company is Rs. 17,348.00 crore.
The promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 11.01% and 14.11% respectively.
Godrej Properties (GPL) has added three new projects, two in Bangalore and one in Noida. The company has entered into a joint venture with Sai Srushti Group to develop a 100 acres land parcel on NH-648 near Devanahalli Town in North Bangalore. This shall be the company’s first plotted development project and it plans to develop approximately 2 lakh square meters (2.15 million square feet) in the project. This will be GPL’s sixteenth project in Bangalore.
The second project, also in Bangalore, is a joint venture with the promoters of Lahari Music Group, south India’s biggest music group, to develop 17 acres of land, with the possibility of further extending the development up to 24 acres, in Electronic City Phase - I, abutting the main Wipro Campus in South Bangalore. Godrej Properties plans to develop a modern residential housing project of approximately 1.3 lakh square meters (1.4 million square feet) with an option to further increase it to 2 million square feet. This will be GPL’s seventeenth project in Bangalore
The third project is in the Noida Expressway micro market. GPL will develop a Group Housing Project under the Development Management model in partnership with the Ace Group. This project will offer approximately 1.6 lakh square meters (approximately 1.7 million square feet) of saleable area and will be developed as a modern group housing development. This is GPL’s 3rd project in Noida and 11th project within the National Capital Region (NCR).
Godrej Properties is currently developing residential, commercial and township projects spread across approximately 14.29 million square meters (150.12 million square feet) in 12 cities.
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