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Godrej Properties surges on plan to develop residential complex in Gurgaon

12 Sep 2012 Evaluate

Godrej Properties is currently trading at Rs. 538.00, up by 10.40 points or 1.97% from its previous closing of Rs. 527.60 on the BSE.

The scrip opened at Rs. 535.00 and has touched a high and low of Rs. 541.50 and Rs. 535.00 respectively. So far 3479 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 709.00 on 13-Sep-2011 and a 52 week low of Rs. 482.00 on 02-Aug-2012.

Last one week high and low of the scrip stood at Rs. 541.50 and Rs. 482.30 respectively. The current market cap of the company is Rs. 4210.55 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 16.07% and 8.94% respectively.

In a bid to construct a residential complex -- Godrej Summit -- in Gurgaon, Godrej Properties is planning to invest about Rs 600 crore in next five years. This will be the company’s second project in the National Capital Region.

The company will develop the said project in partnership with Zara Sanya in which Godrej Properties will hold 65% stake. The company will be constructing about 1,200 flats in 11 towers and the price of the flats will start from Rs 75 lakh.

The company is expecting to garner total revenue of Rs 1,200 crore from the said project. Real estate investor Sun Apollo is the financial partner in the new project.

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.

Godrej Properties Share Price

1792.00 -39.45 (-2.15%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 856.15
Dilip Buildcon 455.10
DLF 592.60
Oberoi Realty 1707.70
Ahluwalia Contract(I 887.10
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