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Godrej Properties surges on entering into Joint venture with TDI group to develop residential project

06 Dec 2021 Evaluate

Godrej Properties is currently trading at Rs. 2075.00, up by 51.85 points or 2.56% from its previous closing of Rs. 2023.15 on the BSE.

The scrip opened at Rs. 2044.00 and has touched a high and low of Rs. 2115.00 and Rs. 2038.00 respectively. So far 47021 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2598.00 on 14-Oct-2021 and a 52 week low of Rs. 1181.50 on 04-Dec-2020.

Last one week high and low of the scrip stood at Rs. 2172.00 and Rs. 1940.00 respectively. The current market cap of the company is Rs. 56241.01 crore.

The promoters holding in the company stood at 58.43%, while Institutions and Non-Institutions held 34.35% and 7.22% respectively.

Godrej Properties (GPL) has entered into a Joint venture with TDI group to develop an ultra-luxury residential project in Connaught Place, one of the most premium location within the Central Business District of New Delhi.

The project is estimated to have a developable potential of approximately 125,000 square feet saleable area comprising primarily of residential apartments of various configurations.

The site is centrally located and offers excellent connectivity, well developed social and civic infrastructure with Delhi’s best schools, hospitals, retail and commercial spaces in close proximity.

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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