Godrej Properties rises on planning to launch new luxury housing project in Delhi's Ashok Vihar

12 Aug 2022 Evaluate

Godrej Properties is currently trading at Rs. 1362.65, up by 0.95 points or 0.07% from its previous closing of Rs. 1361.70 on the BSE.

The scrip opened at Rs. 1361.70 and has touched a high and low of Rs. 1371.85 and Rs. 1360.20 respectively. So far 8937 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. 1130.20 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1403.20 and Rs. 1344.40 respectively. The current market cap of the company is Rs. 37981.80 crore.

The promoters holding in the company stood at 58.43%, while Institutions and Non-Institutions held 32.65% and 8.92% respectively.

Godrej Properties is planning to launch a new luxury housing project in Delhi's Ashok Vihar this year, which has a potential to generate about Rs 8,000 crore sales revenue.  The company is waiting for some pending government approvals to launch this 27-acre luxury residential project in Delhi-NCR, its best performing market last fiscal.

In February 2020, Godrej Properties had acquired nearly 27 acre land parcel in the national capital for Rs 1,359 crore to develop a luxury housing project. The land parcel belonged to Rail Land Development Authority (RLDA). The built up area is estimated at over 3 million square feet.

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.

Godrej Properties Share Price

1228.80 -27.15 (-2.16%)
23-Sep-2022 18:01 View Price Chart
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