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Godrej Properties soars on inking pact with Ador Group

08 Oct 2013 Evaluate

Godrej Properties is currently trading at Rs. 386.75, up by 6.80 points or 1.78% from its previous closing of Rs. 382.95 on the BSE.

The scrip opened at Rs. 383.30 and has touched a high and low of Rs. 395.40 and Rs. 383.00 respectively. So far 29,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 640.08 on 07-Dec-2012 and a 52 week low of Rs. 339.85 on 27-Sep-2013.

Last one week high and low of the scrip stood at Rs. 385.55 and Rs. 343.10 respectively. The current market cap of the company is Rs. 3,869 crore.

The promoters holding in the company stood at 74.96% while Institutions and Non-Institutions held 16.82% and 8.22% respectively.

Godrej Properties (GPL), the real estate development arm of the Godrej Group, has entered into a Development Agreement with Ador Group, to develop a 6.7 acre land parcel situated on LBS Marg in Bhandup. This prime land parcel is strategically located on LBS Marg and is just off the Mulund exit from the Eastern Express Highvvay which provides it with excellent connectivity to South Mumbai. The site has extremely well developed physical and social infrastructure in its vicinity and is very close to the affluent neighborhood of Mulund.

The project, which has a potential saleable area of approximately 72,000 sq. meters (7.76 lakh sq. ft), will be developed as a premium residential group housing project. This will be Godrej Properties' first project in the fast developing and upcoming suburb of Bhandup.

Godrej Properties brings the Godrej Group philosophy of innovation and excellence to the real estate industry. Each Godrej Properties development combines a 116- year legacy of excellence and innovation with a commitment to cutting-edge design and technology. Godrej Properties is currently developing residential, commercial and township projects spread across 8 million square meters (87.6 million square feet) in 12 cities.

Godrej Properties Share Price

2099.55 9.90 (0.47%)
17-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 1189.45
Dilip Buildcon 409.00
Sobha 1464.65
Oberoi Realty 1894.90
Ahluwalia Contract(I 853.45
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