Godrej Properties inches up on inking pact to purchase land parcel in Khalapur

Godrej Properties is currently trading at Rs. 1164.75, up by 0.65 points or 0.06% from its previous closing of Rs. 1164.10 on the BSE.

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Godrej Properties

The scrip opened at Rs. 1160.15 and has touched a high and low of Rs. 1169.35 and Rs. 1152.00 respectively. So far 2535 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1791.85 on 03-Feb-2022 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. 1209.55 and Rs. 1140.90 respectively. The current market cap of the company is Rs. 32205.95 crore.

The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 31.96% and 9.55% respectively.

Godrej Properties (GPL) has entered into an agreement for outright purchase of a land parcel in the fast-developing micro market of Khalapur – Raigad, Maharashtra.

Spread across 89 acres, the proposed project is located near Imagicaa Theme Park and is estimated to have a development potential of approximately 1.9 million square feet of saleable area comprising primarily of residential plotted development.

The proposed Navi Mumbai International Airport will further boost connectivity to Khalapur and surrounding areas.

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.

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