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03-Oct2017

Godrej Properties gains on plan to develop new residential project in Pune

Godrej Properties is currently trading at Rs. 620.15, up by 1.05 points or 0.17% from its previous closing of Rs. 619.10 on the BSE.

The scrip opened at Rs. 622.00 and has touched a high and low of Rs. 627.70 and Rs. 617.00 respectively. So far 8869 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 679.25 on 13-Sep-2017 and a 52 week low of Rs. 285.00 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 628.85 and Rs. 585.80 respectively. The current market cap of the company is Rs. 13422.28 crore.

The promoters holding in the company stood at 74.91%, while institutions and non-institutions held 10.68% and 14.41% respectively.

Godrej Properties has entered a partnership to develop a residential project on approximately 59 acres in Mamurdi, West Pune, within PCMC limit. The project will offer approximately 418,000 square metres (4.5 million square feet) of saleable area.

The site is strategically located just off the Mumbai - Pune expressway and very close to prime commercial centers such as Wakad, Hinjawadi, and the automobile hub at Pimpri Chinchwad.

Godrej Properties is currently developing residential, commercial and township projects spread across approximately 14.36 million square meters (147 million square feet) in 12 cities.


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