Mumbai, October 15 (Udaipur Kiran): Godrej Properties shares traded higher after the company announced the acquisition of a prime 26-acre land parcel in South Bengaluru, located near Sarjapur Road. The stock was trading at Rs. 2112.55, up by 53.75 points or 2.61% from its previous close of Rs. 2058.80 on the BSE.
The scrip opened at Rs. 2069.00 and recorded a high of Rs. 2114.00 and a low of Rs. 2069.00 during the session. A total of 4,686 shares were traded on the counter. The BSE Group ‘A’ stock, with a face value of Rs. 5, has touched a 52-week high of Rs. 3257.25 (17-Oct-2024) and a 52-week low of Rs. 1869.50 (07-Apr-2025).
During the past week, the stock traded between Rs. 2114.10 and Rs. 2008.00. The company’s current market capitalisation stands at Rs. 62,994.29 crore. The promoters hold 46.70% in the company, while institutional and non-institutional investors hold 39.61% and 13.69% respectively.
The newly acquired land will be developed into a premium residential project, with an estimated revenue potential of around Rs. 1,100 crore. The acquisition underlines Godrej Properties’ strong confidence in the Sarjapur Road corridor, a rapidly developing residential zone in Bengaluru known for its excellent connectivity to employment hubs such as Whitefield, Outer Ring Road, and Electronic City.
The area also offers robust social infrastructure, including reputed schools, hospitals, and retail centres, making it a preferred location among homebuyers. Godrej Properties has already established a strong presence in South Bengaluru with successful projects like Godrej Park Retreat and Godrej Lakeside Orchards, both of which have recorded strong sales and customer demand.
Godrej Properties, part of the Godrej Group, is one of India’s leading real estate developers based in Mumbai, engaged in residential, commercial, and township projects across key markets.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
