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Godrej Properties soars on signing JV to develop 4.25 acres property in Mumbai

Mumbai : Godrej Properties is currently trading at Rs. 912.00, up by 20.55 points or 2.31% from its previous closing of Rs. 891.45 on the BSE. The scrip opened at Rs. 899.00 and has touched a high and low of Rs. 915.00 and Rs. 895.55 respectively. So far 3715 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 937.00 on 03-Apr-2019 and a 52 week low of Rs. 462.00 on 10-Oct-2018.

Last one week high and low of the scrip stood at Rs. 937.00 and Rs. 802.25 respectively. The current market cap of the company is Rs. 20443.06 crore. The promoters holding in the company stood at 70.83%, while Institutions and Non-Institutions held 15.15% and 14.02% respectively. Godrej Properties has entered into a joint venture (JV) with a renowned developer to develop a 4.25 acres sea-facing property in the prime suburban micro-market of Sandra West, Mumbai. The project will offer approximately 1 lakh square meters (approximately 1.1 million square feet) of saleable area and will be developed as a luxury residential project.

Located at the doorstep of the Sandra – Worli Sea link, this project will offer outstanding connectivity to all parts of the city including the domestic and international airports, Bandra Kurla Complex (BKC), and Worli. This project will provide its residents one of the most desirable addresses in Mumbai while also offering unobstructed sea views from most apartments. 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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