Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd
"Godrej Properties launched the project in the Bangalore market. One of India's leading real estate developers announced that the company has entered into an outright transaction to purchase a well located land parcel in Sarjapur, Bangalore. Spread across approximately 15 acres, this project will offer approximately 0.15 million square meters (1.6 million square feet) of potential saleable area comprising residential apartments of various configurations. Sarjapur has established itself as one of the most preferred residential locations in Bangalore with good connectivity to Outer Ring Road and several other key hubs of Bangalore. The site is strategically located and offers an extremely well developed social and civic infrastructure with multiple schools, hospitals, retail, residential, and commercial spaces in close proximity. This is positive development for the company."
Shares of Godrej Properties Ltd was last trading in BSE at Rs.902.9 as compared to the previous close of Rs. 912.25. The total number of shares traded during the day was 13375 in over 870 trades.
The stock hit an intraday high of Rs. 938 and intraday low of 886.95. The net turnover during the day was Rs. 12170193.