Godrej Properties acquires 50 acres land in Sonipat

The Mumbai-based developer Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India's leading real estate developers, today announced that it has has expanded its residential portfolio in NCR through the purchase of 50 acres of land in Sonipat. This project will offer approximately 1 million sq. ft. of plotted residential development, offering attractive plot sizes along with exceptional lifestyle amenities. The site is strategically located, with good connectivity to the Delhi border and national highways. In addition, the site is in close proximity to the upcoming educational and industrial hub of Sonipat and offers a well-developed social infrastructure.

Mr. Mohit Malhotra, MD & CEO, Godrej Properties, said, "We are pleased to announce our entry into Sonipat. The project fits well with our strategy of deepening our presence across the country's leading real estate markets. Sonipat as a micro-market has seen a lot of infrastructure developments over the last couple of years and is going to play a vital role in the NCR growth story".

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1485.90 as compared to the previous close of Rs. 1493.30. The total number of shares traded during the day was 28234 in over 2596 trades.

The stock hit an intraday high of Rs. 1503.70 and intraday low of 1467.95. The net turnover during the day was Rs. 41922915.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 LandPurchase Sonipat NCR 50Acres ResidentialPlots