GODREJ PROPERTIES LTD.
NSE : GODREJPROPBSE : 533150ISIN
CODE : INE484J01027Industry : Construction - Real EstateHouse
: Godrej
BSE2627.05-5 (-0.19 % )
PREV CLOSE (Rs.) 2632.05
OPEN PRICE (Rs.) 2645.60
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 12316
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE2628.00 -6.8 (-0.26 % )
PREV CLOSE(Rs.) 2634.80
OPEN PRICE (Rs.) 2650.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 2628.00 (310 )
VOLUME 511038
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 09-Apr-2024 | Godrej Properties sells 5000 homes worth Rs 9,500 crore in Q4FY24 | <p style="text-align: justify;">Godrej Properties has sold over 5,000 homes worth Rs 9500 crore in Q4FY24. Godrej Properties' bookings grew 135% Year-on-Year (Y-o-Y) to over Rs 9,500 crore in Q4FY24. This is the highest ever quarterly sales reported to date by any publicly listed real estate developer in India. This was achieved through the sale of 5,331 homes with a total area of over 8 million sq. ft.</p><p style="text-align: justify;">Its bookings grew 84% YoY to over Rs 22,500 crore in FY24 and 61% above the guidance provided at the start of the year. This was achieved through the sale of 14,310 homes with a total area of 20 million sq. ft.</p><p style="text-align: justify;">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.</p> |
| 09-Apr-2024 | Godrej Properties informs about press release | <p style="text-align: justify;">Godrej Properties has informed that it attached a copy of the press release under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 08-Apr-2024 | Godrej Properties sells homes worth over Rs 3,000 crore of project Godrej Zenith in Gurugram | <p style="text-align: justify;">Godrej Properties (GPL) has sold over 1050 homes worth over Rs 3,000 crore in its project, Godrej Zenith, located in Sector 89, Gurugram. This is Godrej Properties' most successful ever launch in terms of the value and volume of sales achieved. </p><p style="text-align: justify;">Godrej Zenith is GPL's largest residential development in Gurugram. The company has recorded a 473% YoY increase in sales in Gurugram in FY24 and has a strong launch pipeline for FY25 which includes new project launches planned in Sector 103, Sector 43, and Sector 54. These planned launches will significantly strengthen GPL's presence in the city.</p><p style="text-align: justify;">This is the second time in Gurugram, and the fourth time pan India, that GPL has recorded sales of over Rs 2,000 crore during launch in FY24. The company sold inventory worth Rs 2,690 crore in its project, Godrej Reserve, located in Kandivali, Mumbai in Q4 FY24. It also sold inventory worth over Rs 2,875 crore in its project, Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road, Gurugram, and achieved sales worth over Rs 2,000 crore in its project, Godrej Tropical Isle in Noida in Q2 FY24. </p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 08-Apr-2024 | Godrej Properties informs about press release | <p style="text-align: justify;">Godrej Properties has informed that it enclosed a copy of the press release titled ‘Godrej Properties sells homes worth over INR 3,000 crores within 3 days at the launch of its project Godrej Zenith in Gurugram, Haryana'.</p><div>The above information is a part of company's filings submitted to BSE.</div> |
| 05-Apr-2024 | Godrej Properties sells homes worth Rs 2,690 crore at launch of project Godrej Reserve in Mumbai | <p style="text-align: justify;">Godrej Properties (GPL) has sold inventory worth around Rs 2,690 crore in its project, Godrej Reserve, located in Kandivali, Mumbai. Launched within fifteen months of acquiring the land, this is GPL's most successful launch ever in Mumbai in terms of the value and volume of sales achieved.</p><p style="text-align: justify;">Godrej Reserve has a developable potential of around 3.72 million square feet with an estimated revenue potential of around Rs 7,000 crore (on the basis of the current business assumptions). The project has significant unlaunched inventory remaining, which the company plans to sell in the coming years. This is one of GPL's largest residential developments and significantly enhances its presence in the western suburbs of Mumbai.</p><p style="text-align: justify;">Kandivali is an established residential location in Mumbai that provides access to well-developed social and civic infrastructure with multiple schools, health facilities, retail malls, and entertainment outlets. The area provides good connectivity to the Western Express Highway, Metro & Suburban Railway Stations. The introduction of a metro line connecting Kandivali, Dahisar, and Andheri has significantly reduced travel time, enhancing the area's connectivity and making daily commuting more convenient. </p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 14-Mar-2024 | Godrej Properties acquires second land parcel in Hyderabad | <p style="text-align: justify;">Godrej Properties (GPL) has acquired 3-acres of land in Kokapet. This is the second land acquisition for GPL in Hyderabad and will take the overall booking value potential added in Hyderabad to Rs 4,800 crore.</p><p style="text-align: justify;">The development on this land is estimated to have a potential of around 1.2 million square feet of saleable area comprising primarily premium residential apartments of various configurations with an estimated booking value of around Rs 1,300 crore. This strategic acquisition is in line with GPL's strategy of developing high-quality residential projects across India's leading real estate markets.</p><p style="text-align: justify;">The land is located in a strategic and high-potential area in Kokapet near the Outer Ring Road junction close to Golden Mile Road. Kokapet is one of the largest commercial and residential real estate markets in Hyderabad and has a well-developed social and civic infrastructure with multiple schools, hospitals, retail, residential, and commercial spaces in proximity. The location offers connectivity to the Rajiv Gandhi International Airport and all major social and commercial areas in the city.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 05-Mar-2024 | Godrej Properties declared as highest bidder for land parcel in Noida | <p style="text-align: justify;">Godrej Properties (GPL) has been declared the highest bidder and has secured the allotment letter to develop a prime land parcel in Noida through an e-auction conducted by the Noida Authority. Spread over around 6.46 acres, the land is strategically located in Sector 44, one of the most prime locations in Noida. </p><p style="text-align: justify;">The land parcel will offer around 1.4 million square feet of development potential and an estimated revenue potential of around Rs 3,000 crore comprising premium residential apartments of varied configurations. This will be the sixth project of Godrej Properties in Noida. With its well-planned infrastructure, wide roads, and proximity to Delhi, Noida offers a high-quality lifestyle and good connectivity.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 05-Mar-2024 | Godrej Properties informs about press release | <p style="text-align: justify;">Godrej Properties has informed that it enclosed a copy of the press release titled ‘Godrej Properties declared the highest bidder for land parcel in Sector 44, NOIDA'.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 05-Mar-2024 | Godrej Properties rises after being declared as highest bidder for land parcel in Noida | <p style="text-align: justify;">Godrej Properties is currently trading at Rs. 2510.45, up by 18.55 points or 0.74% from its previous closing of Rs. 2491.90 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2505.75 and has touched a high and low of Rs. 2524.10 and Rs. 2492.00 respectively. So far 5675 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2541.00 on 04-Mar-2024 and a 52 week low of Rs. 1005.70 on 29-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2541.00 and Rs. 2335.60 respectively. The current market cap of the company is Rs. 69800.92 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 34.42% and 7.09% respectively.</p><p style="text-align: justify;">Godrej Properties (GPL) has been declared the highest bidder and has secured the allotment letter to develop a prime land parcel in Noida through an e-auction conducted by the Noida Authority. Spread over around 6.46 acres, the land is strategically located in Sector 44, one of the most prime locations in Noida. </p><p style="text-align: justify;">The land parcel will offer around 1.4 million square feet of development potential and an estimated revenue potential of around Rs 3,000 crore comprising premium residential apartments of varied configurations. This will be the sixth project of Godrej Properties in Noida. With its well-planned infrastructure, wide roads, and proximity to Delhi, Noida offers a high-quality lifestyle and good connectivity.</p><p style="text-align: justify;">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.</p> |
| 04-Mar-2024 | Godrej Properties inks pacts to develop township project in Bengaluru | <p style="text-align: justify;">Godrej Properties (GPL) has entered into definitive agreements to develop a large township project in North Bengaluru under a profit-sharing model. Spread across around 62 acres, the land is located in a prime area of North Bengaluru. The project will offer around 5.6 million square feet of saleable area comprising primarily premium residential apartments of various configurations. The project will cater to the aspirations of customers who are looking for a high-quality living experience with modern amenities and design with outstanding connectivity.</p><p style="text-align: justify;">This land parcel is strategically located in one of the most sought-after locations in Bengaluru offering excellent connectivity to the Kempegowda International Airport, upcoming metro station, multiple upcoming residential and commercial developments, Special Economic Zone, and social infrastructure. The location also offers connectivity to the 8-lane Highway connecting to the Central Business District and other key parts of Bengaluru through Outer Ring Road – Hebbal.</p><p style="text-align: justify;">While an agreement for sale for land including this 62 acres was entered into by GPL in 2014, the development wasn't able to commence at the time. Over the past few months, the 62 acres development opportunity has crystallized, and GPL now expects to launch the first phase of development on this land in the upcoming financial year.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
