Shares of Godrej Properties Ltd are buying and selling flat after touching a day’s excessive of Rs 2,357 on 18th July, following the corporate’s announcement of buying a 48-acre land parcel in Doddaballapur, North Bengaluru.
Positioned close to the Satellite tv for pc City Ring Street (STRR), the positioning will likely be developed primarily into plotted models with a possible built-up space of round 1.1 million sq. ft.
Doddaballapur is rising as a key space on account of its sturdy connectivity to Bengaluru’s worldwide airport.
Latest Acquisitions from Godrej Properties
Earlier this week, Godrej Properties additionally purchased a 50-acre land parcel in Raipur. The location is positioned near central Raipur, the railway station, the airport, and upcoming expressways. It is going to be developed right into a premium plotted residential challenge with round 9.5 lakh sq. ft. of saleable space.
Final month, the corporate recorded over Rs 2,000 crore in gross sales throughout the launch of the primary part of Barca @ Godrej MSR Metropolis in Devanahalli, Bengaluru.
Additionally in June, it acquired 16 acres of land in Higher Kharadi, Pune. The challenge is close to key IT hubs like Viman Nagar, Magarpatta, and Hadapsar and is anticipated to generate Rs 3,100 crore in income.
At 11:58 AM, the shares of Godrej Properties had been buying and selling 0.13% greater at Rs 2,340 on NSE.
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