Godrej Properties Shares Rise 3.25% After 20-Acre Land Deal

Shares of Godrej Properties Ltd rose 3.25% to hit a day’s high of Rs 1,636.90 on 18th March after the company announced the acquisition of a 20-acre land parcel in Bengaluru, where it plans to develop a premium residential project.

The project is expected to generate around Rs 1,350 crore in revenue, strengthening Godrej Properties’ presence in Bengaluru’s Whitefield area.

The 20-acre site is located near NH-648 in the Whitefield growth corridor. This area is a key hub for tech companies and strong job opportunities.

MD & CEO Gaurav Pandey said the company aims to build a well-designed project focused on functionality. It will also deliver a better living experience.

The company believes Bengaluru buyers prefer thoughtfully planned communities with good amenities and long-term livability.

The location offers strong connectivity to the Whitefield–ITPL region and to nearby metro stations such as Kadugodi and Hopefarm.

Earlier in March, the company also bought an 11.36-acre land parcel in Gurugram. This land has a revenue potential of around Rs 4,500 crore.

At 12:34 PM, shares of Godrej Properties were trading 3.30% higher at Rs 1,636.50 on the NSE.

Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!

The post Godrej Properties Shares Rise 3.25% After 20-Acre Land Deal appeared first on Equitypandit.