Godrej Properties to Develop Prime Land Parcels in Pune and Bengaluru
Godrej Properties is developing a 11-acre land parcel in Pune and a 7-acre plot in Bengaluru, with a combined revenue potential of Rs 3,000 crore.
Godrej PropertiesPuneBengaluruReal EstateLand DevelopmentReal Estate PuneJul 01, 2024
In addition, Godrej Properties has also purchased a nearly 7-acre plot in Thanisandra, North Bengaluru, to develop a high-end residential project. The project is expected to have a developable potential of nearly 9 lakh square feet, with a revenue potential of nearly Rs 1,200 crore.
The company's stock has been in focus, with shares ending 3.35% higher at Rs 3207.80 on BSE. The market cap of the realty firm rose to Rs 89,195 crore on BSE. Godrej Properties stock has gained 102% in one year and 60.33% in 2024.
Gaurav Pandey, MD & CEO, Godrej Properties, said, 'Hinjewadi is an important micro market for us in Pune and we are happy to add this land parcel to our portfolio. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India. We will aim to build an outstanding gated community that creates long-term value for its residents.'
_BACKGROUND INFORMATION_
Godrej Properties is a leading real estate developer in India, with a presence in 12 cities across the country. The company has a strong track record of developing high-quality residential and commercial projects.
.BOILERPLATE_
Godrej Properties is a subsidiary of the Godrej Group, a leading business conglomerate in India. The company is known for its commitment to quality, sustainability, and customer satisfaction.
Frequently Asked Questions
What is the size of the land parcel in Pune?
The land parcel in Pune is approximately 11 acres.
What is the developable potential of the Pune project?
The developable potential of the Pune project is nearly 2.2 million square feet.
What is the revenue potential of the Bengaluru project?
The revenue potential of the Bengaluru project is nearly Rs 1,200 crore.
What is the strategy of Godrej Properties in terms of micro-markets?
Godrej Properties aims to strengthen its presence across key micro-markets in India.
What is the market cap of Godrej Properties?
The market cap of Godrej Properties is Rs 89,195 crore on BSE.
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