Godrej Properties share price rose in the early trade on November 20 following the company acquired additional land parcel in South Bengaluru.
At 09:18am, Godrej Properties was quoting at Rs 2,139.35, up Rs 9.05, or 0.42 percent, on the BSE.
"..... announced the acquisition of an additional ~ 3.8-acre land parcel in South Bengaluru, thereby unlocking Rs 2,400 crore of additional revenue and ~ 2 million sq. ft. of additional development potential," company said in its press release.
With this acquisition, the company sees an estimated total revenue potential of ~ Rs 3,500 crore with ~ 3 million sq. ft. on the overall ~ 30 acres development, it added.
“This expansion gives us the opportunity to create a landmark community that reflects our vision for sustainable, integrated living. The strong performance of our projects in this corridor highlights the depth of demand and the confidence customers place in our brand. We will aim to deliver a development that not only meets the aspirations of today’s homebuyers but also sets new standards for design, wellness, and urban planning in Bengaluru," said Gaurav Pandey, MD & CEO, Godrej Properties.
Also Read - Godrej Properties eyes record-breaking year, confident of surpassing Rs 32,500 crore sales target
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The company had reported a 20 percent year-on-year increase in its consolidated net profit for the September quarter to Rs 405 crore.
It has reported a 64 percent increase in its booking value for the July-September quarter at Rs 8,505 crore, higher by 20 percent over the June quarter, while revenue declined by 32 percent on-year to Rs 740 crore.
In the previous trading session, the share closed down 0.96 percent or Rs 20.55 at Rs 2,130.30.
The share touched a 52-week high of Rs 3,034.95 and a 52-week low of Rs 1,869.50 on 18 December, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 29.81 percent below its 52-week high and 13.95 percent above its 52-week low.
The market capitalisation of the company stands at Rs 64,165.99 crore.
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