28 Feb 2025

Godrej Properties Gains 0.59% on BSE, Sells Rs 1,000 Crore Inventory in Pune Project

Godrej Properties is currently trading at Rs 1949.30, up by 11.45 points or 0.59% from its previous closing of Rs 1937.85 on the BSE.

The stock opened at Rs 1917.55 and has touched a high of Rs 1962.45 and a low of Rs 1903.85. So far, 4,695 shares have been traded.

The BSE group 'A' stock, with a face value of Rs 5, reached a 52-week high of Rs 3400.00 on July 16, 2024, and a 52-week low of Rs 1903.85 on February 28, 2025. In the past week, the stock traded between Rs 2037.65 and Rs 1903.85. The company’s current market capitalization stands at Rs 59,024.44 crore.

The promoter holding in the company is at 46.50%, while institutions and non-institutions hold 40.25% and 13.25%, respectively.

Meanwhile, Godrej Properties (GPL) has achieved record sales of over Rs 1,000 crore in its project, Godrej Evergreen Square in Hinjewadi, Pune. Launched in November 2024, just four months after acquiring the land, this has been GPL’s most successful launch in Pune in terms of value and volume of sales.

Godrej Evergreen Square spans approximately 2.41 million square feet and has an estimated revenue potential of Rs 2,045 crore. The project is one of GPL’s large residential developments, strengthening its presence in Pune’s western suburbs.

Hinjewadi is a prime residential hub with well-developed infrastructure, including schools, healthcare facilities, retail malls, and entertainment centers. The area has strong connectivity to the Mumbai-Bangalore Highway, Mumbai-Pune Expressway, and the metro network. The upcoming metro line linking Hinjewadi to Shivaji Nagar, with a metro station just 2 minutes from the project, will significantly reduce travel time and enhance connectivity.

Godrej Properties, a subsidiary of the Godrej Group, is one of India’s leading real estate developers, based in Mumbai, Maharashtra. The company focuses on residential, commercial, and township developments across the country.