17 Jun 2025

Godrej Properties Gains Over 1%, Plans Premium Housing Project in Pune

Godrej Properties is currently trading at RS. 2466.00, up by 36.05 points or 1.48% from its previous close of RS. 2429.95 on the BSE.

The stock opened at RS. 2459.55 and recorded an intraday high of RS. 2470.00 and a low of RS. 2445.50. A total of 2920 shares have been traded so far.

This BSE group 'A' stock, with a face value of RS. 5, has touched a 52-week high of RS. 3400.00 on July 16, 2024, and a 52-week low of RS. 1869.50 on April 7, 2025. Over the past week, the stock has seen a high of RS. 2482.90 and a low of RS. 2311.10. The current market capitalization stands at RS. 73186.42 crore.

Promoters hold a 46.67% stake in the company, while institutional and non-institutional investors hold 39.87% and 13.46% respectively.

Godrej Properties has announced plans to develop a 16-acre land parcel in Upper Kharadi, Pune. The proposed development will primarily consist of premium group housing and high-street retail, with a total developable area of approximately 2.5 million square feet and an estimated revenue potential of around RS. 3100 crore.

The site is strategically located in the high-growth Kharadi-Wagholi micro-market, offering excellent connectivity to key commercial zones and proximity to IT hubs such as Viman Nagar, Magarpatta, and Hadapsar. The area also benefits from robust social infrastructure, including schools, hospitals, malls, restaurants, and premium hotels—making it an attractive destination for homebuyers.

Godrej Properties, part of the Godrej Group, is one of India’s leading real estate developers. Headquartered in Mumbai, the company is engaged in residential, commercial, and township projects across major cities.