Godrej Properties trades at new 52-week high post adding new project in Bengaluru

The real estate company, Godrej Properties Limited announced on Tuesday that it has entered into a transaction to purchase a well-located land parcel in Whitefield (Bengaluru).

The real estate developer, Godrej Properties will develop a residential project in Whitefield. The property is spread across 18 acres and the project is set to offer 2.4 million square feet of saleable area, which includes primarily residential apartments of various configurations.

Bengaluru is a key market for the company and the project would help the company to deepen its presence across the country's leading real estate markets.

Godrej Properties, a subsidiary of Godrej Industries, has a total developed area of 194 million sq ft with a total of 86 projects. It is India’s largest publicly-listed developer by booking value over the past five years.

At 10.34 am today, the stock was trading higher by 2.25 per cent at Rs 1,238.00. The stock reached its intraday high of Rs 1,249.30, making a new 52-week high value. The stock delivered a YTD return of 24.33 per cent compared to S&P BSE Realty of (-)1.71 per cent.