Godrej Properties Ltd. (GPL) is on a winning streak, with its stock price climbing to ₹1,949.30 on the BSE. The company’s latest project, Godrej Evergreen Square in Hinjewadi, Pune, has already raked in over ₹1,000 crore in sales, making it a major success for the company.
The project, with a developable potential of 2.41 million square feet and an estimated revenue potential of approximately ₹2,045 crore, has attracted buyers with its prime location in the bustling IT hub of Hinjewadi. The upcoming metro line to Shivaji Nagar will further enhance connectivity to the project, which is already well-connected to major highways and expressways.
Investors seem to be impressed with Godrej Properties’ performance, with the stock hitting a 52-week high of ₹3,400 on July 16, 2024. The company’s market cap stands at a whopping ₹59,024.44 crore, with promoters holding 46.50% of the shares.
With the success of Godrej Evergreen Square, Godrej Properties is solidifying its reputation as a top player in India’s real estate sector. The company’s commitment to delivering high-quality, well-connected urban spaces is clearly paying off, and investors are taking notice of its impressive growth.
Thanks For Reading Report of Punepress.com