9 hours Ago
Shares of Godrej Properties are likely to remain in focus today as the company announced the acquisition of a 53-acre land parcel in Kolkata with a potential development of 1.3 million square feet of saleable area. “Godrej Properties Ltd.
(GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced that it has acquired a 53 acre land parcel in Joka, Kolkata. The proposed project is estimated to have a development potential of ~ 1.3 million square feet of saleable area comprising primarily residential plotted development with an estimated revenue potential of Rs 500 crore,” said the company in a filing to the stock exchanges.
The land is strategically located in the fast-developing micro-market of Joka, which is close to the main city and in proximity to Diamond Harbour, a well-known seaside weekend getaway, the filing further informed. With IIM-Calcutta as an educational landmark, enhanced healthcare facilities, and commercial centers, Joka offers residents convenience and quality of life. “This land acquisition fits with our strategy of deepening our presence across India's leading cities.
We will aim to build an outstanding plotted development project in Joka that creates long term value for its residents,” said Gaurav Pandey, MD & CEO of Godrej Properties. Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading A2Z of Stock Trading - Online Stock Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Advanced Strategies in Stock Market Mastery By - CA Raj K Agrawal, Chartered Accountant View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading A2Z of Stock Market for Beginners: Stock Market Course For Beginners By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Commodity Markets Made Easy: Commodity Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Also read: Tech view: Nifty faces resistance at 23,800, short-term trend negative. How to trade on Thursday Godrej Properties reported a 402% year-on-year (YoY) jump in its net profit to Rs 335 crore in the second quarter ended September 2024, as compared to Rs 67 crore a year ago.
The shares of Godrej Properties have increased by 17.9% in the last one year and by 7.34% in the current year so far.
However, the same has declined by 3.5% in the last 3 months and by 4.5% in the last 1 month.
Godrej Properties shares closed 2.28% higher at Rs 2,690.15 on the BSE on Tuesday.
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