Godrej Properties adds a new project in Sarjapur, Bangalore

The Mumbai-based real estate developer and one of India's leading real estate developers Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPROP), today announced that it has entered into an outright transaction to purchase a well located land parcel in Sarjapur, Bangalore.

Spread across approximately 15 acres, this project will offer approximately 0.15 million square meters (1.6 million square feet) of potential saleable area comprising of residential apartments of various configurations.

Sarjapur has established itself as one of the most preferred residential locations in Bangalore with good connectivity to Outer Ring Road and several other key hubs of Bangalore. The site is strategically located and offers an extremely well developed social and civic infrastructure with multiple schools, hospitals, retail, residential, and commercial spaces in close proximity.

Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties said, "Bangalore is a key market for us and this project addition fits well with our strategy of deepening our presence across the country's leading real estate markets."

Shares of Godrej Properties Ltd was last trading in BSE at Rs.902.9 as compared to the previous close of Rs. 912.25. The total number of shares traded during the day was 13375 in over 870 trades.

The stock hit an intraday high of Rs. 938 and intraday low of 886.95. The net turnover during the day was Rs. 12170193.

Source : Equity Bulls

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