Godrej Properties shares decline despite ₹2,400 crore revenue boost
after close1 source ↓written by the desknot a recommendation
- Properties shares fell
- 0.39%
- on 20 Nov
- ₹2,122.10
- land parcel
- 3.8-acre
- in revenue
- ₹2,400 crore
- of development potential
- 2 million sq. ft.
Godrej Properties shares fell 0.39% to ₹2,122.10 on 20 Nov 2023, despite acquiring a 3.8-acre land parcel in South Bengaluru. This acquisition is expected to unlock ₹2,400 crore in revenue and 2 million sq. ft. of development potential, contributing to an overall ₹3,500 crore revenue from a 30-acre development plan.
The decline in share price may reflect market skepticism despite the significant revenue potential, impacting investor sentiment in the real estate sector.
Not investment advice. For informational purposes only.