Godrej Properties acquires land in Pune, shares rise 1%
after close1 source ↓written by the desknot a recommendation
- to a high
- 1%
- a high
- ₹1,588.60
- after announcing
- 30 Jan 2023
- land parcel
- 8.5-acre
- and will focus
- ₹2,000 cr
Shares of Godrej Properties Ltd rose 1% to a high of ₹1,588.60 on 30 Jan 2023 after announcing the acquisition of an 8.5-acre land parcel in Mahalunge, Pune. The project has an estimated revenue potential of ₹2,000 cr and will focus on group housing with a developable area of 2.1 million sq ft. This strategic location near key IT hubs enhances growth prospects.
Not investment advice. For informational purposes only.