Godrej Properties rallies on selling entire inventory at Godrej Icon
The stock has moved higher by 8% to Rs 258 after the company said that it has sold its entire launched inventory at Godrej Icon in Gurgaon.
 "Godrej Properties rallies on selling entire inventory at Godrej Icon")
Shares of Godrej Properties moved higher by 8% to Rs 258 on the NSE in late-noon trades after the real estate developer said that it has sold its entire launched inventory at Godrej Icon in Gurgaon.
“The company has sold over 200 apartments, with an area over 400,000 square feet in just three weeks at the launch of its residential project, Godrej Icon, in Sector 89A/88A, Gurgaon,” Godrej Properties said in a press release.
Spread over 9 acres, Godrej Icon consists of 9 towers including a 32-storey Iconic tower. The project is being developed as a joint venture with Oasis Build home Private Limited, the company added.
Godrej Properties is currently developing residential, commercial and township projects spread across 10 million square meters (108 million square feet) in 12 cities.
The trading volumes on the counter more than doubled, with a combined 301,086 shares changing hands on the counter on the NSE and BSE.
“The company has sold over 200 apartments, with an area over 400,000 square feet in just three weeks at the launch of its residential project, Godrej Icon, in Sector 89A/88A, Gurgaon,” Godrej Properties said in a press release.
Spread over 9 acres, Godrej Icon consists of 9 towers including a 32-storey Iconic tower. The project is being developed as a joint venture with Oasis Build home Private Limited, the company added.
Godrej Properties is currently developing residential, commercial and township projects spread across 10 million square meters (108 million square feet) in 12 cities.
The trading volumes on the counter more than doubled, with a combined 301,086 shares changing hands on the counter on the NSE and BSE.