Godrej Properties has decided to cancel its plans to invest Rs 700 crore in DB Realty to acquire 10 per cent stake and set up a joint platform
The real estate firm said the decision was taken after receiving shareholders' feedback. On Friday, the company's scrip fell nearly 10% on BSE
In the last two trading sessions, the stock has tanked 16 per cent. The company reported a subdued December quarter as its pre-sales volumes declined 7 per cent YoY and 39 per cent on a QoQ basis.
Total income increased to Rs 466.91 crore in the quarter from Rs 311.12 crore in the corresponding period of the previous year, according to a regulatory filing
Godrej Properties to invest another Rs 300 cr to jointly build redevelopment projects
Stocks like Godrej Property can surge 15 per cent, where as Navin Fluoro can easily jump another 10 per cent provided it consecutively closes above Rs 4250
Realty firm Godrej Properties Ltd on Monday said it has entered into a joint venture (JV) with TDI group to build a luxury housing project at Connaught Place in Central Delhi.
Realty firm Godrej Properties Ltd on Friday said it has bought a 16-acre land parcel in Bengaluru to develop primarily residential properties, as part of its strategy to expand business in major cities. The company did not disclose the deal value as well as the name of the seller. In a regulatory filing, Godrej Properties, which is one of the country's leading real estate developers, informed that it has purchased a land measuring approximately 16 acres at a strategically located and fastest developing micro-market of Sarjapur to develop a mid-income project. The project is estimated to have a developable potential of about 1.5 million square feet saleable area, comprising primarily residential apartments of various configurations. Sarjapur is one of the most preferred residential locations in Bengaluru and also has excellent connectivity to the IT/ITES belt at Bellandur on Outer Ring Road and several key hubs of the city. Mohit Malhotra, MD & CEO, Godrej Properties, said, ...
Tarsons Product will make its debut on the bourses today, the issue price was fixed at Rs 662 per share
Fair value of assets & liabilities acquired have been determined provisionally based on independent valuation report; goodwill of Rs 294.50 crore has been recognised
The sales bookings had stood at Rs 2,605 crore in the corresponding period of the last financial year
Total income rose to Rs 334.22 crore in the second quarter of this fiscal from Rs 250.23 crore in the corresponding period of the previous year, according to a regulatory filing.
At 01:05 pm, the S&P BSE Realty index, the top gainer among sectoral indices, was up 4.7 per cent
In the past one month, the stock of Godrej Properties has zoomed 64 per cent as compared to 5.6 per cent rise in the S&P BSE Sensex
The land parcel is situated in a marquee residential location and is in very close proximity to Matunga Five Gardens
Godrej Properties sold record 340 apartments worth Rs 580 crore in second phase of Noida project
Valuations, however, factor in the demand uptick
The Nifty Realty Index can soar up to 15% on hopes of a strong demand for housing this festive season
Godrej Properties said it sold 340 homes with an area of more than half a million square feet on the first day of launch, making it one of the most successful launches in the country in recent times
Top listed players eyeing higher market share