Pirojsha Godrej to take over as Executive Chairman
The stock rallied 12% to Rs 389 after the company posted profit of Rs 77 cr in Q3 against Rs 27 cr in year ago.
Launched before Diwali, the first project in the township, Crest, contains villas of various sizes and configurations
Godrej Golf Links is being developed as a joint venture with ACE Group, a leading developer in NCR.
The company is currently developing residential, commercial and township projects spread across around 128 million sq ft in 12 cities
This is company's first project in Greater Noida and seventh within the National Capital Region (NCR)
Its net profit stood at Rs 51.44 crore in the year-ago period, the Mumbai-based developer said in a regulatory filing
The realty firm buys the stake for Rs 248.50 crore
Godrej Properties will hold a 20 per cent stake in the platform