Portions of Godrej Properties end higher in the wake of selling more than 1,000 units. houses in Gurugram

Portions of Godrej Properties Ltd (GPL) rose more than 3% on Monday after the engineer said it sold houses worth over Rs 3,000 crore in somewhere around three days of the send off of its Godrej Apex project in Gurugram, Haryana. Portions of Godrej Properties shut 3.58% higher at Rs 2,592 as against its past close of Rs 2,502.30 on BSE. Prior, the organization’s portions rose 7.58% intraday to arrive at a record high of Rs 2,692.05.

Godrej Properties stock is exchanging higher than its 5-day, 20-day, 30-day, 50-day, 100-day and 200-day moving midpoints. The organization’s stock has acquired 130.35% in one year and is up 29.55% in 2024.

The stock tumbled to a 52-week low of Rs 1,165 on April 10, 2023.

A sum of 1.42 lakh portions of the organization changed hands, bringing about a turnover of Rs 37.21 crore on the BSE. The land organization’s market capitalization rose to Rs 72,068 crore on the BSE.

Godrej Properties said it has sold more than 1,050 homes with an area of north of 2 million square feet under this venture, making it the best advancement to date regarding both worth and deals volume.

“In FY24, for the second time in Gurugram and fourth time across India, GPL recorded starting deals of over Rs 2,000 crore. Godrej Properties Ltd. (GPL), one of India’s driving land designers, today reported that it has sold north of 1,050 houses worth over Rs 3,000 crore under its Godrej Pinnacle project, situated in Area 89, Gurugram. This is the best send off of Godrej Properties such a long ways concerning worth and deals volume. Godrej Peak is GPL’s biggest private improvement in Gurugram. The organization has recorded a 473% YoY development in deals in Gurugram in FY24 and has areas of strength for an arrangement for FY25 which incorporates new task dispatches arranged in Areas 103, 43 and 54. These arranged send-offs will altogether reinforce GPL’s presence in the city market.” – said the designer.

This is the second time in Gurugram and fourth time in India that GPL has recorded deals of over Rs 2,000 crore during its FY24 send off.

In Q4FY24, the organization sold stock worth Rs 2,690 crore from its Kandivali-based Godrej Hold project in Mumbai. It likewise sold stock worth over Rs 2,875 crore from its Godrej Blue-blood project, situated in Area 49 on Fairway Expansion Street in Gurugram, and accomplished deals worth over Rs 2,000 crore from its Godrej Tropical Isle project in Noida in the second quarter of the year spinning 24.

Gaurav Pandey, MD and Chief, Godrej Properties said, “We are happy with the reaction to our Godrej Pinnacle project. We might want to make a move to thank our clients and all partners for their confidence in Godrej Properties genuinely. We will really bend over backward to guarantee that Godrej Apex gives its occupants an outstanding living encounter. Gurugram is a critical market for Godrej Properties and we will hope to additionally reinforce our presence in Gurugram before very long.”