Real estate company emerges as the top bidder for 2 prime projects, with potential revenue of Rs 3,100 crore!

Real estate company emerges as the top bidder for 2 prime projects, with potential revenue of Rs 3,100 crore!

Siddharth Mane
/ Categories: Trending, Mindshare

On Thursday, shares of the company surged by more than 1.5 per cent and traded on its new 52-week high of Rs 1,629.

Godrej Properties brings innovation, sustainability, and excellence to real estate with a 126-year legacy. They emerged as India's largest developer in FY 2021, focusing on sustainable development and earning top rankings for sustainability and governance. They have received over 400 awards, establishing themselves as a trusted and acclaimed brand.

Godrej Properties, a leading real estate developer in India, has emerged as the highest bidder and secured the Letter of Intent for two luxury group housing plots in Gurugram's prestigious Golf Course Road micro-market. The combined revenue potential of these projects is estimated to be around INR 3,100 crore. This strategic move aligns with Godrej Properties' expansion strategy and strengthens their position as a prominent developer in the NCR region. The projects aim to create an exceptional residential community that offers a high-quality lifestyle and long-term value for residents.

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The company has delivered returns of 23 per cent over the past year and returns of 84 per cent over the past 3 years. Additionally, the company has been able to grow its sales by 7 per cent (CAGR) for the past 5 years and profit has grown by 90 per cent (CAGR) for the same period.

On Thursday, shares of the company surged by more than 1.5 per cent and traded on its new 52-week high of Rs 1,629.

Investors should keep a close eye on this trending stock.

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