Promoter Buys 5,08,942 Shares: This Real Estate Developer Acquires 43 Acres in Panipat for Residential Township; Targets Rs 1,250 Crore Revenue
The stock has delivered a 3-year return of 99.57 per cent, although it has seen a 1-year decline of 26.32 per cent.
Godrej Properties Limited, a major real estate developer in India, has announced the acquisition of a 43-acre land parcel in Sector 40, Panipat, Haryana. This marks the company’s entry into the Panipat market and its fourth residential project in North India. The project will be developed as a plotted residential township, with an estimated developable area of 1.02 million square feet. The company expects the project to generate revenue of over Rs 1,250 crore.
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Strategically located with proximity to the National Highway and well-developed social infrastructure, the township will offer various plot sizes along with modern lifestyle amenities. Gaurav Pandey, Managing Director and CEO of Godrej Properties, emphasised that the move aligns with the firm’s strategy to expand its presence in new markets for plotted development. He stated, “Haryana continues to be a key market for us, and this project in Panipat will contribute towards creating long-term value for residents.”
As of June 27, 2025, the stock price of Godrej Properties Limited stands at Rs 2,363.45, with a 52-week high of Rs 3,381.75 and a low of Rs 1,926.15. The stock has delivered a 3-year return of 99.57 per cent, although it has seen a 1-year decline of 26.32 per cent. The company's Price-Earnings (PE) ratio is 47.21. With a market capitalisation of Rs 71,189 crore, the major public shareholder, Godrej & Boyce Mfg Co Ltd, holds a 3.54 per cent stake. Promoters have increased holdings from 46.50 per cent to 46.67 per cent in the March 2025 quarter, and bought 5,08,942 shares
Godrej Properties, the real estate arm of the Godrej Group, established in 1990, operates on an asset-light model with around 215 million square feet of developable area across India. The company has delivered nearly 41 million square feet of real estate since FY18 and maintains a strong presence in Mumbai, Pune, and Bengaluru. In FY23, it led the Indian market in residential sales by volume and value. The company has also undertaken recent land acquisitions in Hyderabad and Noida to fuel further growth.
With one of the lowest bank borrowing costs in the sector at 5.95 per cent per annum, the company is well-positioned for continued expansion. Declining inventory levels due to a demand-supply gap in Tier-1 cities and rising market share in NCR and Bengaluru further support its growth prospects.
Disclaimer: The article is for informational purposes only and not investment advice.