Introduction:
Leading real estate developer has entered the Hyderabad market with a premium residential project, Godrej Madison Avenue, in Kokapet. The 50-storey tower offers 3 & 4 BHK apartments, featuring high-end amenities and strategic connectivity to key locations.
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Share price movement of Godrej Properties:
On January 13, 2025, Godrej Properties Ltd. opened at ₹2,357.10, down 1.19% from its previous close of ₹2,385.90. The stock reached a high of ₹2,372.25 and a low of ₹2,331.05. By 10:48 AM, it traded at ₹2,357.50, a 1.19% decrease, with a market cap of ₹70,778.12 crore.
Godrej Properties Launches Premium Project in Hyderabad:
Godrej Properties has entered the Hyderabad market with its first premium residential project, Godrej Madison Avenue, located in Kokapet. The 50-storey tower, with an estimated booking value of ₹1,300 Cr, aims to redefine high-end living.
The project spans 3 acres and offers 1.2 million square feet of saleable area, featuring 3 & 4 BHK apartments. Inspired by Manhattan architecture, the development includes exclusive amenities like a gym, badminton court, and a triple-height lobby, prioritizing wellness.
Strategically located on the Golden Mile Road, Godrej Madison Avenue benefits from excellent connectivity to key destinations like the Rajiv Gandhi International Airport and top schools. Its location in Kokapet positions it as a sought-after address for premium buyers.
Recent news on Godrej Properties:
As of January 10, 2024, Godrej Properties Ltd. acquired 24 acres of land in Indore to develop premium residential plots. The project, with an estimated revenue potential of ₹500 crore, will offer 6.20 lakh sq. ft. of saleable area.
Stock performance of Godrej Properties for Period of 1 week, 6 months and 1 year:
Godrej Properties Ltd has faced a challenging period with an 8.78% decline in the past week and a 29.4% drop over the last six months. However, it has posted a modest 4.96% return over the past year.
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Shareholding pattern of Godrej Properties:
| All values in % | Dec 2024 | Sep 2024 | Jun 01, 2024 |
| Promoter | 46.50% | 58.50% | 58.50% |
| FII | 31.10% | 28.30% | 29.90% |
| DII | 9.20% | 7.10% | 5.60% |
| Public | 13.20% | 6.10% | 6.00% |
About Godrej Properties:
Godrej Properties Ltd. (NSE: GODREJPROP), the real estate arm of the Godrej Group, is India’s largest developer by homes sold. Established in 1990, it has delivered 41 million sq. ft. since FY18, with 215 million sq. ft. under development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
