Latest news with #GodrejPropertiesLtd
Business Standard
2 days ago
- Business
- Business Standard
Quick Wrap: Nifty Realty Index declines 4.07%
Nifty Realty index ended down 4.07% at 911.9 today. The index is down 8.00% over last one month. Among the constituents, Lodha Developers Ltd slipped 5.96%, Godrej Properties Ltd shed 5.28% and DLF Ltd fell 4.73%. The Nifty Realty index is down 15.00% over last one year compared to the 0.62% decline in benchmark Nifty 50 index. In other indices, Nifty Media index is down 2.70% and Nifty Private Bank index has dropped 1.65% on the day. In broad markets, the Nifty 50 has dropped 0.63% to close at 24680.9 while the SENSEX is down 0.70% to close at 80891.02 today.
Time of India
21-07-2025
- Business
- Time of India
Stock market update: Nifty Realty index advances 0.02% in an upbeat market
NEW DELHI: The Nifty Realty index traded positive around 11:13AM(IST)on Monday in an upbeat market. Raymond Ltd.(up 2.37 per cent), Godrej Properties Ltd .(up 0.72 per cent), DLF Ltd.(up 0.45 per cent) and Phoenix Mills Ltd .(up 0.14 per cent) were among the top gainers. Explore courses from Top Institutes in Select a Course Category Degree Data Science CXO others Project Management Cybersecurity healthcare Public Policy Operations Management Finance MCA Healthcare Design Thinking Leadership MBA Data Science PGDM Management Artificial Intelligence Data Analytics Others Digital Marketing Product Management Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details Brigade Enterprises Ltd .(down 1.22 per cent), Sobha Ltd.(down 0.87 per cent), Lodha Developers Ltd.(down 0.43 per cent), Anant Raj Ltd .(down 0.25 per cent) and Prestige Estates Projects Ltd .(down 0.24 per cent) were the top losers on the index. The Nifty Realty index was up 0.02 per cent at 1000.1 at the time of writing this report. Benchmark NSE Nifty50 index was up 101.6 points at 25070.0, while the BSE Sensex was up 388.23 points at 82145.96. Live Events Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red. Shares of Vodafone Idea, YES Bank, JP Power, PC Jeweller and Ola Electric Mobilit were among the most traded shares on the NSE. Shares of Bluspring Enterprises Ltd., Gallantt Metal , Paradeep Phosphates , Digitide Solutions Ltd. and Soma Textiles hit their fresh 52-week highs in today's trade, while Reliance Comm , LCC Infotech, Smartworks Coworking , Supreme Engineering and Marshall Machines hit fresh 52-week lows in trade.
Business Standard
17-07-2025
- Business
- Business Standard
Prestige Estates Projects Ltd Spurts 1.67%
Prestige Estates Projects Ltd has added 3.27% over last one month compared to 1.78% fall in BSE Realty index and 1.43% rise in the SENSEX Prestige Estates Projects Ltd rose 1.67% today to trade at Rs 1747.8. The BSE Realty index is up 0.57% to quote at 7725.31. The index is down 1.78 % over last one month. Among the other constituents of the index, Godrej Properties Ltd increased 1.32% and Phoenix Mills Ltd added 0.94% on the day. The BSE Realty index went down 12.18 % over last one year compared to the 2.52% surge in benchmark SENSEX. Prestige Estates Projects Ltd has added 3.27% over last one month compared to 1.78% fall in BSE Realty index and 1.43% rise in the SENSEX. On the BSE, 2244 shares were traded in the counter so far compared with average daily volumes of 22058 shares in the past one month. The stock hit a record high of Rs 1971 on 17 Sep 2024. The stock hit a 52-week low of Rs 1048.3 on 07 Apr 2025.
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Business Standard
17-07-2025
- Business
- Business Standard
Tier II boost: Godrej buys 50 acres in Raipur for premium plotted project
Godrej Properties Ltd. (GPL), one of India's top real estate developers, on Wednesday announced its maiden foray into Chhattisgarh's capital city, Raipur, through the acquisition of approximately 50 acres of land. The project, located off Old Dhamtari Road. The project, slated to launch in early 2026, will feature a premium plotted residential development spanning an estimated 9.5 lakh sq. ft. of saleable area. This move marks Godrej's continued focus on scaling its presence in Tier II growth corridors through plotted developments—an asset class increasingly preferred by both homebuyers and long-term investors for its flexibility, faster turnaround time, and appreciation potential. Why Raipur, and Why Now? Raipur—Chhattisgarh's capital—is emerging as a key real estate hotspot, backed by infrastructure investments and rising middle-class aspirations. The site's location near Old Dhamtari Road offers excellent connectivity to Central Raipur, the airport, and railway station. It also benefits from proximity to the Atal Path (Raipur–Naya Raipur Expressway) and upcoming Raipur–Hyderabad and Raipur–Visakhapatnam corridors— 'There's a clear shift toward Tier II and III cities as engines of real estate growth. Locations like Raipur now offer the perfect blend of infrastructure readiness, rising disposable incomes, and demand for secure land-based assets,' said Gaurav Pandey, MD & CEO, Godrej Properties. The Raipur project is part of Godrej's broader land acquisition spree in emerging regions. The company is expected to announce more plotted townships in markets like Nagpur, Bhubaneswar, and Jaipur in the coming quarters. Recently, Godrej Properties acquired a licensed land in Panipat for Rs 600 crore, which is spread over 40 acres and has a potential developable area of 3 million sq ft. In June, Godrej Properties acquired and will develop a 16-acre land parcel in Upper Kharadi, Pune. Development on the land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of around 2.5 million square feet with an estimated revenue potential of Rs 3,100 crore. Investment Case for Plotted Developments The Raipur project aligns with Godrej's strategy of leveraging early-mover advantage in Tier II cities through plotted layouts. Plots offer several financial upsides: Lower entry cost compared to metros Flexible build timelines, lowering capital lock-in Independent asset ownership, attractive for inheritance and resale Faster approvals and execution, enabling quicker monetisation As previously reported by Business Standard, developers including DLF, Birla Estates, and Puravankara are aggressively chasing similar formats in cities such as Coimbatore, Indore, and Mysuru—capitalising on a ₹10-lakh-crore real estate opportunity predicted for non-metros by 2030. Project: Godrej Plotted Development, Raipur Location: Old Dhamtari Road (proximity to Atal Path) Size: ~50 acres | 9.5 lakh sq. ft. saleable area Launch timeline: Likely early 2026
Business Standard
14-07-2025
- Business
- Business Standard
Quick Wrap: Nifty Realty Index rises 1.39%
Nifty Realty index closed up 1.39% at 976.25 today. The index is down 3.00% over last one month. Among the constituents, Sobha Ltd gained 3.00%, Godrej Properties Ltd added 2.29% and Brigade Enterprises Ltd rose 2.06%. The Nifty Realty index is down 11.00% over last one year compared to the 2.37% surge in benchmark Nifty 50 index. In other indices, Nifty Media index added 1.36% and Nifty IT index is down 1.11% on the day. In broad markets, the Nifty 50 is down 0.27% to close at 25082.3 while the SENSEX is down 0.30% to close at 82253.46 today.
