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Godrej Properties gains 1% on addition of new residential project in Gurgaon

Godrej Properties : This project will offer approximately 70,500 square meters (approximately 7.5 lakh sq. ft.) of saleable area and will be developed as a modern group housing development.

Shares of Godrej Properties rose 1 percent intraday Thursday as the company added new project in its kitty in Gurgaon.

The company announced the expansion of its residential portfolio in NCR, with an addition of a new residential project in Gurgaon.

This project will offer approximately 70,500 square meters (approximately 7.5 lakh sq. ft.) of saleable area and will be developed as a modern group housing development, company said in release.

This project is situated in an established location within Gurgaon City and has excellent connectivity to the various key micro-markets in Gurgaon.

Pirojsha Godrej, Executive Chairman of Godrej Properties said, “We are happy to add this new project in Gurgaon. This strengthens our development portfolio in NCR and fits well with our strategy of deepening our presence across India’s leading cities.”

“We will seek to ensure this project delivers a great experience for its residents,” he added.

At 09:50 hrs Godrej Properties was quoting at Rs 775, up Rs 3.00, or 0.39 percent on the BSE.

Source : moneycontrol

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