Announced Tue, 30 Jun · 05:49 IST
Godrej Properties buys about 47 acres in Chennai for plotted development
Compliance View source PDF
GODREJPROP · price
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Price reaction · full curve 14 horizons · vs prior close
+7.1%1-day move
₹1827.50
prior close
₹1845.00
base price
After-mkt
timing
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-0.2-0.5-0.7-0.5+7.1+7.2+8.9+12.0+11.8+11.0+18.5———
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AI summary
Godrej Properties acquired about 47 acres off Old Mahabalipuram Road in South Chennai through outright purchase. The project will offer around 1.2 million sq ft of developable potential, primarily plotted residential units, with estimated revenue potential of about INR 500 crore. The site provides access to employment hubs along the Siruseri Kelambakkam corridor including SIPCOT, Vandalur and Guduvanchery.
Likely market impact
Strengthens GPL land bank in a fast-growing South Chennai micro market, adding to its future revenue pipeline.