Godrej Properties sets foot in Sonipat; stock trades marginally lower

15 Mar 2022 , 02:27 PM

In its press release today, Godrej Properties Ltd., amongst India’s leading real estate developers, announced that the company has acquired approximately 50 acres of land in Sonipat, Haryana. This project aims to offer approximately 1 million sq. ft. of plotted residential development, with attractive plot sizes along with exceptional lifestyle amenities. The site is located to provide easy connectivity to the Delhi border and national highways.

The site is in close proximity to upcoming Industrial and education hubs of Sonipat and offers a well-developed social infrastructure.

Mohit Malhotra, MD & CEO, Godrej Properties, said, “Godrej Properties is pleased to announce its entry into Sonipat. The project is in line with our strategy of deepening our presence across the country’s leading real estate markets. Sonipat has seen a lot of infrastructure developments over the last couple of years and is going to play a crucial role in the NCR growth story”.

Godrej Properties is currently trading at Rs1,474 down by Rs11.9 or 0.8% from its previous closing of Rs1,485.90 on the BSE. It touched day’s high and low of Rs1,536.25 and Rs1,466.85 respectively.