InvestorQ : Why are investors looking so positive on Godrej Properties?
Rutuja Nigam made post

Why are investors looking so positive on Godrej Properties?

2 years ago

Despite very tepid results in the Sep-20 quarter, Godrej Properties went on to hit a high of Rs.1,256 in the stock markets on 08 December. Is it just euphoria or is it about some real story that investors are betting on the stock for.

The story appears to be quite interesting. For example, the company has laid out very grand expansion plans in the fast growing real estate market of Bengaluru in South India. Godrej Properties will develop a residential project in Whitefield near Bengaluru and towards this end it has already entered into an outright purchase transaction for the land parcel. \

The overall project will be quite massive. It will be spread across 18 acres and offer 2.4 million SFT of saleable area. The focus will primarily be on residential apartments in a fairly posh and fast growing area of the technology city. Despite the pandemic, Godrej views it as an opportunity to drive market share growth in cities where it is yet not too active.