Godrej Properties Shares Rise 2.5% After Bengaluru Land Acquisition

Mumbai, 15 October 2025: Godrej Properties Ltd’s share price on the NSE rose by 2.55% to ₹2,109.90 in early trading on Wednesday, after the company disclosed the purchase of a prime 26-acre land parcel in South Bengaluru, located off Sarjapur Road. The project has an estimated revenue potential of ₹1,100 crore.

Godrej Properties, part of the Godrej Industries Group, is at the forefront of innovation, sustainability and design excellence across its developments. In FY25, Godrej Properties was the largest residential developer in India by sales value and ranked #1 globally on GRESB, among listed residential developers, for its sustainability and governance activities.

Strategic Land Acquisition

In a regulatory filing, the company stated that this acquisition reinforces its confidence in the Sarjapur Road corridor, a rapidly developing residential micro-market. The location offers excellent connectivity to major employment hubs like Whitefield, Outer Ring Road, and Electronic City, while also providing easy access to high-quality social infrastructure, including renowned schools, hospitals, retail centres, and leisure destinations. These attributes have made Sarjapur one of Bengaluru’s most sought-after residential areas, attracting discerning homebuyers and investors alike.

Market Sentiment

At 12:45, the stock was quoted at ₹2,130.20, an increase of ₹72.80 (3.54%) from its previous close at ₹2,057.40. It achieved an intraday high of ₹2,115 and a low of ₹2,067.40 from its opening price of ₹2,067.60. The counter had a volume-weighted average price (VWAP) of ₹2,193.43 with 1.69 lakh shares traded, for a total traded value of ₹35.59 crore.

Investor sentiment remained positive, with buy volume (78,951 shares) outnumbering sell volume (71,041 shares). The stock is valued at ₹63,572.61 crore and trades at a P/E of 40.11, consistently ranking among the better performers in NIFTY MIDCAP 50.

CEO Commentary

Gaurav Pandey, MD & CEO, Godrej Properties, said the Sarjapur corridor remains a “key growth hub within Bengaluru’s evolving urban fabric” and emphasized the company’s commitment to delivering thoughtfully designed, high-quality projects that add long-term value.

Outlook

Through this strategic land acquisition, Godrej Properties expands its presence in Bengaluru’s fast-growing housing market. With the uplift of strong demand, location benefits and focus on sustainable development, the company is well-positioned for growth and long-term value creation.

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