 "Godrej Properties surges on stake sale in BKC Project")
Shares of Godrej Properties have surged by 7% at Rs 328 on the BSE after the real estate developer said it has sold 435,000 square feet (sq.ft.) at its commercial project, Godrej BKC in Bandra-Kurla Complex (BKC), Mumbai for a total consideration of Rs 1,479 crore.
“Godrej BKC is a large high-end commercial real estate project with approximately 1.3 million sq. ft. of saleable area located in the heart of India’s most prestigious and desirable commercial address, the Bandra-Kurla Complex. Godrej Properties has partnered with Jet Airways for this development. The project is expected to be completed and ready for occupancy by mid-2016,” Godrej Properties said in a release.
According to media report, Aboott has bought the said property.
Pirojsha Godrej, managing director & CEO, Godrej Properties , said, “We are very happy to have successfully concluded this large and strategically important deal at our project Godrej BKC. We look forward to delivering Godrej BKC to the highest global standards of design and quality. This deal will be an important driver of our plans to unlock capital invested in our commercial portfolio and will hasten the pace of our growth going forward.”
The stock has hit a high of Rs 336 and a combined 726,419 shares changed hands on the counter on the BSE and NSE till 11:21 a.m.
“Godrej BKC is a large high-end commercial real estate project with approximately 1.3 million sq. ft. of saleable area located in the heart of India’s most prestigious and desirable commercial address, the Bandra-Kurla Complex. Godrej Properties has partnered with Jet Airways for this development. The project is expected to be completed and ready for occupancy by mid-2016,” Godrej Properties said in a release.
According to media report, Aboott has bought the said property.
Pirojsha Godrej, managing director & CEO, Godrej Properties , said, “We are very happy to have successfully concluded this large and strategically important deal at our project Godrej BKC. We look forward to delivering Godrej BKC to the highest global standards of design and quality. This deal will be an important driver of our plans to unlock capital invested in our commercial portfolio and will hasten the pace of our growth going forward.”
The stock has hit a high of Rs 336 and a combined 726,419 shares changed hands on the counter on the BSE and NSE till 11:21 a.m.
