GODREJ PROPERTIES UP 5%, LAUNCHES REALTY PROJECT IN MUMBAI

"The real estate development arm of the Godrej Group today launched its flagship project, The Trees that has an area of 34 acres," the Mumbai-based real estate developer says in its filing.

Moneycontrol Bureau

Shares of Godrej Properties gained 4.6% Thursday on launching residential real estate project in Mumbai.

"The real estate development arm of the Godrej Group today launched its flagship project - The Trees that has an area of 34 acres," the Mumbai-based real estate developer says in its filing.

The first phase of residences in project contains a total of 374 apartments with a saleable area of approximately 46,000 sq.m. (5 lakh sq.ft.), it adds.

The project consists of 1 BHK, 2 BHK, 2.5 BHK, 3 BHK, and 3.5 BHK apartments with carpet areas ranging from 45 sq.m. to 124 sq.m. (480 sq.ft. to 1,334 sq.ft.) and Penthouses with carpet areas ranging from 190 sq.m. to 229 sq.m. (2,043 sq.ft. to 2,465 sq.ft.).

At 14:27 hours IST, the scrip of Godrej Properties was quoting at Rs 325.00, up Rs 9.50, or 3.01% on the BSE.