GODREJ PROPERTIES UP 2% ON THE TREES' PHASE-II LAUNCH IN MUMBAI

"TheTreesisoneofthelargestrealestate projects in Vikhroli, Mumbai. This second phase of residences contains a total of 256 apartments with a saleable area of approximately 32,000 sq.m. (3,44,000 sq.ft.)," says the Mumbai-based real estate company in its filing. Shares of Godrej Propertiesgained 2.4% intraday Thursday on launch of residential phase - II of flagship project - The Trees - in Mumbai.

"The Trees is one of the largest real estate projects in Vikhroli, Mumbai. This second phase of residences contains a total of 256 apartments with a saleable area of approxi- mately 32,000 sq.m. (3,44,000 sq.ft.)," says the Mumbai- based real estate company in its filing.

First phase of project was launched in November 2015. "In first phase, we saw rapidsaleswith348apartmentsrepresenting 93% of total available units sold within one month of launch," the company says.

TheTreesmixed-useddevelopmentcontainsa commercialprecinctspreadacross9.4acres.

At 15:06 hours IST, the scrip of Godrej Properties was quoting at Rs 280.10, up Rs 1.85, or 0.66% on the BSE.

Published on 10th May 2016 in Moneycontrol.com

GODREJ PROPERTIES STOCK HITS 52- WEEK HIGH

Godrej Properties stock hit 52-week high on Wednesday after the company said it had sold 1,000 apartments since March. Godrej Properties, the property development arm of Godrej Group, sold about 1000 apartments across three new projects in Mumbai, Greater Noida and Pune since March 2017, the company said on Wednesday. The company sold 130 apartments at Godrej Origins at the Trees project in Mumbai within the first week of the launch. It sold 500 suites at Godrej Golf Links in Greater Noida and another A-50 apartments in Godrej, in Pune, the firm also stated.

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