Godrej Properties rallies over 6% on Pune township project

NEW DELHI: Godrej Properties Ltd rallied as much as 6.7 per cent in trade on Wednesday, after the realty firm said it will develop a new township project at Pune in partnership with two other companies.

However, the stock ended in red, down 2.17 per cent or Rs Rs 5.45 at Rs 245.4.

Almost 1.8 equity traded in a block deal in Godrej Properties. 35 lakh shares were traded at a price of 258.30/share.

In a filing to the BSE, the Mumbai-based company said it has launched its township project, Godrej Infinity, in Pune.

The township is spread across 43 acres, with a total saleable area of about 3.2 million sq ft, Godrej Properties, the realty arm of the Godrej Group, said.

Godrej Infinity is a joint development project, being developed by Godrej Properties in partnership with Oxford Group and Ekta World, PTI reported.