Godrej Properties buys 31-acre land in Indore for Rs 130 cr to build housing project
Godrej Properties is in focus.
· Economic Times Markets
Godrej Properties Ltd has successfully purchased a sprawling 31 acres of land in Indore for approximately Rs 130 crore. The company is set to embark on the creation of residential plots, providing an impressive saleable area of around 0.7 million square feet.
The analysis
Godrej Properties reported Rs 130 cr and Rs 130 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.3% on the day at ₹1,854.90, and has returned -8.5% over three months. It sits 16% below its 52-week high. The real estate sector has moved -3.9% over the same period, so Godrej Properties is running 4.6 points behind its peers.
For Godrej Properties, the question is how much of this is already reflected in the price and how much re-rates the real estate peer set alongside it.
Market context
- In focus: Godrej Properties (GODREJPROP), in Real Estate.
- Over three months: Godrej Properties -8.5% against Real Estate -3.9% (4.6 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Godrej PropertiesGODREJPROP · Real Estate | ₹1,854.90 | -1.3% | +16.4% | -8.5% | -15.9% | 1.0× | — |
Real Estate
1M +6.3% · 3M -3.9%
Godrej Properties
Prices as of 13 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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