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Godrej Properties shares up over 7%

1 Comment Sub Category:Uncategorized Posted On: Jul 04, 2012

Shares of realty firm Godrej Properties has gained over 7 per cent, with its market capitalization added to Rs 156 crore in a single trading session.

Shares of the company, which had jumped more than 7 per cent to a high of Rs 560 on the BSE, settled for the day with gains of over 3.24 per cent.

Accordingly, the market capitalization of the company rose to Rs 4,212 crore from Rs 4,056 crore yesterday, gaining Rs 156 crore.

The property fund, led by Dutch firm APG Sparinvest Property Investors, aims to develop mid-income residential projects in the big cities.

The fund will focus primarily on development of mid- income residential projects in Mumbai, Delhi NCR, and Bangalore and may also consider opportunities in Pune and Chennai.

To read more real estate news:

Godrej Properties ties up with APG

Source: Economic Times

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