Godrej Properties Rises After Buying Land in Bengaluru and Raipur

Godrej Properties' shares rose for the fifth day in a row, reaching ₹2,358 on July 18, after the company bought 48 acres of land in North Bengaluru. The area is near Satellite Town Ring Road and will be used to build plotted homes over 1.1 million sq. ft. Earlier this week, Godrej also bought 50 acres of land in Raipur for a premium plotted residential project, close to key city locations. The stock has gained 6% in 5 days, while Nifty 50 fell by 0.5% in the same period.