Godrej Properties shares zoom 6 per cent on sale of entire inventory at 'Godrej Icon' in Gurgaon

Shares of Godrej Properties surged over 6 per cent on Thursday after the company said it sold over 200 apartments, with an area over 400,000 sq ft, in just three weeks after the launch of its new residential project in Gurgaon.

Godrej Icon consists of 9 towers in Sector 89A/88A, Gurgaon, including a 32-storey tower.

The location offers excellent connectivity and is approximately 1.5 km from the Dwarka Expressway and 400 metre from Pataudi road. The site is strategically located in the high growth corridor of Gurgaon urban area and is also well connected to the Airport, IFFCO Chowk and the commercial hub of Gurgaon.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.

Shares of the company ended the day at Rs 254.15, up 6.23 per cent higher than its previous close.