The company said that with an area of 34 acres, this is one of the largest real estate projects in Mumbai and is the first step towards the greater development opportunity that will unfold in Vikhroli.
The company announced the launch of its mixed use flagship project, The Trees, in Mumbai.The project comprises of a 5 star luxury hotel, cultural buildings, luxury residential, and a high street retail park.
The first phase of residences in the project contains a total of 374 apartments with a saleable area of approximately 46,000 sq. mt. (500,000 sq. ft.). Customers can choose from 1BHK, 2BHK, 2.5BHK, 3BHK, and 3.5 BHK apartments with carpet areas ranging from 45 sq. mt. to 124 sq. mt. (480 sq. ft. to 1,334 sq. ft.) and Penthouses with carpet areas ranging from 190 sq. mt. to 229 sq. mt. (2,043 sq. ft. to 2,465 sq. ft.).
The scrip opened at Rs. 326.2 and has touched a high and low of Rs. 330.5 and Rs. 323.9 respectively. So far 44471(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6473.21 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 374.5 on 20-Oct-2015 and a 52 week low of Rs. 231.55 on 30-Apr-2015. Last one week high and low of the scrip stood at Rs. 330 and Rs. 314.1 respectively.
The promoters holding in the company stood at 74.86 % while Institutions and Non-Institutions held 10.01 % and 15.13 % respectively.
The stock is currently trading below its 50 DMA.
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