Latest news with #Properties
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Business Standard
4 days ago
- Business
- Business Standard
Godrej Properties share price pops 2% on acquiring land parcel in Pune
Godrej Properties share price: Real estate developer Godrej Properties shares rose up to 2.17 per cent to hit an intraday high of ₹2,482.90 per share on Tuesday, June 17, 2025. At 9:25 AM,Godrej Properties shares were trading 1.39 per cent higher at ₹2,463.80 per share. In comparison, BSE Sensex was trading 0.25 per cent lower at 81,591.74 levels. Why did Godrej Properties shares rise in trade? Godrej Properties shares rose after the company announced the acquisition of an approximately 16-acre land parcel in Upper Kharadi, Pune. In a press release, the real estate developer said the project will primarily feature premium group housing and high-street retail, with a developable potential of around 2.5 million square feet and estimated revenue of ₹3,100 crore. 'Upper Kharadi has rapidly emerged as one of Pune's most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area's growing demand and our commitment to expanding in high-potential urban clusters across India. We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents,' said Gaurav Pandey, MD and CEO, Godrej Properties. This marks the company's second acquisition in the Kharadi–Wagholi belt this month, taking the total revenue potential from both projects to around ₹7,300 crore. Strategically located near major IT and commercial hubs like Viman Nagar, Magarpatta, and Hadapsar, the site also benefits from strong social infrastructure, including schools, hospitals, malls, and hotels—making it an attractive destination for homebuyers. Catch Stock Market Updates Today LIVE About Godrej Properties Godrej Properties, part of the Godrej Industries Group, is among the leading real estate developers. It is known for developing residential, commercial, retail, and IT projects across India. In FY24, the company emerged as India's largest real estate developer by residential sales value. The market capitalisation of Godrej Properties is Rs 74,236 crore, according to BSE. The company falls under the BSE200 category. The 52-week low of Godrej Properties stock is Rs 1,869.50 while its 52-week high is Rs 3,400 per share.
Time of India
4 days ago
- Business
- Time of India
Godrej Properties to develop Rs 3,100 cr housing-cum-retail project in Pune
Godrej Properties has acquired a 16-acre land parcel in Upper Kharadi, Pune, for a housing-cum-retail project. The project, with a developable potential of 2.5 million square feet, is estimated to generate a revenue of Rs 3,100 crore. This marks the company's second land acquisition in the Kharadi-Wagholi belt this month, potentially yielding a cumulative revenue of Rs 7,300 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Realty firm Godrej Properties Ltd has acquired 16-acre land in Pune to develop a housing-cum-retail project with an estimated revenue of Rs 3,100 a regulatory filing on Tuesday, the company informed it will develop about 16-acre land parcel in Upper Kharadi, Pune."The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of about 2.5 million square feet with an estimated revenue potential of around Rs 3,100 crore," Godrej Properties is the company's second land acquisition this month in the Kharadi-Wagholi belt, taking the estimated cumulative revenue potential from the two developments to about Rs 7,300 crore. The company did not mention whether the acquisition of this land parcel is through outright purchase or partnership with the Pandey, MD and CEO, Godrej Properties , said,"Upper Kharadi has rapidly emerged as one of Pune's most promising real estate corridors, driven by its evolving infrastructure and strong connectivity".On Monday, Godrej Properties announced a partnership with a landowner to develop 14-acre premium housing project in Bengaluru with an estimated revenue of Rs 1,500 crore."The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore," the company had this month, Godrej Properties acquired 14-acre land in Pune for around Rs 800 crore to develop a housing company expects a revenue of Rs 4,200 crore from the Pune project, which has a developable potential of 3.7 million square Properties is one of the leading real estate developers in the country.
Yahoo
5 days ago
- Business
- Yahoo
TomaGold Announces Sale of Hazeur, Monster Lake East and Monster Lake West Properties for up to $2 million
MONTREAL, June 16, 2025--(BUSINESS WIRE)--TOMAGOLD CORPORATION (TSXV: LOT) ("TomaGold" or the "Company") is pleased to announce that it has entered into a binding term sheet with Northern Superior Resources Inc. (TSXV: SUP; OTCQX: NSUPF; GR: D9M1) ("Northern Superior") for the sale of its wholly-owned Hazeur, Monster Lake East and Monster Lake West properties (the "Properties"), located in the Chibougamau area, in the province of Quebec. In consideration for the acquisition of the Properties, Northern Superior or any wholly-owned subsidiary of Northern Superior (the "Purchaser") will provide the following consideration to TomaGold: Closing Payment: A cash payment of $1,000,000 payable to TomaGold on the closing date of the acquisition; Royalty: TomaGold shall retain a net smelter returns royalty of 2% (the "NSR") on all mineral production from the Properties. The Purchaser, or any successor entity that holds an interest in the Properties, shall have the right to repurchase one half (1.0%) of the NSR at any time for a one-time cash payment of $1,000,000; and Contingent Payment Upon Change of Control: An additional payment of $1,000,000, payable in cash or shares, at the election of the Purchaser (the "Contingent Payment"), shall be payable to TomaGold in the event that either: the Purchaser (or any successor entity, including any entity resulting from a merger, takeover bid, amalgamation, plan of arrangement or similar transaction) is acquired, directly or indirectly, by a third party with a minimum deemed market capitalization of $2 billion at the time of closing of such acquisition; or Northern Superior or the Purchaser (or any entity or person holding the Properties on behalf of Northern Superior) sells, transfers, assigns (including the entering into of an option agreement) the Properties, or completes a similar transaction involving the Properties, to a third party with a minimum deemed market capitalization of $2 billion. David Grondin, President and CEO of TomaGold, said: "This is a great transaction for TomaGold, as it will enable us to finance our exploration activities on our core assets in the Chibougamau camp, without diluting our shareholders." The transaction remains subject to customary conditions, including regulatory approvals, and due diligence investigations, as well as the negotiation and execution of the definitive Asset Purchase Agreement. About TomaGoldTomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in two gold properties in the vicinity of the camp: Obalski and Doda Lake. TomaGold also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc. Cautionary Statement on Forward-Looking InformationThis news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the realization of the transaction under the terms set out in this press release, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions, or other factors should change. Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. View source version on Contacts David GrondinPresident and Chief Executive Officer(514)
Business Wire
5 days ago
- Business
- Business Wire
TomaGold Announces Sale of Hazeur, Monster Lake East and Monster Lake West Properties for up to $2 million
MONTREAL--(BUSINESS WIRE)-- TOMAGOLD CORPORATION (TSXV: LOT) (' TomaGold ' or the ' Company ') is pleased to announce that it has entered into a binding term sheet with Northern Superior Resources Inc. (TSXV: SUP; OTCQX: NSUPF; GR: D9M1) (' Northern Superior ') for the sale of its wholly-owned Hazeur, Monster Lake East and Monster Lake West properties (the ' Properties '), located in the Chibougamau area, in the province of Quebec. In consideration for the acquisition of the Properties, Northern Superior or any wholly-owned subsidiary of Northern Superior (the ' Purchaser ') will provide the following consideration to TomaGold: Closing Payment: A cash payment of $1,000,000 payable to TomaGold on the closing date of the acquisition; Royalty: TomaGold shall retain a net smelter returns royalty of 2% (the ' NSR ') on all mineral production from the Properties. The Purchaser, or any successor entity that holds an interest in the Properties, shall have the right to repurchase one half (1.0%) of the NSR at any time for a one-time cash payment of $1,000,000; and Contingent Payment Upon Change of Control: An additional payment of $1,000,000, payable in cash or shares, at the election of the Purchaser (the ' Contingent Payment '), shall be payable to TomaGold in the event that either: the Purchaser (or any successor entity, including any entity resulting from a merger, takeover bid, amalgamation, plan of arrangement or similar transaction) is acquired, directly or indirectly, by a third party with a minimum deemed market capitalization of $2 billion at the time of closing of such acquisition; or Northern Superior or the Purchaser (or any entity or person holding the Properties on behalf of Northern Superior) sells, transfers, assigns (including the entering into of an option agreement) the Properties, or completes a similar transaction involving the Properties, to a third party with a minimum deemed market capitalization of $2 billion. David Grondin, President and CEO of TomaGold, said: 'This is a great transaction for TomaGold, as it will enable us to finance our exploration activities on our core assets in the Chibougamau camp, without diluting our shareholders.' The transaction remains subject to customary conditions, including regulatory approvals, and due diligence investigations, as well as the negotiation and execution of the definitive Asset Purchase Agreement. About TomaGold TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its primary goal is to consolidate the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in two gold properties in the vicinity of the camp: Obalski and Doda Lake. TomaGold also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc. Cautionary Statement on Forward-Looking Information This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the realization of the transaction under the terms set out in this press release, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions, or other factors should change. Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Time of India
27-05-2025
- Business
- Time of India
Shriram Properties Q4 Results: Net profit jumps over 2-fold to Rs 48 cr
(You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Realty firm Shriram Properties on Tuesday reported a more than two-fold jump in its consolidated net profit to Rs 47.66 crore for the quarter ended March 2025. Its net profit stood at Rs 20.16 crore in the year-ago total income rose to Rs 427.51 crore in the fourth quarter of the last fiscal from Rs 358.37 crore in the same period of the preceding year, according to a regulatory the 2024-25 fiscal, the company's net profit increased to Rs 77.30 crore from Rs 75.42 crore in the preceding total income fell to Rs 973.38 crore last fiscal against Rs 987.35 crore in Properties is one of the leading developers in the country. It has a significant presence in South India.
