Godrej Properties, one of the leading real estate developers, witnessed a rise in share price on Wednesday after the company entered into a new deal to develop a residential project at Joka, in South Kolkata.

The proposed project will offer approximately 277,000 square metres (3 million sq. ft.) of saleable area and will be developed as a modern residential development.

Shares of the company are trading at Rs 260.80, up Rs 9.95, or 3.97% at the Bombay Stock Exchange (BSE) on Wednesday at 9:35 a.m.

The scrip has touched an intra-day high of Rs 267.65 and low of Rs 255.80. The total volume of shares traded at the BSE is 3,617,317.