Godrej Properties Limited - GODREJPROP is an India-based real estate company (headquartered in Mumbai) and is a subsidiary of Godrej Group. The company has projects in approximately 12 cities and it is involved in the development of residential and commercial real estate. Its residential portfolio consists of accommodations of varying sizes. The commercial portfolio includes building office space catering to blue-chip Indian and international companies, IT parks catering to the requirements of IT/ITES companies and retail space. Godrej Properties has been expanding its footprints at a fast pace and has sold real estate worth US $ 2.1 bn over the last four years.Ashika Stock Broking advise their investors to BUY the stock with target price of Rs. 415, valuing at P/E multiple of 25x FY18E EPS. Historically, GPL’s 5 year average P/E is 32x. So, if even we take a conservative multiple of 25x times for FY18, it is implying a target price of Rs 415.Trendlyne has 1 report on GODREJPROP updated in the last year from 1 broker with an average target of Rs 415.