Godrej Properties Achieves ₹2,600-Cr Sales in First Year of Hyderabad Operations

Godrej Properties has achieved an impressive milestone in its first year of operations in Hyderabad, selling housing properties worth ₹2,600 crore. This significant performance highlights the company's strategic move into one of India's fastest-growing real estate markets.

In January this year, Godrej Properties announced its entry into the Hyderabad housing market with the launch of its first project at Kokapet. Since then, the company has launched a second project, further solidifying its presence in the city. According to Pirojsha Godrej, Executive Chairperson of Godrej Properties, the company has performed exceedingly well in the Hyderabad market.

"We launched our first project in Hyderabad during the January-March quarter. We launched our second project in the July-September quarter. Between these two projects, we have achieved sales bookings of more than ₹2,600 crore in our first calendar year of operation in the city," Pirojsha stated in an interview.

The Hyderabad market is characterized by its huge growth potential, and Godrej Properties is keen to capitalize on this opportunity. The company plans to expand its business in the city to tap into the strong demand for premium and luxury residential properties.

Godrej Properties, one of the leading real estate developers in India, has a strong presence in major cities such as the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, and Bengaluru. The company's foray into Hyderabad marks a strategic expansion to meet the growing demand for quality housing in the region.

Buoyed by its robust sales performance in Hyderabad, Godrej Properties is aggressively seeking more land in the city. Recently, the company won a bid to acquire a 5-acre land parcel in Hyderabad, with plans to develop a housing project worth ₹4,150 crore. The land was acquired through an e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA) for a parcel measuring around 5 acres in Neopolis, Kokapet.

Godrej Properties emerged as the highest bidder for this land parcel, where it intends to develop a premium residential project with a saleable area of about 2.5 million square feet. In August, the company also acquired a 7.825-acre land parcel in Kukatpally, Hyderabad, further expanding its land bank in the city.

Across all markets, Godrej Properties has seen a 13% growth in sales bookings, reaching ₹15,587 crore in the first six months of the current fiscal year, up from ₹13,835 crore in the same period last year. The company is confident of achieving its sales bookings target of ₹32,500 crore for the full fiscal year. In the 2024-25 fiscal year, Godrej Properties sold properties worth ₹29,444 crore, primarily in the housing segment.

With housing markets across major cities witnessing strong demand, Godrej Properties is launching new projects and acquiring land parcels for future development. The company is targeting to add ₹30,000 crore of revenue potential through land acquisitions in the current fiscal year. Under its new business development strategy, Godrej Properties acquires land outright and also enters into joint development agreements (JDAs) with landowners.

For offering housing plots, Godrej Properties is also acquiring land in many tier-II and III cities, further diversifying its portfolio and ensuring a steady supply of projects for the future.