Godrej Properties Acquires Prime Land in Hyderabad for Rs 550 Crore
Godrej Properties, a leading real estate developer, has won a bid to acquire 7.82 acres of land in Hyderabad for nearly Rs 550 crore. The company plans to develop a housing project with an estimated revenue potential of Rs 3,800 crore.
Real EstateGodrej PropertiesHyderabadLand AcquisitionKukatpallyReal EstateAug 21, 2025
In a regulatory filing, Godrej Properties stated that it participated in an e-auction conducted by the Telangana Housing Board (TGHB). The company emerged as the highest bidder for the 7.825-acre land parcel with a total combined bid value of Rs 547.75 crore. The housing board will issue the allotment letter after following the necessary due process.
The acquisition of this prime land in Kukatpally is a strategic move for Godrej Properties, as it aligns with the city's growth trajectory. Kukatpally is a rapidly developing area in Hyderabad, known for its proximity to key economic zones and infrastructure. The area is expected to see significant growth in residential and commercial development over the coming years.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his optimism about the acquisition. He said, 'As Hyderabad continues to strengthen its position as a dynamic real estate market, Kukatpally represents a strategic location that aligns with the city's growth trajectory. This acquisition will enable us to capitalize on the growing demand for high-quality residential projects in this vibrant city.'
Godrej Properties has a strong track record in the real estate sector, with a focus on delivering premium residential and commercial projects. The company has a presence in major cities across India and is known for its commitment to sustainable and innovative development practices. The estimated revenue potential of the new project in Kukatpally is pegged at Rs 3,800 crore, reflecting the company's confidence in the market.
The acquisition of this land parcel is a testament to Godrej Properties' strategic vision and its ability to identify and capitalize on growth opportunities. With a robust pipeline of projects and a strong financial position, the company is well-placed to continue its expansion and deliver value to its stakeholders.
Hyderabad, known for its IT and business process management (BPM) industries, has seen a surge in real estate development over the past decade. The city's strategic location, robust infrastructure, and favorable government policies have made it an attractive destination for both residential and commercial investments. Godrej Properties' new project in Kukatpally is expected to contribute significantly to the city's urban development and economic growth.
In conclusion, Godrej Properties' acquisition of the 7.82-acre land parcel in Kukatpally is a strategic move that aligns with the company's growth plans and the dynamic real estate market in Hyderabad. The project is expected to generate substantial revenue and further cement Godrej Properties' position as a leading real estate developer in India.
Frequently Asked Questions
What is the total bid value for the land acquired by Godrej Properties in Hyderabad?
The total bid value for the 7.825-acre land parcel in Kukatpally, Hyderabad, is Rs 547.75 crore.
Who conducted the e-auction for the land acquisition?
The e-auction for the land acquisition was conducted by the Telangana Housing Board (TGHB).
What is the estimated revenue potential of the new housing project in Kukatpally?
The estimated revenue potential of the new housing project in Kukatpally is Rs 3,800 crore.
Who is the MD & CEO of Godrej Properties?
Gaurav Pandey is the MD & CEO of Godrej Properties.
Why is Kukatpally a strategic location for the new housing project?
Kukatpally is a rapidly developing area in Hyderabad, known for its proximity to key economic zones and infrastructure, making it a strategic location for the new housing project.
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