Godrej Properties Secures 7.82-Acre Land in Hyderabad for Rs 550 Crore
Godrej Properties has secured a 7.82-acre land parcel in Kukatpally, Hyderabad, for Rs 547.75 crore through a competitive e-auction conducted by the Telangana Housing Board. The company plans to develop a high-revenue housing project on the site, with an estimated potential of Rs 3,800 crore.
Godrej PropertiesReal EstateHyderabadLand AcquisitionKukatpallyReal EstateAug 21, 2025
The land acquisition is a significant step for Godrej Properties, as it aligns with the company's strategic growth plans in the dynamic real estate market of Hyderabad. According to Gaurav Pandey, MD & CEO of Godrej Properties, Kukatpally represents a prime location that aligns with the city's growth trajectory.
Hyderabad, known for its robust IT sector and burgeoning real estate market, continues to attract major developers and investors. The city's infrastructure development, including improved connectivity and amenities, has made it a preferred destination for residential and commercial projects.
Godrej Properties plans to develop a high-revenue housing project on the acquired land. The estimated revenue potential of this project is Rs 3,800 crore, which underscores the company's confidence in the market's future growth. The project is expected to cater to the growing demand for residential units in the area, providing modern living spaces with all necessary amenities.
The Telangana Housing Board will issue the allotment letter to Godrej Properties following the due process. This acquisition is a testament to Godrej Properties' commitment to expanding its footprint in key markets and delivering high-quality projects that meet the evolving needs of homebuyers.
Godrej Properties is one of the leading real estate developers in India, known for its innovative projects and customer-centric approach. The company has a strong portfolio of residential, commercial, and integrated townships across major cities in the country. This latest acquisition in Hyderabad is expected to further strengthen its market position and contribute to its long-term growth strategy.
Frequently Asked Questions
What is the size of the land parcel acquired by Godrej Properties in Hyderabad?
The land parcel acquired by Godrej Properties in Kukatpally, Hyderabad, is 7.82 acres.
How much did Godrej Properties bid for the land?
Godrej Properties bid Rs 547.75 crore for the 7.82-acre land parcel in Kukatpally, Hyderabad.
What is the estimated revenue potential of the project on the acquired land?
The estimated revenue potential of the project on the acquired land is Rs 3,800 crore.
Who conducted the e-auction for the land?
The e-auction for the land was conducted by the Telangana Housing Board (TGHB).
What is the significance of the Kukatpally location for Godrej Properties?
Kukatpally is a strategic location in Hyderabad that aligns with the city's growth trajectory and is expected to cater to the growing demand for residential units.
Related News Articles
Simplification, Not Tax Burden: FM Sitharaman on Removal of Indexation on Real Estate
FM Sitharaman explains the government's decision to remove indexation benefits from real estate, citing simplification as the motive behind the move.
Norwegian Government Eases Mortgage Loan-to-Value Limits to 90%
Norway's finance ministry has relaxed the loan-to-value mortgage ratio from 85% to 90%, allowing borrowers to put down 10% equity instead of 15% when purchasing a home.
Ranveer Singh's Spectacular Net Worth: Real Estate, Luxury Cars, and Extravagant Wardrobe
Ranveer Singh, one of Bollywood's most dynamic actors, and his wife, Deepika Padukone, live in a lavish 5BHK apartment in Beaumonde Towers, Worli, Mumbai, valued at Rs 40 crore. Their net worth and lifestyle are a testament to their success in the film in
Karnataka Set to Launch India's First Circular Economy Policy for Sustainable Real Estate
Highlighting the sector's economic significance, the government of Karnataka noted that real estate contributes approximately 7.3% to the nation's GDP and is projected to grow significantly. The new policy aims to promote sustainability and reduce the env
QIP Fundraising Sets New Record in 2024; Real Estate Dominates with Rs 22,320 Crore
In 2024, Qualified Institutional Placements (QIPs) fundraising reached an unprecedented high, with real estate leading the way at Rs 22,320 crore. Here’s a detailed look at the trends and key players.
India's Commercial Real Estate Embraces Green Certifications
The commercial real estate market in India is witnessing a significant shift towards green-certified buildings, driven by the demand from GCCs and IT firms. This trend is reshaping the sector with nearly 100% of REIT stocks now rated green.