Godrej Properties Secures Prime Land in Kukatpally for Rs 547 Crore
Godrej Properties outbids competitors to acquire 7.8 acres of prime land in Kukatpally, Hyderabad, through a transparent e-auction. This significant acquisition is expected to boost the real estate sector in the region.
Real EstateHyderabadGodrej PropertiesKukatpallyEauctionReal Estate NewsAug 21, 2025
It is said that the entry of Godrej would help the real estate sector in and around Hyderabad to gain momentum and achieve progress. While there were already multi-storey buildings belonging to many companies in this area, which is close to Hi-Tech City, another prestigious project is coming up under the auspices of Godrej.
The Housing Board had last month issued a notification to sell 7.80 acres of land in Kukatpally through e-auction. The Housing Board Vice Chairman VP Gautam said that nationally renowned companies such as Godrej Properties, Aurobindo, and Prestige Ashoka Builders participated in the online and transparent auction held on Wednesday.
In this auction, which lasted for about three and a half hours, the minimum price was set at Rs 40 crore per acre, but the bidders participated in the auction by increasing the price 46 times. He said that in this auction, Godrej came forward to pay the highest price of Rs 70 crore per acre and got the land.
This significant acquisition by Godrej is expected to bring a surge in development and investment in the Kukatpally area. The proximity to Hi-Tech City makes this location highly desirable for both residential and commercial projects. The Housing Board's transparent e-auction process has set a new benchmark for land sales in the region, ensuring fair competition and maximizing revenue for the government.
The real estate sector in Hyderabad has been on a steady growth trajectory, and the entry of a major player like Godrej is likely to accelerate this trend. With the city's rapidly growing population and increasing demand for quality living spaces, the future looks bright for developers and investors in Kukatpally and the surrounding areas.
Frequently Asked Questions
What is the significance of Godrej Properties acquiring land in Kukatpally?
The acquisition of land in Kukatpally by Godrej Properties is significant because it is expected to boost the real estate sector in the region, bringing in more investment and development. The proximity to Hi-Tech City makes this location highly desirable for both residential and commercial projects.
How much did Godrej Properties pay per acre for the land in Kukatpally?
Godrej Properties paid Rs 70 crore per acre for the land in Kukatpally, totaling Rs 547 crore for 7.8 acres of land.
What was the minimum price set for the e-auction of the land?
The minimum price set for the e-auction of the land was Rs 40 crore per acre.
How long did the e-auction last?
The e-auction lasted for about three and a half hours.
Who are the other companies that participated in the e-auction for the land in Kukatpally?
Other companies that participated in the e-auction for the land in Kukatpally include Aurobindo Realty, Prestige Estates, and Ashoka Builders.
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