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Godrej Properties (GPL) has acquired approximately three acres of prime land situated in Kokapet, Hyderabad. This acquisition marks GPL's second venture into land procurement within the city, thereby enhancing the overall booking value potential in Hyderabad to an impressive INR 4,800 crore. The newly acquired land holds immense development prospects, estimated to encompass approximately 1.2 million sq. ft. of saleable area. The predominant feature of this development is its offering of premium residential apartments in varying configurations, projected to yield a substantial booking value of about INR 1,300 crore.
Located near the Outer Ring Road junction in close proximity to Golden Mile Road, Kokapet stands as one of Hyderabad's premier commercial and residential real estate hubs, boasting a well-established social and civic infrastructure. The locale offers seamless connectivity to key landmarks such as the Rajiv Gandhi International Airport, as well as major commercial and social districts across the city. Gaurav Pandey, CEO of Godrej Properties, expressed his satisfaction with the latest acquisition, affirming the company's commitment to delivering exceptional value to Hyderabad's real estate landscape. He articulated the company's intention to develop an outstanding residential community that promises lasting value and satisfaction to its future inhabitants.
This acquisition follows GPL's earlier procurement of approximately 12.5 acres of land in Rajendra Nagar in February 2024. The development potential of this parcel is estimated at a staggering 4 million sq. ft. of saleable area, predominantly dedicated to residential apartments, with an anticipated revenue potential of approximately INR 3,500 crore. Demonstrating a proactive approach to land acquisition, Godrej Properties has been actively expanding its footprint across India. After conducting a competitive e-auction, the Noida authority awarded the highest bid to the company, granting them an allotment letter to develop a coveted land parcel in Noida.
Spanning an extensive area of approximately 6.46 acres in Sector 44, this parcel is meant to offer a development potential of approximately 1.4 million sq. ft., with an estimated revenue potential of about INR 3,000 crore. Godrej Properties' strategic endeavors show its commitment to delivering exemplary real estate developments that resonate with the discerning preferences of modern homebuyers. With a focus on quality, innovation, and sustainability, the company continues to set new benchmarks in India's dynamic real estate landscape.
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