Godrej Properties Buys Land in Hyderabad

Mumbai, March 14, 2024: Godrej Properties Limited (GPL), on Thursday announced that it has acquired ~3-acres of land in Kokapet. This is the second land acquisition for GPL in Hyderabad and will take the overall booking value potential added in Hyderabad to Rs 4,800 crore*.

The development on this land is estimated to have a potential of ~1.2 million square feet of saleable area comprising primarily premium residential apartments of various configurations with an estimated booking value of ~INR 1,300 crore*, mentions a pres release issued by the compny. This strategic acquisition is in line with GPL’s strategy of developing high-quality residential projects across India’s leading real estate markets.

“We are pleased to add another project in Hyderabad, which is amongst the largest and fastest growing residential real estate markets in the country. It aligns well with our expansion strategy and will further solidify our position as a leading national real estate developer. We will aim to build an outstanding residential community that creates long-term value for its residents.” said  Gaurav Pandey, MD, and CEO, Godrej Properties.

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