Synopsis:
Godrej Properties Limited (GPL), one of India’s leading real estate developers, has emerged as the highest bidder for a strategically located 7.825-acre land parcel in Kukatpally, Hyderabad. The acquisition, made through an e-auction conducted by the Telangana Housing Board (TGHB)..
This company is the real estate development arm of the Godrej Group which is in focus after emerging as the highest bidder for land parcel in Kukatpally, Hyderabad.
With market capitalization of Rs. 63,018 cr, the shares of Godrej Properties Ltd are currently trading at Rs. 2,068 apiece, increasing nearly 4% in today’s market session, making a high of Rs. 2,119 from its previous closing of Rs. 2,041.80 apiece.
News
Godrej Properties has emerged as the highest bidder for a 7.825-acre land parcel in Kukatpally, Hyderabad, through an MSTC-facilitated auction by the Telangana Housing Board, with the allotment letter expected post due process.
Strategically located near HITEC City, the project is estimated to generate Rs. 3,800 crore in revenue and will feature premium residential apartments catering to rising housing demand. This move follows the success of Godrej Madison Avenue at Kokapet and Godrej Regal Pavilion at Rajendranagar, reinforcing the company’s expansion in Hyderabad.
With Kukatpally’s robust ecosystem of education, healthcare, retail, and strong connectivity to employment hubs, the location is regarded as one of the city’s most attractive and resilient residential corridors.
Management Commentary
Commenting on the acquisition, Gaurav Pandey, MD & CEO of Godrej Properties, 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.
Building on the strong response to our recent launch, Godrej Madison Avenue at Kokapet, our presence here allows us to bring national-scale expertise while designing future-ready developments that create long-term value for our residents.”
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About Godrej Properties
Godrej Properties, a subsidiary of the Godrej Industries Group, brings the group’s values of innovation, sustainability, and excellence to real estate. It has consistently ranked among the top developers in India, leading the industry by residential sales value in FY 2024 and FY 2025. The company is deeply committed to green and sustainable development, with all projects certified as green buildings since 2010.
Godrej Properties reported a mixed performance for Q1 FY26, with sales declining 41% YoY to Rs. 435 crore compared to Rs. 739 crore in Q1FY25, and EBIDT falling 45% YoY, slipping to a loss of Rs. 270 crore. Despite weak revenue and operating performance, the company’s net profit rose 15% YoY to Rs. 598 crore, up from Rs. 519 crore in the previous year.
Written by Manideep Appana
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