Godrej Properties Secures Prime Hyderabad Land for Mega Housing Project

Godrej Properties Ltd has won a bid for a 7.82-acre land in Hyderabad, planning to develop a housing project with a revenue potential of Rs 3,800 crore. This acquisition is part of the company's strategy to invest in key urban centers. The project aligns with Hyderabad's growth trajectory.

Godrej Properties Ltd has successfully acquired a prime 7.82-acre land in Hyderabad with plans to develop a major housing project expected to generate Rs 3,800 crore in revenue. The deal was secured through an e-auction conducted by the Telangana Housing Board.

This acquisition aligns with Hyderabad's expanding real estate market and further solidifies Godrej Properties' footprint in India's urban development sector, according to Gaurav Pandey, the company’s Managing Director and CEO.

In the first quarter of this fiscal year, Godrej Properties reported a consolidated net profit increase of 15 percent. The company aims to continue its leading position in sales bookings by achieving a target of Rs 32,500 crore this fiscal year.