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Godrej Properties Limited (GPL), a prominent player in the Indian real estate sector, has announced its acquisition of approximately 12.5 acres of prime land in Rajendra Nagar, Hyderabad. The strategic location of this land parcel, coupled with its high potential for development, marks a significant move for the company as it strengthens its foothold in one of the fastest-growing residential real estate markets in the country.
According to a statement released by Godrej Properties, the development on this land is projected to yield approximately 4 million square feet of saleable area, primarily comprising premium residential apartments of various configurations. With an estimated revenue potential of around ₹3,500 crore, the project aims to cater to the discerning homebuyers in Hyderabad who seek a superior living experience characterized by modern amenities and thoughtful design.
Rajendra Nagar, where the land parcel is situated, boasts a well-established physical and social infrastructure, including educational institutions, healthcare facilities, and retail establishments. Additionally, its strategic connectivity to the Rajiv Gandhi International Airport and major commercial hubs further enhances its appeal as a desirable residential location.
Gaurav Pandey, Managing Director, and CEO of Godrej Properties expressed enthusiasm about the company’s entry into the Hyderabad market, emphasizing the city’s status as a key real estate destination in India. He highlighted the acquisition as a strategic step aligned with Godrej Properties’ overarching objective of expanding its portfolio across prime markets in the country while delivering projects that offer enduring value to residents.
The acquisition comes on the heels of Godrej Properties’ robust financial performance, with a 6% increase in consolidated net profit and a significant surge in sales bookings during the third quarter of the fiscal year. This growth trajectory underscores the company’s resilience and ability to capitalize on the rising demand for housing across key metropolitan regions.
With a strong presence in major cities such as Mumbai, Delhi-NCR, Bengaluru, and Pune, Godrej Properties continues to cement its position as a leading player in India’s real estate landscape. As it embarks on this new venture in Hyderabad, the company remains committed to delivering exceptional projects that redefine urban living experiences and contribute to the sustainable development of communities.
Sources By Agencies
