Godrej Makes Power Play in Hyderabad with Rs 3,500 Cr Land Grab

Godrej Properties (GPL) has recently secured approximately 12.5 acres of prime land in Rajendra Nagar, Hyderabad, Telangana. This acquisition represents a significant move for Godrej Properties as it marks the company's entry into the burgeoning residential real estate market of Hyderabad. The land parcel is estimated to hold a revenue potential of around Rs 3,500 crore.

The project planned for this land will feature premium residential apartments of various configurations, offering modern amenities and sophisticated design elements. With an estimated saleable area of approximately four million square feet, the development aims to become a landmark in the region, providing long-term value for its residents.

The strategic location of Rajendra Nagar enhances the appeal of the project, benefiting from well-established physical and social infrastructure including educational institutions, healthcare facilities, and retail establishments. Moreover, its connectivity to the Rajiv Gandhi International Airport and major commercial hubs within the city further underscores its desirability.

This acquisition aligns with Godrej Properties' overarching strategy of bolstering its portfolio across key real estate markets in India. By catering to discerning homebuyers seeking a superior living experience, the company aims to deliver a project that reflects its commitment to excellence and innovation in real estate development.

News by Rahul Yelligetti