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Godrej Properties wins the bid for the 7.825-acre plot in Kukatpally (KPHB), Hyderabad, with a combined bid value of Rs 547.75 crore.
Godrej Properties plans to develop a housing project on the land, with an estimated revenue potential of Rs 3,800 crore.
Godrej Properties Ltd on Thursday announced that it has secured a 7.82-acre land parcel in Hyderabad for nearly Rs 550 crore. The real estate firm said it emerged as the highest bidder in an e-auction conducted by the Telangana Housing Board (TGHB).
Shares of Godrej were trading 1.22% higher at Rs 2,066 apiece on the NSE as of 10:15 am, down compared with Rs 2,092 recorded in the morning.
According to the regulatory filing, Godrej Properties won the bid for the 7.825-acre plot in Kukatpally (KPHB), Hyderabad, with a combined bid value of Rs 547.75 crore. The housing board will issue the allotment letter after completing the due process.
The company plans to develop a housing project on the land, with an estimated revenue potential of Rs 3,800 crore.
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.”
The land parcel is strategically located in a prime location in Kukatpally, in close proximity to HITEC City, and will offer an estimated revenue potential of Rs 3,800 crore comprising premium residential apartments of varied configurations, said Godrej Properties.
“This acquisition builds on the success of GPL’s recent launches in Hyderabad, including Godrej Madison Avenue at Kokapet and Godrej Regal Pavilion at Rajendranagar. With this new project, GPL has further strengthened its presence in one of India’s most dynamic real estate markets,” the company added.
Separately, the developer said on Wednesday that it has acquired a 7% stake in Godrej Skyline Developers (GSDL) for Rs 9.25 lakh from existing shareholders. Under the agreement, it will purchase 92,500 equity shares of Rs 10 each, representing 7% of the company’s paid-up equity capital. The transaction is scheduled to close on August 21.
Financially, Godrej Properties reported a 15.4% year-on-year rise in net profit at ₹600 crore for the June quarter, even as revenue fell 41% to Rs 435 crore. The company also posted an EBITDA loss of Rs 243 crore for the quarter.
Earlier this month, it outlined a bullish outlook for FY26, targeting sales of Rs 32,500 crore with expected collections of around Rs 21,000 crore.
On Wednesday, shares of Godrej Properties closed 1.45% higher at Rs 2,039.20 apiece. However, the stock has fallen 15.2% over the past month and is down 26.56% so far in 2025.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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