Godrej Properties Limited has informed the Exchange regarding a press release dated August 21, 2025, titled "Press Release".
GODREJPROP · price
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Awaiting price reaction for this filing.
Godrej Properties has emerged as the highest bidder for a ~7.825 acre residential land parcel in Kukatpally, Hyderabad, through an e-auction conducted by the Telangana Housing Board. The combined bid value is INR 547.75 crore. The company expects the project to generate an estimated revenue potential of around INR 3,800 crore, based on current business assumptions. The land is strategically located near HITEC City, one of Hyderabad's largest employment hubs, and will be used to develop premium residential apartments. This acquisition adds to the company's recent Hyderabad launches, including Godrej Madison Avenue at Kokapet and Godrej Regal Pavilion at Rajendranagar.
This is a positive development for shareholders, as it expands Godrej Properties' footprint in a high-demand micro-market with a strong revenue pipeline of ~INR 3,800 crore. The strategic location near HITEC City supports pricing power, and the deal reinforces the company's growth momentum in one of India's most active residential markets.