Godrej Properties announced that it has participated in an e-auction conducted by the Telangana Housing Board (TGHB) for Residential Group Housing, where GPL has emerged as the highest bidder for
7.825 acre land parcel in Kukatpally (KPHB), Hyderabad, with a total combined bid value of Rs 547.75 crore, according to the bid status intimation email issued by e-auction facilitator MSTC. TGHB shall issue the allotment letter after following the due process.
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.
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.