Godrej Properties shares in focus after winning Hyderabad land parcel bid with Rs 3,800 crore revenue potential

Shares of Godrej Properties Ltd (GPL) are set to be in focus on Thursday after the company emerged as the highest bidder for a prime 7.825-acre land parcel in Kukatpally, Hyderabad, with an estimated revenue potential of around Rs 3,800 crore.

The company announced that it participated in an e-auction conducted by the Telangana Housing Board (TGHB) for residential group housing, where it secured the parcel at a total bid value of Rs 547.75 crore, according to the bid status intimation issued by MSTC Limited, the e-auction facilitator.

TGHB will issue the allotment letter after completion of the due process.

This acquisition builds on the success of GPL’s recent Hyderabad launches, including Godrej Madison Avenue at Kokapet and Godrej Regal Pavilion at Rajendranagar. With this new addition, the company has expanded its portfolio in the region, reinforcing its strategy of strengthening presence across key real estate corridors in major cities.

Kukatpally is regarded as one of Hyderabad’s most established and resilient residential corridors, supported by proximity to educational institutions, healthcare facilities, retail centres, and commercial hubs. Its connectivity to HITEC City, one of the largest employment centres in Hyderabad, adds further to its residential appeal.

With a strong growth pipeline and the significant revenue potential from this new project, Godrej Properties shares are expected to remain in the spotlight on the bourses today.

Godrej Properties shares closed 1.65% higher at Rs 2,041.10 on the BSE on Wednesday.

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