Shares of Godrej Properties Ltd (GPL) surged 3.86% to ₹2,119.95 on Thursday after the company announced that it had emerged as the highest bidder for a prime 7.825-acre land parcel in Kukatpally, Hyderabad, with a bid value of ₹547.75 crore. The acquisition was made through an e-auction conducted by the Telangana Housing Board (TGHB) for residential group housing. The official allotment letter is expected after the completion of due process.
The project is estimated to have a revenue potential of around ₹3,800 crore, based on current market assumptions. Strategically located near HITEC City, Hyderabad’s largest IT and employment hub, the Kukatpally site is expected to host premium residential apartments catering to varied buyer segments.
This marks another milestone for Godrej Properties in strengthening its Hyderabad portfolio. The company has recently launched successful projects such as Godrej Madison Avenue at Kokapet and Godrej Regal Pavilion at Rajendranagar, both receiving strong market responses.
Commenting on the acquisition, Gaurav Pandey, MD & CEO of Godrej Properties, said Kukatpally represents a strategic growth corridor in line with Hyderabad’s booming real estate market. “Our presence here allows us to bring national-scale expertise while designing future-ready developments that create long-term value for residents,” he said.
Kukatpally has rapidly developed into one of the city’s most resilient residential hubs, supported by reputed schools, healthcare institutions, commercial hubs, and seamless connectivity to HITEC City.
With this acquisition, Godrej Properties has reinforced its position as a leading national developer, combining its strong execution track record with Hyderabad’s growing demand for premium housing projects.
