Godrej Properties has won a 7.83-acre land parcel in Hyderabad's Kukatpally for Rs 547.75 crore, with plans to develop premium residential apartments near HITEC City
Godrej Properties shares rose 3.8 per cent on Thursday, August 21, 2025, after the company emerged as the highest bidder for 7.825 acre land parcel in Kukatpally (KPHB), Hyderabad
Godrej Properties Ltd has won a bid to acquire 7.82-acre land in Hyderabad for nearly Rs 550 crore. In a regulatory filing on Thursday, the company said it has participated in an e-auction conducted by the Telangana Housing Board (TGHB). Godrej Properties 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". The housing board would issue the allotment letter after following the due process. Godrej Properties will develop a housing project on this land parcel. The estimated revenue potential of this project would be Rs 3,800 crore. Gaurav Pandey, MD & CEO, 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." Godrej Properties is one of the leading real estate developers in the country.
Godrej Properties shares rose 2 per cent after the company reported a 15.4 per cent Y-o-Y growth in net profit in Q1FY26
Godrej Properties reports a 15% YoY increase in Q1 FY26 profit to Rs 600 crore, driven by strong collections and an 18% rise in EBITDA, despite a decline in revenue from operations
At 12:03 PM; Nifty Realty, the top loser among sectoral indices, was down 3 per cent, as compared to 0.35 per cent rise in Nifty 50.
The land near STRR offers 1.1 million sq ft development potential as Godrej boosts presence in Bengaluru after key deals in Raipur, Indore, and Pune this year
Shares of Godrej Properties rose after the company announced its foray into Raipur with the acquisition of approximately 50 acres of land.