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Godrej Properties Limited (GPL) is in the spotlight after the company announced that it has emerged as the highest bidder for a prime land parcel in Kukatpally, Hyderabad. The developer secured approximately 7.825 acres through an e-auction conducted by the Telangana Housing Board with a total bid value of ₹547.75 crore. The land, located in close proximity to HITEC City, carries an estimated revenue potential of around ₹3,800 crore, according to the company’s statement.

The acquisition builds on Godrej Properties’ recent successes in Hyderabad, including projects such as Godrej Madison Avenue at Kokapet and Godrej Regal Pavilion at Rajendranagar. The company highlighted that Kukatpally is a well-established residential hub with robust infrastructure, connectivity, and a strong demand base, making it a strategic addition to its portfolio.

Following the development, shares of Godrej Properties closed higher on Wednesday, August 20, rising 1.45% to end the day at ₹2,039.20 on the NSE compared to the previous close of ₹2,010. The stock opened at ₹2,014.90, touched a high of ₹2,047.30 and a low of ₹2,000.40 during the session, reflecting investor optimism around the growth prospects from the new project. The company currently commands a market capitalization of around ₹61,300 crore, with a 52-week range of ₹1,900 on the lower side and ₹3,399 on the higher side.

Gaurav Pandey, MD & CEO of Godrej Properties, said that Hyderabad continues to strengthen its position as a dynamic real estate market and the Kukatpally acquisition aligns with the city’s growth trajectory. The company reiterated its commitment to bringing innovative and sustainable housing developments in key urban centers.

With this acquisition, Godrej Properties has further consolidated its presence in one of India’s fastest-growing real estate markets, while strengthening its project pipeline to drive future growth.

Disclaimer: The above article is for informational purposes only based on company filings and market data. It does not constitute investment advice. Investors are advised to consult certified financial advisers before making investment decisions.