Godrej Properties Limited (GPL), a prominent real estate developer in India, has made an exciting announcement regarding its recent acquisition of approximately 3 acres of land in Kokapet, Hyderabad. This acquisition marks a significant milestone for GPL as it is the company’s second successful land procurement in Hyderabad, further widening its influence in this thriving city.
Expanding the Booking Value Potential
With this recent development in Kokapet, GPL’s overall booking value potential in Hyderabad has risen to an impressive INR 4,800 crore. The new project on this acquired land is earmarked to encompass an estimated saleable area of approximately 1.2 million square feet. This substantial space is anticipated to primarily house premium residential apartments boasting a variety of configurations, with an estimated booking value of INR 1,300 crore.
Strategic Advantage and High Growth Opportunity
GPL’s decision to pursue this strategic acquisition in Kokapet is in line with its long-term vision of developing premier residential projects across India’s most prominent real estate markets. The location of the newly acquired land holds immense promise due to its strategic positioning near the Outer Ring Road junction, with close proximity to Golden Mile Road. Kokapet has emerged as one of Hyderabad’s most vibrant commercial and residential real estate markets, offering immense growth potential. Boasting a well-established social and civic infrastructure, the region is equipped with multiple schools, hospitals, retail outlets, and a variety of residential and commercial spaces. In addition, the location provides excellent connectivity to the Rajiv Gandhi International Airport and all major social and commercial areas within the city.
GPL’s Vision for Growth
Expressing his enthusiasm about the acquisition, Gaurav Pandey, the Managing Director and CEO of Godrej Properties, stated, “We are delighted to add another exceptional project in Hyderabad, a city that stands out as one of the largest and fastest-growing residential real estate markets in the country. This strategic move perfectly aligns with our expansion strategy and reinforces our position as one of the leading national real estate developers. Our objective is to create an outstanding residential community that not only meets the needs of its residents but also creates sustainable long-term value for them.” With the second land acquisition in Hyderabad, GPL has once again demonstrated its commitment to offering high-quality properties across India’s most sought-after real estate markets. Amidst the rapid growth experienced by the residential real estate sector in India, GPL continues to be at the forefront of development, aiming to provide exceptional living spaces for its customers while maintaining their ethos of innovation, trust, and excellence.
