Godrej Properties has strengthened its footprint in Hyderabad by acquiring a prime 7.82-acre land parcel in Kukatpally for nearly ₹550 crore. The deal was finalized through an e-auction organized by the Telangana Housing Board, where the company emerged as the highest bidder with a winning bid of ₹547.75 crore.
The developer has big plans for the newly acquired site, with a proposed residential project that is expected to generate an estimated revenue of around ₹3,800 crore. According to the company, the project will cater to the rising housing demand in one of Hyderabad’s most vibrant localities.
Why Kukatpally is Emerging as a Real Estate Hotspot
Highlighting the strategic importance of the deal, Gaurav Pandey, MD & CEO of Godrej Properties, said, “As Hyderabad continues to cement its position as a dynamic real estate market, Kukatpally stands out as a location that perfectly complements the city’s growth story.”
With this acquisition, Godrej Properties is furthering its expansion strategy in South India. Known for developing large-scale residential projects across the country, the company’s entry into Kukatpally adds to its growing presence in Hyderabad, a market that has been witnessing strong demand from both end-users and investors.
Industry experts believe that the Kukatpally region has been gaining traction due to its proximity to IT hubs, educational institutions, and strong connectivity with the rest of Hyderabad. This makes it an attractive choice for developers as well as homebuyers, ensuring long-term value appreciation for upcoming projects.
The Telangana Housing Board will issue the official allotment letter once all formalities are completed. Once launched, the project is expected to further boost Godrej Properties’ brand presence in Hyderabad while also adding momentum to the city’s rapidly growing residential real estate market.
