Godrej Properties has recently expanded its footprint in Hyderabad by securing a 7.825-acre land parcel in Kukatpally. The acquisition was made through an e-auction conducted by the Telangana Housing Board (TGHB), with Godrej Properties emerging as the highest bidder at approximately ₹547.75 crore.
This strategic acquisition aligns with Godrej Properties' growth strategy and builds upon their recent successful project launches in Hyderabad, including Godrej Madison Avenue in Kokapet and Godrej Regal Pavilion in Rajendranagar. The company anticipates a revenue potential of ₹3,800 crore from the development of a premium residential project on the acquired land. The project will offer a variety of apartment configurations.
Kukatpally is a prime location in Hyderabad, known for its proximity to HITEC City, a major IT hub. This makes it an attractive residential destination for professionals working in the technology sector. Godrej Properties plans to leverage this locational advantage to create a "future-ready development" that caters to the needs of discerning homebuyers. The acquired land is situated adjacent to a 60-foot wide road, ensuring good connectivity to key areas, and the master plan includes widening the adjacent road to 120 feet.
Gaurav Pandey, MD & CEO of Godrej Properties, stated that this acquisition strengthens the company's presence in one of India's most dynamic real estate markets. He highlighted Hyderabad's growth trajectory and the strategic importance of Kukatpally as a location.
The Hyderabad real estate market has been demonstrating resilience and growth, especially in the premium segment. Recent data indicates a rise in property registrations and an increase in the weighted average price of transacted properties, reflecting buyer confidence and evolving lifestyle aspirations. Specifically, demand for high-value homes priced above ₹1 crore has been a significant driver of revenue growth.
While some reports suggest a recent slowdown in Hyderabad's overall real estate market, the premium housing segment, particularly apartments priced at ₹1.5 crore and above, continues to attract strong interest. This is attributed to factors such as inventory scarcity, a sense of urgency among buyers, and the perception of premium properties as secure investments.
The rise of micro-markets and infrastructure development are key factors contributing to the dynamism of the Hyderabad property market. Areas with new metro lines, expressways, or airport proximity consistently outperform, demonstrating that connectivity and jobs drive both price and rent growth. The increasing preference for gated communities with well-planned residential units and access to social infrastructure is also shaping the market.
Godrej Properties' acquisition in Kukatpally is expected to further contribute to the growth of the residential real estate sector in Hyderabad. By developing a premium housing project with a focus on design quality and future-ready amenities, the company aims to create long-term value for residents and solidify its position as a leading national real estate developer. The Telangana government intends to allocate the proceeds from the land auction towards affordable housing schemes, indicating a commitment to inclusive urban development.
