Godrej Properties Secures ₹547 Crore Land Parcel in Hyderabad's Kukatpally in Record-Breaking Acquisition

Godrej Properties Secures ₹547 Crore Land Parcel in Hyderabad's Kukatpally in Record-Breaking Acquisition

Leading real estate developer Godrej Properties has made headlines with its acquisition of a premium 7.8-acre residential plot in Kukatpally Housing Board (KPHB) Colony for ₹547 crore. The transaction, which was completed through a competitive e-auction process, has set new benchmarks for property investment in India, highlighting the growing investor confidence in Hyderabad's real estate market.

Intense Bidding War Results in Premium Land Acquisition

The e-auction witnessed fierce competition lasting over three and a half hours, with 46 rounds of bidding among major real estate players. Godrej Properties emerged victorious with a winning bid of ₹70 crore per acre, significantly exceeding the reserve price of ₹40 crore. The bidding war included prominent developers such as Prestige Estates, Aurobindo Realty, and Ashoka Builders, demonstrating the high value placed on prime land in top property investment cities.

Prime Location Offers Strategic Connectivity Advantages

The acquired plot enjoys a strategic position within Kukatpally Housing Board, providing excellent connectivity to the Hi-Tech City corridor, which serves as a major employment and IT hub in Hyderabad. Currently accessible via a 60-foot-wide road, Godrej Properties has announced plans to expand this to 120 feet to support future development and improve traffic management for their upcoming residential project.

Kukatpally Land Values Surge Amid Market Momentum

This acquisition follows a series of high-value land transactions in the region, with commercial plots in the area commanding prices up to ₹65.3 crore per acre. While the per-acre rate remains below the ₹100.75 crore achieved in Kokapet's Neopolis layout in 2023, the total transaction value of ₹547 crore establishes a new record for large-scale residential land acquisitions in Hyderabad.

Government Housing Programs to Benefit from Sale Proceeds

The Telangana Housing Board, which organized the auction, has earmarked the proceeds for state housing initiatives. A substantial portion will support the Indiramma scheme, which focuses on providing affordable housing solutions for lower and middle-income families, aligning with the state government's commitment to urban development and welfare programs.

Major Development Project Expected to Transform Local Landscape

With this significant land acquisition, Godrej Properties is positioned to launch a transformative residential development that will reshape the Kukatpally skyline. The company's entry into this market segment reinforces KPHB's status as a high-demand destination and signals broader trends toward luxury housing development and infrastructure enhancement in Hyderabad's western corridor.

This landmark transaction marks a significant milestone in Kukatpally Housing Board's evolution from an established residential suburb to a premium real estate destination attracting major developers and substantial investments.