Introduction
Recently, the Hyderabad real estate sector has been developing amazingly. Land prices are skyrocketing. Many international giants are also flocking to make their presence felt in Bhagya Nagar. Famous real estate company Godrej Properties has also recently entered Hyderabad.
Table of Contents
- Godrej Properties Bought a Plot of Land in Hyderabad
- We are Very Happy: Godrej Properties CEO
- Premium Residential Apartments
With this acquisition, Godrej Properties further strengthens its presence in Hyderabad, one of the fastest-growing real estate markets in India. It will be interesting to see what kind of projects the company will come up with on this new property and how it will contribute to the overall development of the city.
Godrej Properties Bought A Plot of Land in Hyderabad
Mumbai-based real estate developer Godrej Properties recently announced the acquisition of a huge plot of land in Hyderabad’s Rajendra Nagar area. According to the company’s regulatory filing, the land covers an area of 12.5 acres and is strategically located with immense potential for development. The company plans to use the land for large-scale development to bring about a significant transformation in the real estate landscape of the region.
The company said it has floated around 4 million square feet of salable area. In this, it has been found that the income of around Rs. 3,500 crores is estimated mainly through premium residential apartments. A high-quality project with modern facilities and amenities. It is announcement that it will fulfill the aspirations of home buyers for a quality lifestyle experience.
We are Very Happy: Godrej Properties CEO
Hyderabad is one of the largest and fastest-growing residential real estate markets in the country. Announcing our entry into the city. This acquisition will strengthen our portfolio in key markets in the country. Gaurav Pandey, CEO of Godrej Properties, announced.
“This acquisition is in line with our strategy to strengthen our portfolio in key markets in India, and we strive to deliver a landmark project that will create long-term value for its residents,” he said.
Premium Residential Apartments
According to a company statement on Wednesday, the salable area is about 4 million square feet. Consists mainly of premium residential apartments. Through this venture, about Rs. 3,500 crores of revenue is expected.
The project aims to meet the demands of discerning home buyers in the city who seek modern living experiences with quality amenities and designs. Godrej Properties will make its presence felt with the acquisition of land in Rajendra Nagar, Hyderabad.
Conclusion
Godrej Properties Limited (GPL) has made its debut in Hyderabad by expanding its footprint by acquiring approximately 12.5 acres of prime land in Rajendra Nagar, Hyderabad. The Mumbai-based real estate developer sees Hyderabad as an important market for future growth. For more information, visit our Openplot.
Also read: Hyderabad Real Estate: Residential Property Registrations Decreased in January