Godrej Properties acquires 7.8 acre land in Hyderabad for ₹547.75 crore, ETRealty

NEW DELHI: Godrej Properties (GPL) has emerged as the highest bidder for 7.825 acre land parcel in Kukatpally Housing Board (KPHB), Hyderabad in an e-auction conducted by the Telangana Housing Board (TGHB) for residential group housing.

GPL bought the land parcel for ₹547.75 crore, according to the bid status intimation email issued by e-auction facilitator MSTC.

The land parcel will offer an estimated revenue potential of ₹3,800 crore comprising premium residential apartments of varied configurations.

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