A Top Real Estate Developer in India headquartered in Mumbai, Godrej Properties announced that it has purchases 3 acre of land in Kokapet, Hyderabad.
This land acquisition will boost the overall booking rate & add potential value of Rs. 4,800 Crore for the company in the Hyderabad locality.
In a stock exchange filing, Godrej Properties said that this land development has a valued potential of 1.2 million square feet purchasable area including first-rate residential apartments of various patterns with an projected booking value of Rs.1,300 Crore.
Upon this land purchase, the company said, "The development on this land is estimated to have a potential of 4 million square feet of saleable area comprising primarily premium residential apartments of various configurations with an estimated revenue potential of Rs. 3,500 crore”.
The location of the acquired land parcel is situated near the Outer Ring road junction next to the Golden Mile Road. In Hyderabad, Kokapet is one of the largest residential & commercial real estate markets & has refurbished with civic & social infrastructure with multifold schools, hospitals, and retail, commercial & residential spaces in immediacy. Also the location is well-linked to the Rajiv Gandhi International Airport.
Gaurav Pandey, MD & CEO of Godrej Properties stated that the company is delighted to add up another property in their Hyderabad portfolio. Further he added, “It aligns well with our expansion strategy and will further solidify our position as a leading national real estate developer”.
Copyright © 2024 HomesIndiaMagazine. All Rights Reserved.
