Hot Pursuit     14-Mar-24
Godrej Properties acquires land parcel in Hyderabad with revenue potential of Rs 1,300 crore
Godrej Properties (GPL) said that it has acquired approximately 3-acres of land in Kokapet, with an estimated potential of nearly 1.2 million square feet of saleable area.

The saleable area would primarily comprise of premium residential apartments of various configurations with an estimated booking value of approximately Rs 1,300 crore.

“This is the second land acquisition for GPL in Hyderabad and will take the overall booking value potential added in Hyderabad to Rs 4,800 crore,” the company said in a statement.

The newly acquired land is located in a strategic and high-potential area in Kokapet near the Outer Ring Road junction close to Golden Mile Road.

Kokapet is one of the largest commercial and residential real estate markets in Hyderabad and has a well-developed social and civic infrastructure with multiple schools, hospitals, retail, residential, and commercial spaces in proximity.

The location offers connectivity to the Rajiv Gandhi International Airport and all major social and commercial areas in the city.

Gaurav Pandey, MD, and CEO, Godrej Properties, said: “We are pleased to add another project in Hyderabad, which is amongst the largest and fastest growing residential real estate markets in the country.

It aligns well with our expansion strategy and will further solidify our position as a leading national real estate developer. We will aim to build an outstanding residential community that creates long-term value for its residents.”

Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 31 December 2023. The company currently operates in various cities and focuses on residential, commercial, and township development.

The real estate developer’s consolidated net profit increased 6% to Rs 62.27 crore in Q3 FY24 from Rs 58.74 crore posted in Q3 FY23. Revenue from operations jumped 68.39% YoY to Rs 330.44 crore in Q3 FY24.

The scrip fell 1.57% to currently trade at Rs 2170.95 on the BSE.

Previous News
  Godrej Properties consolidated net profit rises 161.19% in the December 2024 quarter
 ( Results - Announcements 04-Feb-25   16:11 )
  Godrej Properties consolidated net profit rises 401.81% in the September 2024 quarter
 ( Results - Announcements 23-Oct-24   15:47 )
  Godrej Properties jumps after Q3 PAT soars 161% YoY
 ( Hot Pursuit - 04-Feb-25   15:38 )
  Godrej Properties acquires 46-acre land parcel in Indore
 ( Corporate News - 31-Jul-24   09:05 )
  Godrej Properties gains after Q2 PAT zooms to Rs 335 cr
 ( Hot Pursuit - 23-Oct-24   14:49 )
  Godrej Properties allots 15,491 equity shares under ESGS
 ( Corporate News - 10-Jun-24   19:24 )
  Godrej Properties records Rs 3,000 cr sales from its Godrej Zenith project
 ( Corporate News - 08-Apr-24   09:11 )
  Godrej Properties rises after Gurugram project records sales of over Rs 3,000 crore in 3 days
 ( Hot Pursuit - 08-Apr-24   10:16 )
  Godrej Properties
 ( Results - Analysis 06-Feb-23   20:29 )
  Godrej Properties successfully bids for development of land parcel in Noida
 ( Corporate News - 05-Mar-24   09:16 )
  Godrej Properties acquires land parcel in Hyderabad with revenue potential of Rs 1,300 crore
 ( Hot Pursuit - 14-Mar-24   12:18 )
Other Stories
  Talbros Automotive Q3 PAT rises 5% YoY to Rs 24 cr
  11-Feb-25   15:03
  HBL Engineering Ltd leads losers in 'A' group
  11-Feb-25   15:00
  Welspun Investments & Commercials Ltd leads losers in 'B' group
  11-Feb-25   14:45
  Volumes soar at CRISIL Ltd counter
  11-Feb-25   14:30
  Cera Sanitaryware declines as Q3 PAT slips 10% YoY to Rs 46 cr
  11-Feb-25   14:30
  Real Estate shares fall
  11-Feb-25   14:00
  Industrials shares fall
  11-Feb-25   14:00
  Healthcare shares fall
  11-Feb-25   14:00
  Patanjali Foods Q3 PAT climbs 71% YoY to Rs 371 cr
  11-Feb-25   13:48
  State Bank of India eases for fifth straight session
  11-Feb-25   13:35
Back Top