Godrej Properties Limited (GPL), a prominent real estate developer in India, has acquired approximately 12.5 acres of land in Rajendra Nagar, Hyderabad, it noted in an exchange filing on February 14. This marks the entry of the company in Hyderabad.
The latest development is anticipated to generate revenue of approximately Rs 3,500 crore.
The land parcel, situated in a prime area, is poised for development with an estimated potential of around 4 million square feet of saleable area, primarily comprising premium residential apartments.
Rajendra Nagar boasts well-established physical and social infrastructure, including schools, colleges, hospitals, and retail outlets, while also offering excellent connectivity to the Rajiv Gandhi International Airport and key social and commercial hubs within Hyderabad.
With a focus on providing high-quality living experiences with modern amenities, the project aims to cater to the preferences of discerning homebuyers in Hyderabad.
Rajendra Nagar boasts well-established physical and social infrastructure, including schools, colleges, hospitals, and retail outlets, while also offering excellent connectivity to the Rajiv Gandhi International Airport, and key social and commercial hubs within Hyderabad.
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