Godrej Properties emerges as the Highest Bidder for ~ 5-acre land parcel in Neopolis, Kokapet, Hyderabad

Godrej Properties Limited (GPL), one of India's leading real estate developers, today announced that it has participated in an e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA) for a marquee land parcel measuring ~ 5 acres in Neopolis, Kokapet, one of Hyderabad's most prestigious and high-growth real estate destinations where GPL has emerged as the highest bidder, according to the e-tendering portal of MSTC Limited. HMDA shall issue the allotment letters after following the due process.

The proposed development on this land is planned as a premium residential project with a saleable area of ~2.5 million sq. ft. and an estimated revenue potential of ~ INR 4,150 crore.

Neopolis, Kokapet has rapidly evolved into one of Hyderabad's most sought-after residential micromarkets, driven by its proximity to the Financial District and HITEC City, robust infrastructure expansion, and a thriving ecosystem of global technology companies, international schools, retail avenues, and healthcare facilities. The region continues to command some of the highest land and product valuations in Hyderabad, fuelled by sustained demand from aspirational and high-income homebuyers.

Following the recent acquisition of a ~ 7.825-acre land parcel in Kukatpally in August 2025, the Neopolis, Kokapet auction reinforces GPL's growing presence in Hyderabad, building on the successful launches of Godrej Madison Avenue in Kokapet and Godrej Regal Pavilion in Rajendra Nagar. Hyderabad has emerged as one of Godrej Properties' fastest-growing markets, with sales upwards of ~ INR 2,600 crore in calendar year 2025, underscoring the city's strong demand dynamics and GPL's strategic focus on this region.

Gaurav Pandey, MD & CEO, Godrej Properties, said: "Hyderabad continues to demonstrate strong fundamentals with robust infrastructure growth and sustained demand for quality housing. We remain committed to strengthening our presence in this high-potential market through strategic acquisitions and differentiated developments. Our aim is to deliver projects that combine thoughtful design and customer-centric features, creating long-term value for homebuyers."

*On the basis of current business assumptions.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 2113.55 as compared to the previous close of Rs. 2096.70. The total number of shares traded during the day was 17859 in over 1902 trades.

The stock hit an intraday high of Rs. 2121.30 and intraday low of 2095.00. The net turnover during the day was Rs. 37700061.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 Realty HighestBidder eAuction HMDA 5Acres Neopolis Kokapet