Advertisement
Godrej Properties has recorded housing sales bookings of over INR 2,600 crore in Hyderabad within its first calendar year of operations, marking a strong entry into the city's residential market. The developer launched its first project in Kokapet earlier this year, followed by a second residential development, both of which saw healthy demand for premium and luxury homes. The company sees Hyderabad as a high-growth market backed by stable regulations, infrastructure expansion and steady end-user demand. Godrej Properties plans to scale operations further, backed by new land acquisitions in Kokapet and Kukatpally, strengthening its long-term residential pipeline in the city.
Godrej Properties has achieved housing sales bookings exceeding INR 2,600 crore in Hyderabad within its first calendar year of operations in the city, signalling a strong market entry and reinforcing its plans to expand further in one of India's fastest-growing residential markets. The company entered Hyderabad earlier this year with the launch of its maiden housing project at Kokapet and has since introduced a second residential development, both of which have delivered robust sales momentum. Advertisement
Speaking to PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said the company's performance in Hyderabad has surpassed expectations, underlining the city's strong end-user demand for premium and luxury housing. He said the developer launched its first project in the January-March quarter, followed by a second launch in the July-September quarter, and together these two developments generated sales bookings of more than INR 2,600 crore during the company's first year of operations in the city.
Godrej noted that Hyderabad offers significant long-term growth potential, supported by a stable regulatory environment, improving infrastructure, and sustained demand from both end-users and investors. He added that the company intends to steadily scale its operations in the city and is actively evaluating new land parcels to support future residential launches.
Godrej Properties, one of India's leading residential developers, already has a strong presence in major housing markets such as the Mumbai Metropolitan Region, Delhi-NCR, Pune and Bengaluru, where it develops large group housing projects. Hyderabad has now become the fifth key city in its national residential portfolio, with the company focusing on well-located, large-format developments.
Reflecting its expansion strategy, the company recently emerged as the highest bidder in an e-auction conducted by the Hyderabad Metropolitan Development Authority for a land parcel measuring around five acres in Neopolis, Kokapet. On this site, Godrej Properties plans to develop a premium residential project with a saleable area of approximately 2.5 million sq ft and an estimated revenue potential of about INR 4,150 crore. Earlier, in August, the company had also acquired a 7.825-acre land parcel in Kukatpally, further strengthening its land bank in the city.
Across its national portfolio, Godrej Properties reported a 13 per cent increase in sales bookings to INR 15,587 crore during the first half of the current financial year, compared to INR 13,835 crore in the same period a year earlier. The company remains confident of achieving its full-year sales booking target of INR 32,500 crore, having already closed FY25 with total property sales of INR 29,444 crore.
To sustain growth, the developer continues to launch new projects while aggressively pursuing land acquisitions. During the current fiscal year, Godrej Properties aims to add projects with a revenue potential of around INR 30,000 crore through a mix of outright land purchases and joint development agreements. In addition to group housing, the company is also acquiring land parcels in several Tier II and Tier III cities to expand its plotted development offerings.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
