Godrej Properties Shares Trade Flat Despite Securing a 5 Acre Land Parcel
Shares of Godrej Properties Ltd were trading flat with minimal gains on 1 December after the Mumbai-based real estate firm announced that it has emerged as the highest bidder for a 5-acre land piece in Neopolis, Kokapet, Hyderabad. The company has proposed a premium residential construction project on the land... The post Godrej Properties Shares Trade Flat Despite Securing a 5 Acre Land Parcel appeared first on Equitypandit.
Shares of Godrej Properties Ltd were trading flat with minimal gains on 1 December after the Mumbai-based real estate firm announced that it has emerged as the highest bidder for a 5-acre land piece in Neopolis, Kokapet, Hyderabad.
The company has proposed a premium residential construction project on the land parcel with 2.5 million square feet of saleable area and an estimated revenue of Rs 4,150 crore.
The Hyderabad Metropolitan Development Authority (HMDA) held an e-auction for the land lot, which Godrej Properties participated in. HMDA will issue allotment letters after completing the proper procedures.
Neopolis, Kokapet, is a residential micro-market in Hyderabad that is close to the financial centre and HITEC City, as well as global technology corporations, international schools, shopping malls, and medical services.
Earlier, in August 2025, Godrej Properties purchased a 7.825-acre land tract in Kukatpalli. Following this, the recent Neopolis, Kokapet auction strengthens the company’s growing footprint in Hyderabad, adding to the success of Godrej Madison Avenue in Kokapet and Godrej Regal Pavilion in Rajendra Nagar, according to the statement.
According to Godrej Properties, Hyderabad is one of their fastest-growing markets, with projected sales of over Rs 2,000 crore by 2025.
“We remain committed to strengthening our presence in this high-potential market through strategic acquisitions and differentiated developments,” Gaurav Pandey, the MD and CEO of Godrej Properties, said.
At 12:48 pm, the shares of Godrej Properties were trading 0.84% lower at Rs 2,096.80 on NSE.
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The post Godrej Properties Shares Trade Flat Despite Securing a 5 Acre Land Parcel appeared first on Equitypandit.
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