Godrej Properties has emerged as the highest bidder in an auction for a five-acre parcel of land in the premium Neopolis Kokapet area of Hyderabad. The plot, which has been awarded by the Hyderabad Metropolitan Development Authority (HMDA) via e-auction, carries a value of about ₹4,150 crore and is envisaged to support a development spanning roughly 2.5 million square feet of saleable area.
Key Highlights
- Godrej Properties won a ₹4,150-crore HMDA auction for a five-acre Neopolis Kokapet land parcel in Hyderabad.
- The plot will support nearly 2.5 million sq ft development, strengthening Godrej’s premium residential footprint.
Hyderabad remains a major focus market for Godrej Properties; the developer notes sustained demand from aspirational and high-income homebuyers in the Neopolis-Kokapet micro-market, helped by its proximity to the financial district and HITEC City. Earlier in August 2025, the company had purchased 7.82 acres in Kukatpally for around ₹550 crore — underlining its ongoing land-acquisition push in the city.
Also Read: Godrej Properties Sells 683 Homes Worth over Rs 1,000 Cr in Hyderabad Project
In a regulatory filing, the company noted that Hyderabad’s fundamentals — including strong infrastructure growth and elevated valuations — support its strategy to strengthen its footprint there and create differentiated residential developments. The allotment process will now move ahead with HMDA issuing a formal allotment letter, following due process on the e-tendering portal.
The share price of Godrej Properties opened down marginally by about 1 % at ₹2,112.70 on the day, and had declined by over 8 % over the prior month, according to market data.
In summary: Godrej Properties’ winning bid in a high-value land auction highlights its confidence in Hyderabad’s premium residential market, even as it underscores competitive valuations and the strategic importance of land banking in India’s major growth hubs.
