Hyderabad land parcel: Godrej Properties emerges as the highest bidder
Real estate builder and developer, Godrej Properties, has emerged as the highest bidder for a 5-acre land parcel in Neopolis, Kokapet, Hyderabad. The land is expected to offer 2.5 million sq ft of saleable area and can generate a revenue of nearly Rs 4,150 crore.
The firm won the bid through an e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA). This comes after the firm acquired 7.82 acres in Kukatpally for Rs 550 crore earlier.
Also Read: Godrej Properties plans to buy land parcels, eyes Rs 30,000 crore revenue